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Teladoc Health to acquire Catapult Health in $65 million deal

1. Teladoc acquires Catapult Health for $65 million in cash. 2. Catapult provides at-home wellness exams and early health condition detection. 3. The acquisition enhances Teladoc's integrated care segment capabilities. 4. Teladoc's market cap is below $2 billion after previous stock declines. 5. CEO Chuck Divita emphasizes access to impactful wellness care.

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FAQ

Why Bullish?

The acquisition positions Teladoc for growth in preventative care, potentially boosting membership.

How important is it?

The acquisition directly impacts Teladoc’s strategic direction, crucial for its recovery and growth.

Why Long Term?

Long-term integration of Catapult will likely enhance Teladoc's service offerings and market position.

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