Teladoc Health Acquires UpLift, Expanding Consumer Access to Mental Health Care Services Through Covered Benefits
Teladoc Health has acquired UpLift, a virtual mental health services provider, in a $30 million all-cash deal with potential additional earnout of $15 million. UpLift, which generated approximately $15 million in revenue in 2024, brings access to over 100 million covered lives through health plan relationships and a network of 1,500+ mental health professionals.
The acquisition enables BetterHelp, Teladoc's consumer therapy division, to accept insurance benefits while expanding mental healthcare accessibility. UpLift will maintain its existing leadership under CEO Kyle Talcott and continue managing its provider network, quality oversight, and insurance administration.
This strategic move strengthens Teladoc's position in virtual mental health services, complementing its Integrated Care segment which delivered nearly one million mental health visits in 2024. The transaction closed on April 30, 2025, with UpLift's results to be included in BetterHelp's reporting segment.
Teladoc Health ha acquisito UpLift, un fornitore di servizi di salute mentale virtuale, con un'operazione interamente in contanti da 30 milioni di dollari, con un possibile earnout aggiuntivo di 15 milioni di dollari. UpLift, che ha generato circa 15 milioni di dollari di ricavi nel 2024, offre accesso a oltre 100 milioni di persone coperte tramite accordi con piani sanitari e una rete di oltre 1.500 professionisti della salute mentale.
L'acquisizione permette a BetterHelp, la divisione di terapia al consumatore di Teladoc, di accettare benefici assicurativi ampliando l'accessibilità alle cure mentali. UpLift manterrà la sua leadership attuale sotto la guida del CEO Kyle Talcott e continuerà a gestire la rete di fornitori, il controllo qualità e l'amministrazione assicurativa.
Questa mossa strategica rafforza la posizione di Teladoc nei servizi di salute mentale virtuale, integrando il segmento Integrated Care che ha erogato quasi un milione di visite di salute mentale nel 2024. La transazione si è conclusa il 30 aprile 2025 e i risultati di UpLift saranno inclusi nel segmento di rendicontazione di BetterHelp.
Teladoc Health ha adquirido UpLift, un proveedor de servicios de salud mental virtual, en una operación totalmente en efectivo por 30 millones de dólares, con un posible pago adicional de 15 millones. UpLift, que generó aproximadamente 15 millones de dólares en ingresos en 2024, ofrece acceso a más de 100 millones de personas cubiertas a través de relaciones con planes de salud y una red de más de 1,500 profesionales de salud mental.
La adquisición permite a BetterHelp, la división de terapia para consumidores de Teladoc, aceptar beneficios de seguros mientras expande el acceso a la atención de salud mental. UpLift mantendrá su liderazgo actual bajo el CEO Kyle Talcott y continuará gestionando su red de proveedores, supervisión de calidad y administración de seguros.
Esta estrategia fortalece la posición de Teladoc en servicios virtuales de salud mental, complementando su segmento de Integrated Care, que realizó casi un millón de visitas de salud mental en 2024. La transacción se cerró el 30 de abril de 2025 y los resultados de UpLift se incluirán en el segmento de informes de BetterHelp.
Teladoc Health가 가상 정신 건강 서비스 제공업체인 UpLift를 3,000만 달러 전액 현금 거래로 인수했으며, 추가로 최대 1,500만 달러의 인센티브가 있을 수 있습니다. UpLift는 2024년에 약 1,500만 달러의 수익을 창출했으며, 건강 보험 플랜과의 관계를 통해 1억 명 이상의 보장 인구와 1,500명 이상의 정신 건강 전문가 네트워크에 접근할 수 있습니다.
이번 인수로 Teladoc의 소비자 치료 부문인 BetterHelp는 보험 혜택을 수용할 수 있게 되어 정신 건강 관리 접근성을 확대합니다. UpLift는 CEO Kyle Talcott의 기존 리더십 하에 유지되며, 공급자 네트워크 관리, 품질 감독, 보험 행정을 계속 담당할 예정입니다.
