Bon Secours Mercy Health invests in telemedicine company SOC Telemed’s deal to go public

Cincinnati-based Bon Secours Mercy Health dedicated to making a personal financial investment in business combination that will make telemedicine supplier SOC Telemed public..

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” Bon Secours Mercy Health is devoted to the consistent improvement of our clinical operations to guarantee we provide the very best take care of our residents and clients,” BSMH Chief Care Delivery Officer Rebecca Lenz stated in an Oct. 23 news release. “This strategic financial investment supports our health systems work in reimagining our care delivery model focused around providing high value, quality care of which telemedicine is an important part.”.

SOC Telemed and Healthcare Merger Corp. revealed the deal in July; the combined company will operate as SOC Telemed and be noted on the Nasdaq Stock Market with the initial worth of around $720 million..

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The health systems private financial investment will be on the exact same terms as previous dedications from particular investors for $165 million in typical stock of the combined company. Under the deal, SOC Telemed will integrate with Healthcare Merger Corp., a public financial investment company..

Jackie Drees –
Monday, October 26th, 2020