Virtual care provider Teladoc Health (NYSE:TDOC) announced on Wednesday that it has agreed to acquire Catapult Health, a provider of virtual preventive care services for USD65m in cash, plus up to USD5m in additional earnout consideration.

The deal will strengthen Teladoc Health's integrated care strategy, which focuses on expanding membership, improving healthcare outcomes and advancing mental health services. Catapult Health's innovative VirtualCheckup wellness exam will enhance Teladoc Health's capabilities in preventive care and chronic care management.

Catapult Health's at-home diagnostic testing and high-touch engagement model will complement Teladoc Health's virtual care solutions. The acquisition will also facilitate the integration of Catapult Health's technology into Teladoc Health's care management programmes, including diabetes, hypertension and weight management.

As of the third quarter of 2024, Catapult Health's trailing 12-month revenue was approximately USD30m.

Following the acquisition, Catapult Health will operate within Teladoc Health's Integrated Care segment.

Subject to customary conditions, the acquisition is expected to close in the first quarter of 2025.