Optum targets telehealth provider for $470M acquisition: 5 details. Optum is trying to purchase a virtual therapy provider for $470 million, according to CNBC.
Source: https://twitter.com/anjalilawoffice/status/1255261734773952518
Optum targets telehealth provider for $470M acquisition: 5 details

Optum is trying to purchase a virtual therapy provider for $470 million, according to CNBC.
Four things to know:
1. Optum, which is part of UnitedHealth Group, is in talks with AbleTo, a New York-based telehealth company focused on mental health services. The company is seeing an uptick in users during the COVID-19 pandemic.
2. There are some insurers that cover AbleTo’s main services and it also offers free tools for managing stress and supporting employees, among others.
3. In 2019, Optum Ventures invested in AbleTo. The company’s other investors include Bain Capital Ventures and Aetna.
4. The $470 million transaction values AbleTo at about 10 times forward revenue, according to the report.
Neither company provided comment for the report.
More articles on health IT:
How Tampa General’s team is innovating in COVID-19 treatment
15 digital health, telehealth startups that raised millions in the past 3 months
Partners HealthCare transforms digital workplace platform into COVID-19 communication hub
© Copyright ASC COMMUNICATIONS 2020. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.
Related Posts:
Related posts
Discover Past Posts