Taladoc Health to Acquire Catapult Health in $ 65 Million Deal

Taladoc health on Wednsday Announced it will achre the preventative care company Catapult health In an all-cash deal for $ 65 million.

Catapult offers An at-Home Wellness Exam that Allows Members to check their blood pressure, collect a blood sample, log Other screening information and met virtually with a nursed practice. Taladoc, A Virtual Care Platform, Said the Acquisition will help it improve its ability to detect health conditions early.

The company said catapult will operate within its integrated care segment after the deal closes. At jpmorgan’s health-care conferenceIn January, Teladoc said it is actively working to grow membership and use of services within its integrated care segment.

“Catapult Heart’s Capabilitys will help Advance our strategy in meaningful ways – from giving more members access to convenient and impactful wellness and preventant care Eers, “Taladoc Ceo Chuck Divita said in a statement.

Catapult Generated Around $ 30 Million in Trailing Twelve-Month Revenue as of the Third Quarter of 2024, Taladoc said. The deal is expected to close in the first quarter of this year.

Taladoc’s Acquisition of Catapult Comes after a tumulture period for the company. When Teladoc Acquired Livongo in 2020, The Companies Had A Combined Enterprise Value of $ 37 BillionThe stock has tumbled insurance then, and taladoc’s market cap now sits under $ 2 billion.

In April, Taladoc Announced the sudden departure of Jason Gorevic, Who Joined as CEO in 2009 and Stered the company through the Livongo Deal and the Covid-19 Pandemic. Divita Took Over as Chief Executive in June And pledged to position the company for “long-term, sustainable success.”

Taladoc did not immMIDIELY Respond to CNBC’s Request for Comment.