Quick Take
Teladoc (NYSE:TDOC) has announced the acquisition of Advance Medical for $352 million.
Advance Medical has developed as a leading telehealth services provider to more than 25 million patients in numerous countries.
Teladoc acquired Advance for its international footprint and complementary service offerings. It plans to cross-sell those capabilities to U.S. multinationals looking for a robust offering for workforce healthcare options worldwide.