Transaction
Medecin Direct sold to Telladoc
Date
March, 2019
Sectors
Software / SaaS
Digital Health Coms
Deal type
M&A (majority stake)
Deal locations
France
Deal Team
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Sandrine
Vergnory-Mion
M&A Advisory
Background
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MédecinDirect is an accredited and mobile platform of medical expertise. Secure and completely confidential, doctors are committed to answering all medical questions by telephone and Internet seven days a week. The company’s headquarters are situated in Paris and it was co-founded in 2008 by François Lescure and Marc Guillemot. MédecinDirect has a leading role in AI development for the creation of relevant tools aimed at optimizing the medical management of patients using teleconsultation.
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A mission-driven organization, Teladoc Health, Inc (NYSE: TDOC). is successfully transforming how people access and experience healthcare, with a focus on high quality, lower costs, and improved outcomes around the world. The company’s award-winning, integrated clinical solutions are inclusive of telehealth, expert medical opinions, AI and analytics, and licensable platform services. With more than 2,000 employees, the organization delivers care in 130 countries and in more than 30 languages, partnering with employers, hospitals and health systems, and insurers to transform care delivery.
Process
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Teladoc Health, acquired Paris-based telemedicine provider MédecinDirect. By combining the breadth of virtual care services of Teladoc Health with the strong, established local medical operations of MédecinDirect, the company is poised to capitalize on positive market conditions to bring the benefits of virtual care to more individuals across France.
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The organization will become the French country unit of Teladoc Health, adding to existing operations in the U.K., Australia, Canada, Spain, Portugal, Hungary, China, Chile and Brazil.