Teladoc acquires Catapult Health for $65 million

Teladoc Health is acquiring Catapult Health for $65 million, aiming to enhance its preventive care services. This acquisition is expected to be completed by the end of March and will expand Teladoc's reach in chronic health management. Catapult Health generated $30 million in revenue over the past year, a small amount compared to Teladoc's $2.6 billion. The acquisition may help Teladoc cross-sell services to its large member base, but challenges remain in increasing chronic care patient numbers. Despite the acquisition, Teladoc continues to face financial struggles, including declining revenue and profitability. The company's recent performance raises concerns, making it a risky investment for potential buyers.