Monday, January 13, 2020

InTouch Health Acquired For $600M

Santa Barbara-based InTouch Health, which provides telehealth services and robotic, healthcare products, has been acquired by Teladoc Health, for $600M in a combination of cash and stock, the companies said over the weekend. According to the two, the deal is includes approximately $150M in cash and $450M of Teladoc Health common stock. InTouch Health was backed by Beringea, Galen Partners, InvestCare Partners, InvestMichigan, Acacia Venture Partners, Twenty One East Victoria, and iRobot, among others. Teladoc said that the buy would help it with "further accelerating the adoption and impact of virtual care for millions of people around the world." InTouch Health was advised by J.P. Morgan and Wilson Sonsini Goodrich & Rosati LLP in the deal; the company had raised around $114M in total funding.

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