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Teladoc Health to acquire Catapult Health in $65 million deal

1. Teladoc to acquire Catapult Health for $65 million in cash. 2. Catapult enhances Teladoc's preventative care capabilities. 3. Acquisition aims to improve wellness and health condition detection. 4. Teladoc recently faced struggles, with a market cap under $2 billion. 5. CEO Chuck Divita emphasizes the importance of integrated care growth.

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FAQ

Why Bullish?

The acquisition may increase Teladoc's service offerings, improving future revenues.

How important is it?

The acquisition is a strategic move to strengthen Teladoc amidst past struggles.

Why Long Term?

Successful integration of Catapult can enhance Teladoc's market position over time.

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