Teladoc completed its acquisition of Best Doctors, a medical consultation company focused on complex and costly medical issues, July 17.
Best Doctors shareholders will receive $375 million in cash and $65 million in Teladoc common stock, per the companies' definitive agreement June 19.
Teladoc officials said the acquisition — which includes Best Doctors' network of more than 50,000 medical experts — is part of the company's long-term goal to create a central platform for patients to reach an array of remote healthcare services.
"Today we take a tremendous step forward as we continue to deliver on our promise to transform the healthcare experience; to provide an unprecedented, single-point of access for resolution to the widest spectrum of medical conditions, delivered via a virtual platform," said Teladoc CEO Jason Gorevic.