Acquisition broadens Teladoc’s reach to provide services to new market segments
DALLAS–(BUSINESS WIRE)–Teladoc, the nation’s first and largest telehealth provider with more than 6 million members, announced today the acquisition of Consult A Doctor, a telehealth company founded in 2007. With this acquisition, individuals and employees of small- to medium-size businesses will now have access to Teladoc’s national network of U.S. board-certified, state-licensed physicians for consults.
“This acquisition extends Teladoc’s market leadership, offering a wide range of telehealth solutions. We recognized early on the central role telehealth would play in the evolving health care landscape and remain confident that Teladoc will lead this transformation.”
Through Teladoc, patients consult with a physician via phone or secure online video to receive treatment for non-emergency medical issues, such as allergies, bronchitis, pink eye and sinus problems. Teladoc physicians complete more than 120,000 consults annually, have an average of 15 years experience and score a 95 percent patient satisfaction rate. Teladoc is also the first and only telehealth company with a physician credentialing process certified by the National Committee for Quality Assurance (NCQA), scoring 100 percent. This certification demonstrates the highest commitment to quality health care.
“This acquisition marks a milestone for Teladoc by expanding our offerings and capabilities to new market segments,” said Jason Gorevic, Teladoc’s CEO. “With this acquisition, Teladoc will expand the reach of its services to more companies, health plans, organizations and individuals looking for quality health care solutions at an affordable cost. We’re proud to be the leader in telehealth and the acquisition will significantly increase our existing scale advantage over the rest of the market.”
Teladoc’s acquisition of Consult A Doctor allows the company to expand its unique service offerings and continue to grow and bring innovative solutions to the marketplace.
“In a short time, telehealth has emerged as an important tool to enable 24/7 access to quality health care for broader patient populations,” said Dana Mead, Teladoc board member and partner at Kleiner Perkins Caufield & Byers. “This acquisition extends Teladoc’s market leadership, offering a wide range of telehealth solutions. We recognized early on the central role telehealth would play in the evolving health care landscape and remain confident that Teladoc will lead this transformation.”
Founded in 2002, Teladoc is the nation’s first and largest telehealth provider with more than 6 million members nationwide. With an average response time of 16 minutes, Teladoc enhances access to affordable, high-quality medical care for adults and children via videoconferencing or telephone consultations. The U.S.-based, board-certified physicians meet National Committee for Quality Assurance (NCQA) standards and deliver a 95 percent patient satisfaction rate. Teladoc partners with payers, corporations, organizations and patients that seek accessible and affordable high-quality medical care. Additionally, through its TeladocConnect service, physicians are able to offer the convenience of Teladoc and provide their patients with a high level of care around the clock. For more information, please visit www.Teladoc.com or www.TeladocConnect.com.
PR Support for Teladoc
Meredith Lockhart, 972-499-6650