Lewisville-based Teladoc Inc., a telehealth company providing on-demand healthcare, has entered a definitive agreement to acquire Boston-based Best Doctors, a global medical consultation company. The transaction is expected to close in July for $375 million in cash and $65 million of Teladoc common stock.
According to Teladoc, the planned acquisition is in line with a new company project whereby Teladoc is creating an online platform that allows patients to access care for non-critical episodic needs and chronic medical conditions. The company will use Best Doctors’ international portfolio, in addition to its own solutions, to increase its data network and scope.
Teladoc CEO Jason Gorevic said acquiring Best Doctors, which is a “second-opinion” service used by the likes of employers and insurers, would enhance the company’s mission of improving telemedicine and healthcare for customers.
