Healthcare Merger completed the merger with SOC Telemed in a $720m deal.

Healthcare Merger, a special purpose acquisition company, completed the merger with Warburg Pincus-backed SOC Telemed, a provider of acute care telemedicine, in a $720m deal. Institutional Investors, including funds and accounts managed by BlackRock, Baron Capital Group, and Legg Mason, among others, have committed to private investment of $165m in the common stock of the combined company. "We are pleased to partner with SOC to drive its next phase of growth. SOC operates a scaled and differentiated acute care telemedicine platform. This transaction will enable the company to capitalize on substantial opportunities to expand and grow and benefit from the accelerated adoption of telemedicine as a result of Covid-19," Steve Shulman, Health Merger CEO.