이 전략적 조치는 Teladoc의 가상 정신 건강 서비스 분야에서의 입지를 강화하며, 2024년에 거의 100만 건의 정신 건강 방문을 기록한 통합 케어 부문을 보완합니다. 거래는 2025년 4월 30일에 완료되었으며, UpLift의 실적은 BetterHelp 보고 부문에 포함됩니다.
Teladoc Health a acquis UpLift, un fournisseur de services de santé mentale virtuelle, dans le cadre d'une transaction entièrement en espèces de 30 millions de dollars, avec un complément possible de 15 millions en fonction des résultats. UpLift, qui a généré environ 15 millions de dollars de revenus en 2024, offre un accès à plus de 100 millions de personnes couvertes grâce à ses relations avec des régimes de santé et un réseau de plus de 1 500 professionnels de la santé mentale.
Cette acquisition permet à BetterHelp, la division thérapie grand public de Teladoc, d'accepter les prestations d'assurance tout en élargissant l'accès aux soins de santé mentale. UpLift conservera sa direction actuelle sous la direction du CEO Kyle Talcott et continuera de gérer son réseau de prestataires, la supervision de la qualité et l'administration des assurances.
Cette démarche stratégique renforce la position de Teladoc dans les services de santé mentale virtuelle, en complément de son segment Integrated Care qui a réalisé près d'un million de consultations en santé mentale en 2024. La transaction a été finalisée le 30 avril 2025, et les résultats d'UpLift seront intégrés dans le segment de reporting de BetterHelp.
Teladoc Health hat UpLift, einen Anbieter virtueller psychischer Gesundheitsdienste, in einem vollständig bar bezahlten Deal über 30 Millionen US-Dollar mit einer möglichen zusätzlichen Earnout-Zahlung von 15 Millionen US-Dollar übernommen. UpLift erzielte im Jahr 2024 einen Umsatz von etwa 15 Millionen US-Dollar und bietet Zugang zu über 100 Millionen versicherten Personen durch Beziehungen zu Krankenkassen sowie ein Netzwerk von über 1.500 Fachkräften im Bereich psychische Gesundheit.
Die Übernahme ermöglicht es BetterHelp, der Verbrauchertherapie-Sparte von Teladoc, Versicherungsleistungen zu akzeptieren und gleichzeitig den Zugang zur psychischen Gesundheitsversorgung zu erweitern. UpLift wird unter der Führung des CEO Kyle Talcott weitergeführt und verwaltet weiterhin sein Anbieternetzwerk, die Qualitätskontrolle und die Versicherungsadministration.
Dieser strategische Schritt stärkt Teladocs Position im Bereich der virtuellen psychischen Gesundheitsdienste und ergänzt das Segment Integrated Care, das im Jahr 2024 fast eine Million psychische Gesundheitsbesuche verzeichnete. Die Transaktion wurde am 30. April 2025 abgeschlossen, und die Ergebnisse von UpLift werden im Berichtssegment von BetterHelp ausgewiesen.
- Acquisition provides access to over 100M covered lives through health plan relationships
- Integration enables BetterHelp users to access insurance benefits coverage
- UpLift brings network of 1,500+ mental health professionals
- Teladoc completed nearly 1M mental health visits in 2024
- Relatively low acquisition cost of $30M with $15M potential earnout
- UpLift's existing revenue stream of $15M (2024)
- All-cash transaction impacts cash reserves
- Small revenue contribution relative to Teladoc's size
- Integration risks with existing BetterHelp operations
Acquisition Broadens Access to Virtual Mental Health Services with In-Network Health Plan Relationships Representing More Than 100 Million Covered Lives
PURCHASE, NY, April 30, 2025 (GLOBE NEWSWIRE) -- Teladoc Health (NYSE: TDOC), the global leader in virtual care, today announced it has acquired UpLift, an innovative and tech-enabled provider of virtual mental health therapy, psychiatry and medication management services.
