Bell Nunnally represented Addison, Texas-based virtual preventive care services provider Catapult Health in its sale to Teladoc Health, Inc., a publicly traded multinational telemedicine and virtual healthcare company headquartered in New York. Bell Nunnally’s deal team was comprised of partners Andrew Dowdy and Jonathan Farrokhnia; Senior Associate Joshua T. Smith; and associates Vikram O. Kadiri and Matthew J. DeWitte. The definitive agreement by Teladoc Health to acquire Catapult Health was announced on February 5 and values the company at up to $70M.
A Teladoc Health-issued press release noted, “The Catapult Health acquisition specifically seeks to advance efforts to improve early detection of health conditions, connect Teladoc Health’s members with high-quality care and deliver better health outcomes in care management.”
In the same release, Chuck Divita, Chief Executive Officer of Teladoc Health, commented “Catapult Health’s capabilities will help advance our strategy in meaningful ways — from giving more members access to convenient and impactful wellness and preventative care, to unlocking greater value for our customers.”
David Michel, Founder and CEO of Catapult, said, “This deal brings together like-minded, entrepreneurial companies dedicated to using innovative solutions to positively impact patient access, health and outcomes. We think this is a meaningful next step for our company and are appreciative of Bell Nunnally’s steady and comprehensive guidance as this transaction went from conception to reality.”