Kayne Anderson announced that it is acquiring a majority share of TeleMed2U through Kayne Anderson Growth Capital, its dedicated growth capital strategy.
TeleMed2U is a leading provider of telemedicine solutions, based in Roseville, California. With more than 275 specialist care providers, TeleMed2U’s suite of telemedicine services engages patients across the healthcare continuum, offering outpatient care, inpatient services and asynchronous telemedicine across 20 specialties, including Behavioral Health, Endocrinology, Rheumatology, Infectious Diseases, Dermatology and more, regardless of the patient’s geographic location.
Founded in 1984, Kayne Anderson Capital Advisors is a private equity firm based in Los Angeles, California. The firm seeks to invest in software and technology-enabled companies across North America in the lower middle market. The firm also seeks to invest equities and credit in energy, energy infrastructure and real estate sectors.
Ziegler, a specialty investment bank, served as the exclusive financial advisor to TeleMed2U in connection with the transaction. Financial terms of the deal were not disclosed.
According to data captured in the LevinPro HC database, this transaction represents the 58th eHealth acquisition of 2024, and the eighth in the telehealth specialty. In 2023, 273 eHealth and 60 telehealth transactions were announced.
