Virtual care provider Teladoc Health has acquired Paris, France-based telemedicine provider MédecinDirect to offer its full continuum of services to insurers and employers in Europe’s third largest market. Co-founded by François Lescure and Marc Guillemo in 2008, MédecinDirect’s accredited and mobile platform of medical expertise provides secure and completely confidential, doctors are committed to answering all medical questions by telephone and Internet seven days a week.
MédecinDirect Acquisition Benefits for Teladoc
Similar to many countries around the world, France also faces the growing demand for convenient access to high-quality healthcare. Consumer awareness of virtual care is on the rise, and the recent positive regulatory changes regarding virtual care reimbursement make the market ripe for virtual care adoption. With more than 40 leading insurance partners and nearly half of the top 30 private medical insurers (PMIs) in France, MédecinDirect has a well-established client base that can now benefit from access to a much broader spectrum of clinical services.
“With a continued focus on our global expansion, we will now become the market leader in France with the ability to have an immediate impact on healthcare delivery in the country,” stated Carlos Nueno, president, Teladoc Health International. “On the successful foundation built by MédecinDirect, we will bring our full suite of virtual care services to multinational clients who have been eager to expand.”
Acquisition Plans
As part of the acquisition, MédecinDirect will become the French country unit of Teladoc Health, adding to existing operations in the U.K., Australia, Canada, Spain, Portugal, Hungary, China, Chile, and Brazil. Financial terms of the acquisition were not disclosed and is expected to close during the first half of the year.
“We have had great success in the virtual care market, and now together with Teladoc Health we can meet more care needs for more individuals, and ultimately help improve healthcare across the country,” said Francois Lescure, CEO and co-founder, MédecinDirect. “We share Teladoc Health’s vision for what the healthcare experience should be and look forward to transforming how people access healthcare.”
