Tuesday, Sep 10, 2013
FOR IMMEDIATE RELEASE
Jackson Walker Represents Teladoc in Strategic Acquisition, Financing Deal
Jackson Walker L.L.P. successfully represented Teladoc, Inc. in its recent acquisition of Consult A Doctor in a deal that was announced on Sept. 4, 2013. The firm also assisted Teladoc in closing on approximately $15 million in Series E financing.
Dallas–based Teladoc is the nation's first and largest telehealth provider. With more than 6 million members, Teladoc gives patients access to its national network of board–certified and state–licensed physicians for consultations via phone or secure online video. Based in Miami Beach, Fla., Consult A Doctor was founded in 2007 to serve individuals and employees of small– to medium–size businesses. The strategic acquisition of Consult A Doctor will enable Teladoc to expand its offerings to new market segments.
In the financing transaction, Teladoc received an investment of approximately $15 million through the sale of shares of Series E stock.
A Jackson Walker team including Jim Ryan, Alden Crow, and Shakeeb Mir worked with Paul Squire, Teladoc's general counsel, to represent Teladoc in the transactions, which demonstrate the firm's depth of experience representing clients in the full range of M&A and Capital Markets deals.
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