Teladoc Purchases Global Telemedicine Provider for $352M

Posted By American Med Spa Association, Friday, June 22, 2018

Teladoc, Inc. (NYSE: TDOC), acquired Spain-based Advance Medical, a leading virtual care provider outside of the United States. Teladoc completed the acquisition of Advance Medical on May 31, 2018, for a purchase price of $352 million, which consisted of approximately $292 million in cash and $60 million of Teladoc’s common stock. Under the terms of the deal, the co-founders of Advance Medical, Marc Subirats and Carlos Nueno, are joining Teladoc’s executive team and will continue to lead the Advance Medical business outside the U.S.
Teladoc’s award-winning integrated clinical solutions include telemedicine, expert medical opinions, artificial intelligence and analytics, and licensable platform services.  Teladoc has more than 2,000 employees delivering care in 125 countries in more than 20 languages.
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