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Fabric acquires TeamHealth VirtualCare to enhance virtual healthcare services

PRIVATESep 17, 2024

Acquiring Company

Fabric

Acquired Company

TeamHealth

New YorkKnoxvilleHealth CareHospitalityhospital & health careHealth Care

Description

Fabric, a leading healthcare technology company, has announced the acquisition of TeamHealth VirtualCare. This strategic addition expands Fabric's reach across payers, employers, and provider organizations, advancing its mission to deliver high-quality, accessible virtual healthcare services to a wide range of clients.

Quick answer

Fabric is acquiring TeamHealth, announced September 17, 2024. Fabric is based in New York, New York, United States.

How much did Fabric pay for TeamHealth?
The deal value was not disclosed.
What does Fabric do?
Fabric provides consumer-grade care experiences that drive better outcomes and savings for health systems, employers, brokers, and health plans alike.
Where are Fabric and TeamHealth based?
Fabric is based in New York, New York, United States. TeamHealth is based in Knoxville, Tennessee, United States.
Who are the decision-makers at Fabric?
Fundz holds 4 contacts at Fabric. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Other recent acquisitions in Hospitality and hospital & health care

Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.

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Company Information

Company

Fabric

Location

295 Lafayette St

New York, New York, United States

About

Fabric provides consumer-grade care experiences that drive better outcomes and savings for health systems, employers, brokers, and health plans alike. By streamlining workflows and decision-making, we're building smarter, more connected care experiences for healthier communities. Fabric’s end-to-end Care Enablement System simplifies, automates, and unifies care experiences—delivering seamless interactions, reducing care costs, and powering faster, higher-quality care at the moment of need. Fabric’s Virtual Care Services are your member’s first stop to get the right care for their health, their wallets, and your bottom line.

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Related People

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Jillian
Senior decision-maker at this company
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Frequently asked

Who acquired TeamHealth?

TeamHealth was acquired by Fabric, based in New York. The deal was reported on September 17, 2024. Fabric provides consumer-grade care experiences that drive better outcomes and savings for health systems, employers, brokers, and health plans alike. Fabric is privately held and operates in Health Care.

When did Fabric acquire TeamHealth?

Fabric's acquisition of TeamHealth was reported on September 17, 2024. Fabric, a leading healthcare technology company, has announced the acquisition of TeamHealth VirtualCare. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does TeamHealth do?

TeamHealth VirtualCare, part of TeamHealth, is a virtual care network that provides on-demand medical and behavioral health services to millions of members nationwide. It is privately held, operating in Health Care, and is based in Knoxville.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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