Acquiring Company
Teladoc Health
Acquired Company
UpLift
PurchaseTampaHealth CareHealth CareDescription
Teladoc Health has acquired UpLift for $30 million in cash to strengthen its struggling BetterHelp unit. This acquisition is aimed at enhancing Teladoc's mental health segment amid recent revenue challenges. UpLift generated around $15 million in revenue last year, supporting Teladoc's mission to improve mental health care accessibility.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed