Congratulations to our client SOC Telemed, Inc. (Nasdaq: TLMD), the leading national provider of acute telemedicine technology and solutions, on its acquisition of Access Physicians, an experienced multi-specialty acute telemedicine provider. The transaction is valued at approximately $194 million, with additional potential consideration based on performance.
By bringing two market leaders together, this combination furthers SOC Telemed's position as the largest pure-play provider of acute care telemedicine in the nation, supported by Telemed IQ, a scaled, purpose-built, and secure telemedicine platform. With an ability to serve as the single solution provider of acute care telemedicine, the combined company now delivers acute telemedicine to almost 1,000 facilities, including over 700 hospitals, across 47 states.
We previously advised SOC Telemed, Inc. on its
de-SPAC transaction in 2020. The Orrick team advising on the acquisition of Access Physicians includes
Hari Raman,
Bill Hughes,
Steve Malvey,
Jason Flaherty, Mike Weil,
Daniel Yost,
Aravind Swaminathan, Jim Tierney, Diana Gillis,
Ramon Galvan,
Michael Wiesner,
Ken Marx,
Kim Loocke,
Zac Padgett, Thomas Joraanstad,
Sara Gates,
Matthew Coleman,
Taylor Ball,
Matthew Shellenhamer,
Jose Lamarque, Fallon Griffin, Elizabeth Damaskos and Chris Escobar.