Doctor Care Anywhere Group (DCA) announced this week that it is selling GP2U Telehealth to My Emergency Doctor.
GP2U Telehealth is an Australian provider of virtual GP services through the brand GP2U and tele-mental health services through the Psych2U brand. DCA acquired GP2U Telehealth in September 2021, a year after GP2U went public in Australia.
Founded in 2016, My Emergency Doctor provides acute care after hours via video and phone across regional Australia. The company has partnerships with more than 40 healthcare services, including ambulances, primary health networks, residential aged care facilities, hospitals, urgent care centers and multi-purpose centers.
DCA said it decided to sell GP2U to focus on its core UK market. “Completing the sale of GP2U will further cement this strategy, enabling management to focus on UK growth and profitability going forward,” said DCA Chairman John Stier. DCA is a shareholder in My Emergency Doctor.
The deal, which is still subject to shareholder approval, is expected to be completed by the end of June 2023.
According to data captured in the LevinPro HC database, this acquisition represents the 116th eHealth transaction of 2023, including 25 in the telehealth specialty. There were 175 eHealth and 25 telehealth deals announced between January 1, 2022, and June 6, 2022.
