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Announced

Completed

Sixth Street completed a $50m investment in MDLIVE.

Financials

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Transaction Value£39m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private Equity

Friendly

Domestic

telemedicine

Acquisition

United States

Health Care Services

Private

Completed

Minority

Single Bidder

Synopsis

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Sixth Street, through its growth investing arm, Sixth Street Growth, completed a $50m investment in MDLIVE, a telemedicine company. "The pandemic has accelerated the rapid disruptive transformation of virtual healthcare delivery. With this $50m crossover investment and the healthcare leadership of Sixth Street, MDLIVE will be able to fulfill its Caring Vision of Cost Containment, Convenient, Contagion-free healthcare delivery. As the demand for MDLIVE's offerings has reached all-time highs, we remain focused on the expansion of a single, proven technology platform with the flexibility to integrate with devices and the capacity to leverage AI and ingest vast volumes of data necessary for proactive and preemptive care," Charles Jones, MDLIVE Chairman and CEO.

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