At JPMorgan's health-care conference in January, Teladoc said it is actively working to grow membership and use of services within its integrated care segment.
Catapult offers an at-home wellness exam, and Teladoc said the acquisition will help it improve its ability to detect health conditions early.Catapult offers an at-home wellness exam that allows members to check their blood pressure, collect a blood sample, log other screening information and meet virtually with a nurse practitioner. Teladoc, a virtual care platform, said the acquisition will help it improve its ability to detect health conditions early.
The company said Catapult will operate within its integrated care segment after the deal closes. At JPMorgan's health-care conference in January, Teladoc said it is actively working to grow membership and use of services within its integrated care segment. "Catapult Health's capabilities will help advance our strategy in meaningful ways — from giving more members access to convenient and impactful wellness and preventative care, to unlocking greater value for our customers," Teladoc CEO Chuck Divita said in a statement.Apple shares fall after China reportedly considers probe into App Store practicesCatapult generated around $30 million in trailing twelve-month revenue as of the third quarter of 2024, Teladoc said.
"Joining forces with Teladoc Health will help us accelerate our impact and advance our shared mission to empower healthier lives," Catapult CEO David Michel said in a statement.Teladoc's acquisition of Catapult comes after a tumultuous period for the company. When Teladoc acquired Livongo in 2020, the companies had aof Jason Gorevic, who joined as CEO in 2009 and steered the company through the Livongo deal and the Covid-19 pandemic.
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