M&A Deal Summary

Teladoc Acquires InTouch Health

On January 12, 2020, Teladoc acquired information technology company InTouch Health from Galen Partners and Beringea for 600M USD

Acquisition Highlights
  • This is Teladoc’s 3rd transaction in the Information Technology sector.
  • This is Teladoc’s 2nd largest (disclosed) transaction.
  • This is Teladoc’s 8th transaction in the United States.
  • This is Teladoc’s 2nd transaction in California.

M&A Deal Summary
Date 2020-01-12
Target InTouch Health
Sector Information Technology
Buyer(s) Teladoc
Sellers(s) Galen Partners
Beringea
Deal Type Add-on Acquisition
Deal Value 600M USD
Advisor(s) J.P. Morgan Securities (Financial)
Wilson Sonsini Goodrich & Rosati (Legal)

Target

InTouch Health

Santa Barbara, California, United States
website
InTouch Health, Inc. is a provider of Acute Care Telemedicine (ACT) solutions for high-acuity applications. InTouch Health is based in Santa Barbara, California.

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Buyer(S) 1

Buyer

Teladoc

Purchase, New York, United States

website

Category Company
Founded 2002
Sector Healthcare Services
Employees3,652
Revenue 1.1B USD (2020)
DESCRIPTION

Teladoc is a national network of board certified, state licensed primary care physicians who provide telephone-based consultations 24 hours a day. Teladoc physicians diagnose routine care, non-emergency medical problems via phone, recommend treatment and prescribe medications when necessary. Teladoc Health was founded in 2002 and is based in Purchase, New York.

DEAL STATS #
Overall 8 of 9
Sector (Information Technology) 3 of 3
Type (Add-on Acquisition) 8 of 8
State (California) 2 of 3
Country (United States) 8 of 9
Year (2020) 1 of 2
Size (of disclosed) 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-31 Advance Medical

Westwood, Massachusetts, United States

Advance Medical, Inc. is a physician-based telemedicine provider offering employers and insurers the ability to provide top-quality, concierge-level medical advice and support to patients around the globe via offices in the U.S., Europe, Asia, and South America.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-05 Livongo Health

Mountain View, California, United States

Livongo empowers people with chronic conditions to live better and healthier lives, beginning with diabetes and now including hypertension, weight management, diabetes prevention, and behavioral health. Livongo pioneered the category of Applied Health Signals to offer Members clinically based insights that focus on the whole person and make it easier to stay healthy. Using its AI+AI engine, Livongo’s team of data scientists aggregate and interpret substantial amounts of health data and information to create actionable, personalized and timely health signals delivered to Livongo Members exactly when and where they need them. The Livongo approach delivers better clinical and financial outcomes while creating a different and better experience for people with chronic conditions.

Buy $18.5B

Seller(S) 2

SELLER

Galen Partners

Stamford, Connecticut, United States

Investor Investor Investor Investor Investor

website

Category Growth Capital Firm
Founded 1990
PE ASSETS 1.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Galen Partners is a private equity firm that targets investments in the healthcare industry. Areas within healthcare that Galen will consider include medical devices & technology, specialty pharmaceuticals, and information technology/services. Galen typically invests between $10 and $30 million per transaction in companies with a proprietary product or service that have attained revenues above $10 million. Prospective transactions include growth equity investments, complete buyouts, family business or other recapitalizations, going-private transactions, roll-overs of a portion of existing equity, and management buyouts. Galen Partners was formed in 1990 and is based in Stamford, Connecticut.

DEAL STATS #
Overall 23 of 26
Sector (Information Technology) 2 of 2
Type (Add-on Acquisition) 20 of 22
State (California) 5 of 6
Country (United States) 23 of 26
Year (2020) 1 of 1
Size (of disclosed) 1 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-19 SMP

Miami, Florida, United States

SMP is a specialty pharmacy that provides treatments for a variety of complex disease states. SMP has developed specific therapeutic expertise in fertility and rheumatoid arthritis, and has strong experience in dermatology, infectious disease, gastroenterology, osteoporosis, and oncology. SMP was founded in 2003 and is based in Miami, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-22 Evolve Treatment Centers

El Segundo, California, United States

Evolve Treatment Centers offers evidence-based care to adolescents ages 12 to 17 who struggle with substance abuse and/or mental health issues. With 13 facilities throughout California, Evolve offers teens and their families a full continuum of care including Intensive Outpatient (IOP), Partial Hospitalization (PHP), and Residential Treatment Centers (RTC). Evolve Treatment Centers is headquartered in El Segundo, California.

Buy -
SELLER

Beringea

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1988
PE ASSETS 715M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Beringea LLP is a private equity firm focused on growth-oriented company investments in the Midwest US and the UK. Beringea looks to invest $2 to $10 million of equity or junior capital in profitable companies with 5 million and higher in revenue. Funds are used to support business expansions and growth, ownership transitions, leveraged buyouts, recapitalization, and refinancings. The Firm does not have any sector preferences and generally seeks businesses with proven business models and defensible market positions. Beringea was formed in 1988 and is based in London.

DEAL STATS #
Overall 26 of 39
Sector (Information Technology) 2 of 3
Type (Add-on Acquisition) 16 of 25
State (California) 1 of 1
Country (United States) 11 of 16
Year (2020) 1 of 1
Size (of disclosed) 2 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-06 Brideside

Chicago, Illinois, United States

Brideside, Inc. is an online wedding retailer site aiming to simplify and personalize the frustrating bridesmaid dress shopping process. Brideside, Inc. was founded in 2014 and is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-19 Second Nature

London, United Kingdom

Second Nature is a pioneering lifestyle change program that helps people build healthy habits and lose weight. Second Nature was founded in 2015 and based in London, United Kingdom.

Buy -
Mergr

Product

Company

Legal