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Back to blog March 18, 2020 No Comments Author: Andy Jones

Private Equity Investing in Telehealth Companies

Companies offering telehealth and telemedicine services not only have the ability to help in a crisis, they will likely experience significant increased demand from the recent CoronaVirus outbreak. Our M&A Research Database currently tracks 25 private equity-backed portfolio companies offering telehealth services. Sample acquisitions below…

 

Sample Private Equity Acquisitions of Telehealth Companies

December 2019VirTrial (Scottsdale, AZ) acquired SnapMD Healthcare, LLC as an add-on acquisition. Kinderhook Industries invested in VirTrial as a platform investment in August 2018.

VirTrial is a technology company using a telehealth platform to transform the clinical trials industry. The platform offers a Virtual Care Management program that combines video, text, and email allowing pharmaceutical companies and CROs to create patient-centric trials by replacing some study visits with virtual visits.

Add-on Acquisition:

SnapMD Healthcare, LLC is a provider of telemedicine tools and services that improve patient engagement.

 

February 2019PursueCare (Middletown, CT) raised an undisclosed amount of funding, led by WRD Capital and Starboard Capital Partners.

PursueCare is a technology-enabled healthcare Managed Services Organization, leveraging existing telehealth delivery modes of care, a network of certified addiction counselors, and provider of proven specialty pharmacy services to better address the opioid crisis. The Company will provide teletherapy counseling services and federally sanctioned Medication-Assisted-Treatment by enabling patients to access psychologists, clinical social workers and substance abuse counselors for on-demand and scheduled care online.

 

January 2019Forefront Telecare, Inc. (Novato, CA) closed a Series A Preferred growth equity funding, led by Spring Lake Equity Partners.

Forefront Telecare, Inc. provides behavioral health services via its HIPAA-compliant telehealth platform which incorporates software, hardware, and comprehensive service protocols.

 

August 2018MDLive Inc. (Sunrise, FL) announced the closing of a $50 million growth investment led by Health Velocity Capital; by existing partners Cigna Corporation and Health Care Service Corporation; and with participation from Novo Holdings A/S and Industry Ventures.

MDLive is a telehealth platform focused on delivering high-quality, convenient, cost-effective, multi-specialty virtual access to care.

 

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