SOC Telemed is Going Public in New Deal
One of the nations’ largest telemedicine providers is now going public. Specialists On Call, Inc. (d/b/a SOC Telemed) has been acquired by Healthcare Merger Corp. (NASDAQ: HCCO), a special purpose acquisition company, for $720 million from Warburg Pincus. Institutional Investors including BlackRock Inc., Baron Capital Group, and ClearBridge Investments, have committed to a private investment of $165 million in the combined company. SOC’s current management and equity holders, including Warburg Pincus, will roll a portion of their equity into the new SOC, and the proceeds generated by the transaction will be used to pay down existing debt. Once the merger is complete, the new company will... Read More »
SOC Telemed Adds Psych Services
SOC Telemed, formerly Specialists On Call, Inc., has added telepsychiatry provider JSA Health to its roster of specialties. SOC Telemed bills itself as the largest national provider of provides video-based specialty physician consultations to acute care hospitals, health systems, post-acute care providers, physician networks, value-based care organizations and health plans. Through its Telemed IQ platform, it provides 24/7 coverage in neurology, psychiatry, critical care and managed services solutions to more than 300 hospitals across 25 states. It’s been in Warburg Pincus’ portfolio since 2014. Houston-based JSA Health provides telepsychiatry services in emergency settings,... Read More »Schedule a demo
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