The financial terms of the acquisition were not disclosed.
According to the press release, the acquisition of SupDoc will enhance Recuro’s virtual health platform, a curated suite of telehealth solutions that enables consumers to engage with physicians, receive personalized care and monitor their health.
“This acquisition allows us to seamlessly leverage additional capabilities to meet an individual’s healthcare needs. By enabling earlier interventions and more personalized care, our patient-centric digital medical home delivers better outcomes at a lower cost, benefiting consumers, providers, payers, and employers,” said Michael Gorton, CEO and founder of Recuro Health.
According to SupDoc, its AI-enabled platform provides consumers with various options for engaging with their physician and promotes ongoing communication. The platform is also interoperable, allowing data to be easily aggregated across solutions, driving better clinical decision-making.
Michael Brombach, the founder of SupDoc, said, “The combined digital health platform moves beyond traditional telehealth video encounters to support whole-person care. From primary care and behavioral health to screening and genetic testing, Recuro is enhancing the care experience, providing consumers the tools and resources they need to effectively manage their health at any point in time.”
According to Recuro Health, its digital health model utilizes an integrated care team approach, tackling primary care and behavioral health issues with a group of board-certified primary care physicians, psychiatrists, mid-levels, and counselors. The model also offers consumers additional tools to monitor and support their health, including home testing, screening capabilities, and genetic testing.
A total of 63 digital health companies were acquired in Q1 2021, compared to 52 in Q4 2020, according to Mercom’s Q1 2021 Digital Health Funding and M&A Report. Recently, Walmart Health has agreed to acquire MeMD, a multi-specialty telehealth provider. Specialists On Call, a telemedicine solution for acute care, acquired Access Physicians, a multi-specialty acute telemedicine provider, for $194 million.