On January 12, 2020, Teladoc Health, a global leader in virtual care, announced it has entered into a definitive agreement to acquire InTouch Health, a leading provider of enterprise telehealth solutions for hospitals and health systems, for $600 million. The acquisition positions Teladoc Health as the only virtual care provider covering the full range of acuity--from critical to chronic to everyday care--through a single solution across all sites of care worldwide. J.P. Morgan acted as sole financial advisor and Wilson Sonsini Goodrich & Rosati represented InTouch Health in the transaction.

The transaction is expected to close by the end of Q2, subject to customary closing conditions. Under the terms of the agreement, the purchase price of $600 million will consist of approximately $150 million in cash and $450 million of Teladoc Health common stock.

Partnered with more than 450 hospitals and health systems with more than 14,500 physician users globally, and supporting 40+ clinical use cases, InTouch Health provides an award-winning, integrated suite of technology, software, purpose-built devices, and a secure global network offering a high-quality managed experience for global health care providers. Together with Teladoc Health, the newly combined entity will be uniquely equipped to meet the growing needs of the provider market with one single, integrated solution spanning both consumer and provider-to-provider applications.

The Wilson Sonsini team that represented InTouch Health in the transaction included:

Corporate
Bob Day
Rob Ishii
Brian Chan
Jordan Cruzzavala

Tax
Jonathan Zhu
Derek Wallace

Technology Transactions
Chris Paniewski

Employee Benefits and Compensation
David Thomas

Antitrust
Ben Labow

Privacy
Matt Staples
Daniel Chen

For more information, please see Teladoc Health's press release.