The Truth is Powerful
Doctor on Demand merges with Grand Rounds to form new virtual health care company
(Photo by Klaus Vedfelt/Getty Images) Telehealth provider Doctor on Demand announced its plans to merge with clinical navigation platform Grand Rounds to form a new integrated virtual health company. The terms of the deal were not disclosed, but the companies have shared that it is expected to close in the first half of 2021.
This news comes less than a year after Grand Rounds landed a whopping $175 million in funding to fuel clinical navigation and virtual primary care development, and Doctor on Demand scored $75 million in Series C funding .
The combined entity will use Grand Round’s clinical navigation and patient advocacy tools and Doctor on Demand’s telehealth offering. Specifically, the new company will be focused on primary care, specialty care, chronic care management and behavioral health.
Grand Rounds’ CEO Owen Tripp will continue now be the CEO of the combined company.
WHY IT MATTERS
Digital health M&As have been booming since the start of 2021. At the end of February, Doctor on Demand competitor MDLive announced that it was set to be acquired by Cigna’s health service subsidiary Evernorth . This new M&A is pitching a way to offer a more integrated model of care.“No one has done this […]