SOC Telemed
The deal is valued at about $194 million and will drive about a third of the telemedicine company's expected revenue moving forward.
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The company will join the Nasdaq with an initial valuation around $720 million.
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Because telehealth tools enable faster access to care and help emergency clinicians make decisions at the bedside to reduce unnecessary admissions and length of stay, costs are being reduced, says Anton Arbatov, senior director SOC Telemed.