Cosmos Health Inc. has completed the acquisition of ZipDoctor, Inc. from American International Holdings Corp. The financial terms of the acquisition were not disclosed.
ZipDoctor is a direct-to-consumer subscription-based telemedicine platform that provides customers 24/7 access to board-certified physicians and licensed mental and behavioral health counselors and therapists.
Founded in 2009, Cosmos Health is a Chicago-based global healthcare group. The company has proprietary lines of nutraceuticals and distributes pharmaceuticals, branded generics, OTC medications and medical devices.
According to data captured in the LevinPro HC database, this acquisition represents the 73rd eHealth transaction of 2023, including 15 in the telehealth specialty. There were 128 eHealth and 16 telehealth deals announced between January 1, 2022, and April 5, 2022.The largest telehealth deal by purchase price during the first quarter of 2023 was WW International, Inc.’s acquisition of Sequence, a subscription telehealth platform offering access to healthcare providers specializing in chronic weight management, for $106 million at the start of March. You can read more about that deal on the LevinPro HC platform here.
