Teladoc Health—a telemedicine and virtual healthcare company founded in Dallas but now based in New York—has agreed to buy Dallas-based Catapult Health, a provider of virtual preventive care services, in an all-cash transaction for $65 million.

Teladoc, a global provider in virtual care, said it plans to leverage Catapult Health’s innovative approach to patient-centric at-home diagnostic testing, as well as its high-touch engagement and clinical support model, to complement Teladoc’s suite of integrated solutions. The transaction is expected to close in the first quarter of this year.

“For over a decade, we’ve been helping customers improve health outcomes and bend the cost curve,” Catapult Health Founder and CEO David Michel said in a statement. “Joining forces with Teladoc Health will help us accelerate our impact and advance our shared mission to empower healthier lives.”

Teladoc CEO Chuck Divita said Catapult’s capabilities “will help advance our strategy in meaningful ways—from giving more members access to convenient and impactful wellness and preventative care, to unlocking greater value for our customers.”

“Catapult Health brings an experienced team and a strong culture of innovation, and we’re thrilled to welcome them to Teladoc Health,” Divita added in a statement.

Following the deal’s close, Catapult Health will operate within the Integrated Care segment of Teladoc Health, the company said.

Building on its over 93-million-member base, Teladoc Health said the acquisition supports its integrated care segment strategy, discussed most recently during the company’s presentation at the 43rd Annual J.P. Morgan Healthcare Conference.

Teladoc said that the strategy focuses on four key objectives: grow membership and use of services; leverage clinical strength and product breadth to deepen the impact on healthcare outcomes; expand its international business; and advance its scaled mental health position.

‘Shared mission to empower healthier lives’

The Catapult Health acquisition seeks to advance efforts to improve early detection of health conditions, connect Teladoc Health’s members with high-quality care, and deliver better health outcomes in care management, Teladoc said.

Catapult Health’s at-home wellness exam, VirtualCheckup, enables members to receive a simple kit with everything they need to collect a blood sample, check blood pressure, and provide other health screening information, followed by a virtual visit with a licensed nurse practitioner to discuss test results, review key health risks, and create a personalized health action plan.

Teladoc said that when Catapult Health’s members are assessed with conditions or high-risk factors that require a health action plan, its clinicians will be able to directly enroll eligible members into Teladoc Health’s diabetes, hypertension, pre-diabetes and weight management programs, and seamlessly refer them to Teladoc’s virtual mental health therapists and primary care providers.

Teladoc Health said it also will use Catapult Health’s technology to support new product enhancements, such as providing customers with lab-confirmed A1c values on which to base population enrollment and close gaps in care.

Teladoc Health said the transaction has up to $5 million in additional contingent earnout consideration. Catapult Health’s trailing 12-month revenue was roughly $30 million as of the third quarter of 2024.

Catapult Health said its early years were marked by steady growth and innovation:

• In 2016, Catapult Health secured $10 million in Series B funding.
• Since its founding, Catapult Health has grown significantly:
• It has served over 1 million people working for 3,500 employers.
• The company expanded its clinical laboratory services to all 50 states by 2024.
• Catapult Health’s annual revenue reached $42.5 million by 2025.

Catapult Health was founded in 2010 in Dallas by Michel, who has a background in chemistry/geology and divinity. Michel said he saw an opportunity to address a significant gap in healthcare delivery and said he recognized that only 20% of Americans were receiving preventive care each year, which he viewed as a fundamental problem in the U.S. healthcare system.

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