Teladoc Health, a virtual care provider, announced its acquisition of Catapult Health, a virtual preventative care provider. The acquisition, valued at $65 million in cash, with up to $5 million in contingent earnout, will allow Teladoc Health to enhance its suite of virtual care solutions. Catapult Health’s innovative approach to at-home wellness exams, including its VirtualCheckup service, will complement Teladoc’s existing offerings. The transaction, expected to close in the first quarter of 2025, will help Teladoc focus on improving early detection of health conditions and providing high-quality care to its members.
The acquisition aligns with Teladoc Health’s strategy to expand its integrated care segment and support its efforts to grow its member base and improve healthcare outcomes. Catapult Health’s VirtualCheckup has already shown success in detecting health risks, including high blood pressure and prediabetes, benefiting both employees and employers. This acquisition will also enable Teladoc to enroll eligible members in its existing programs, including those for diabetes and weight management, while also offering access to virtual mental health support. Chuck Divita, Chief Executive Officer of Teladoc Health said, “Catapult Health brings an experienced team and a strong culture of innovation, and we are thrilled to welcome them to Teladoc Health.”
