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Herndon telehealth company to be acquired
Herndon-based acute care telemedicine provider SOC Telemed Inc. has entered into a definitive agreement to be acquired and taken private by California-based health care investment firm Patient Square Capital, it announced Thursday. SOC Telemed stockholders will receive $3 in cash per share, which represents a 366.1% premium over SOC Telemed’s closing share price on Wednesday, […]
Reston-based SOC Telemed buys Texas telehealth practice for $194M
Reston-based SOC Telemed Inc. announced this week it has purchased Texas-based medical practice Access Physicians for $194 million in cash and stocks. The acquisition will create the largest acute care telemedicine provider in the United States. According to SOC Telemed, the combined company is estimated to have earned $107 million to $113 million in pro […]
Reston telemed company announces leadership changes
Reston-based telemedicine technology provider SOC Telemed on Monday announced executive leadership appointments and promotions, effective Jan. 4. Hai Tran, who currently serves as chief financial officer and chief operating officer, has been promoted to serve as president and COO. Chris Knibb will join the company as its new CFO. With more than 20 years of […]
Tazewell County directs $363K in CARES funding to Carilion Clinic
As Southwest Virginia continues to see a spike in COVID-19 cases, the Tazewell County Board of Supervisors announced Tuesday it is allocating $363,000 in federal CARES Act funding to Roanoke-based Carilion Clinic to be used to expand telemedicine and COVID-19 testing, as well as to improve access to primary care and specialty care services. “The […]
Reston telemedicine company goes public
Reston-based telemedicine technology provider SOC Telemed on Monday opened at $10 per share on the Nasdaq stock exchange. The company announced its public offering on Friday following its merger with Healthcare Merger Corp. (HCMC), a special purpose acquisition company. Merger transaction details were not disclosed. “Today marks an important milestone for SOC Telemed in our […]
Reston telemedicine company to go public
Reston-based telemedicine provider SOC Telemed announced Monday it plans to go public through a merger with a “blank check” company, Healthcare Merger Corp. (HCMC) — a transaction that would value SOC at $720 million. The combined company will operate as SOC Telemed and be listed on the Nasdaq. HCMC is a Nasdaq-listed public investment company. […]
Reston’s SOC Telemed names new Chief Medical Officer
Dr. Jason Hallock was named as Reston-based acute-care telemedicine company SOC Telemed’s chief medical officer, the company announced Wednesday. Hallock has more than 20 years of health care experience working in hospital systems. In his new role, he will oversee management of clinical and medical objectives. He most recently worked for US Acute Care Solutions, […]
