M&A Deal Summary

Fabric Acquires Team Health - VirtualCare

On September 17, 2024, Fabric acquired healthcare services company Team Health - VirtualCare from Team Health

Acquisition Highlights
  • This is Fabric’s 2nd transaction in the Healthcare Services sector.
  • This is Fabric’s 2nd transaction in the United States.

M&A Deal Summary

Date 2024-09-17
Target Team Health - VirtualCare
Sector Healthcare Services
Buyer(s) Fabric
Sellers(s) Team Health
Deal Type Divestiture

Target

Team Health - VirtualCare

United States
Team Health's VirtualCare is a virtual care provider licensed in all 50 states.

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Buyer(S) 1

Buyer

Fabric

New York, New York, United States

Category Company
Founded 2021
Sector Healthcare Services
DESCRIPTION

Fabric is a health tech company that powers healthcare providers to move faster, work smarter, and deliver better care to patients, employees, and health plan members. Leveraging conversational AI and intelligent adaptive interviews, Fabric unifies virtual and in-person care across intake, triage, routing, and treatment while automating clinical workflows and consumer journeys. Fabric was formed in 2021 and is based in New York City.


DEAL STATS #
Overall 2 of 3
Sector: Healthcare Services M&A 2 of 3
Type: Divestiture M&A Deals 2 of 2
Country: United States M&A 2 of 3
Year: 2024 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-28 MeMD

Phoenix, Arizona, United States

MeMD is a comprehensive telehealth solution providing on-demand, online care for common illnesses, injuries, and behavioral health issues to consumers and businesses nationwide. The company leverages the latest technologies and a highly-skilled network of providers and therapists to treat the whole person, affordably and conveniently, from a computer, phone, or mobile device. MeMD was founded in 2010 and is based in Phoenix, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-11-10 UCM Digital Health

Claymont, Delaware, United States

UCM Digital Health provides virtual healthcare services integrating urgent, emergent, and primary care through telehealth technology. UCM Digital Health’s platform connects patients to licensed clinicians 24/7 for medical consultations, mental health support, and care coordination, serving employers, insurers, and healthcare organisations. UCM Digital Health was founded in 2015 and is based in Claymont, Delaware.

Buy -

Seller(S) 1

SELLER

Team Health

Knoxville, Tennessee, United States

Category Company
Founded 1979
Sector Staffing
Employees18,800
Revenue 3.6B USD (2015)
DESCRIPTION
Team Health's corporate headquarters in Knoxville, Tennessee.
Team Health's corporate headquarters in Knoxville, Tennessee.

Team Health is a provider of outsourced healthcare professional staffing and administrative services to hospitals and other healthcare providers in the United States. Team Health was founded in 1979 and is based in Knoxville, Tennessee.


DEAL STATS #
Overall 1 of 1
Sector: Healthcare Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United States M&A 1 of 1
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-09 Premier Medical P.C.

Birmingham, Alabama, United States

Premier Medical P.C. is a provider of emergency care to more than 54,000 patients at St. Vincent’s East.

Buy -