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Teladoc Acquires Consult A Doctor, Expands Service Offerings and Member Base
Acquisition broadens Teladoc's reach to provide services to new market segments
Teladoc, the nation's first and largest telehealth provider with more than 6 million members, announced today the acquisition of Consult A Doctor, a telehealth company founded in 2007. With this acquisition, individuals and employees of small- to medium-size businesses will now have access to Teladoc's national network of U.S. board-certified, state-licensed physicians for consults.
Through Teladoc, patients consult with a physician via phone or secure online video to receive treatment for non-emergency medical issues, such as allergies, bronchitis, pink eye and sinus problems. Teladoc physicians complete more than 120,000 consults annually, have an average of 15 years experience and score a 95 percent patient satisfaction rate. Teladoc is also the first and only telehealth company with a physician credentialing process certified by the National Committee for Quality Assurance (NCQA), scoring 100 percent. This certification demonstrates the highest commitment to quality health care.
"This acquisition marks a milestone for Teladoc by expanding our offerings and capabilities to new market segments," said Jason Gorevic, Teladoc's CEO. "With this acquisition, Teladoc will expand the reach of its services to more companies, health plans, organizations and individuals looking for quality health care solutions at an affordable cost. We're proud to be the leader in telehealth and the acquisition will significantly increase our existing scale advantage over the rest of the market."
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