Announced
Completed
Financials
Sources
Tags
Private Equity
Friendly
Domestic
telemedicine
Acquisition
United States
Health Care Services
Private
Completed
Minority
Single Bidder
Synopsis
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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