The acquisition supports the company’s strategy to further enhance its leadership position in virtual mental health, including the ability for consumers served by its BetterHelp segment to access benefits coverage for mental health services. UpLift serves the health plan market and has arrangements covering over 100 million lives, a network of over 1,500 mental health professionals, important capabilities and a talented team.
BetterHelp, as the largest consumer-oriented virtual therapy business of its kind, will leverage its market-differentiated experience and activation capabilities to provide consumers the ability to access their insurance coverage benefits through its relationship with UpLift. Therapists serving BetterHelp will also have an opportunity to be considered for inclusion in the benefits coverage network, based on the respective requirements, needs and interests.
"BetterHelp was founded to remove the traditional barriers to therapy and make mental health care more accessible to everyone,” said Fernando Madeira, president of BetterHelp. “We believe joining forces with UpLift will help us advance that mission — especially for those seeking to use their coverage benefits — while also driving topline revenue growth that will help sustain and expand our impact over time."
“Teladoc Health is uniquely positioned to help us accelerate the impact of our mission,” said Kyle Talcott, founder and CEO of UpLift. “We are proud of our ability to help health plans expand access for their members to high quality, affordable mental healthcare with leading patient outcomes. We couldn’t be more excited and confident that our health plan partners, patients and providers will greatly benefit from the scale and expanded capabilities that this partnership brings to them.”
In addition to BetterHelp, Teladoc Health’s Integrated Care segment offers a range of digital tools, coaching, therapy, and psychiatry services for employers and health plans, and completed nearly a million mental health visits in 2024.
UpLift will continue to be led by its existing CEO, Kyle Talcott, and continue to serve the marketplace, with ongoing responsibility for its provider network management, quality and patient outcome oversight and the acceptance and administration of insurance coverage.
Teladoc Health acquired UpLift in an all-cash transaction for
About Teladoc Health
Teladoc Health empowers all people everywhere to live their healthiest lives by transforming the healthcare experience. As the world leader in virtual care, Teladoc Health uses proprietary health signals and personalized interactions to drive better health outcomes across the full continuum of care, at every stage in a person’s health journey. Teladoc Health leverages more than two decades of expertise and data-driven insights to meet the growing virtual care needs of consumers and healthcare professionals. For more information, please visit www.teladochealth.com.
Cautionary Note Regarding Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as: “anticipate,” “intend,” “plan,” “believe,” “project,” “estimate,” “expect,” “may,” “should,” “will” and similar references to future periods. Examples of forward-looking statements include, among others, the expected effects of the transaction (including projected financial information and future opportunities) and any other statements regarding Teladoc Health’s and UpLift’s future expectations. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions.
Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, Teladoc Health’s ability to achieve the benefits from the proposed transaction; Teladoc Health’s ability to effectively integrate acquired operations into its own operations; the ability of Teladoc Health or UpLift to retain and hire key personnel; unknown liabilities; and the diversion of management time on transaction-related issues. Other important factors that could cause actual results to differ materially from those in the forward-looking statements include: (i) changes in laws and regulations applicable to our business model; (ii) changes in market conditions and receptivity to our services and offerings, including our ability to effectively compete; (iii) results of litigation or regulatory actions; (iv) the loss of one or more key clients or the loss of a significant number of members or BetterHelp paying users; (v) changes in valuations or useful lives of our assets; (vi) changes to our abilities to recruit and retain qualified providers into our network; (vii) the impact of and risk related to impairment losses with respect to goodwill or other assets; (viii) the success of our operational review of the company to achieve a more balanced approach to growth and margin and (ix) imposed and threatened tariffs by the United States and its trading partners, and any resulting disruptions or inefficiencies in our supply chain. For a detailed discussion of the risk factors that could affect our actual results, please refer to the risk factors identified in our SEC reports, including, but not limited to, our Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, as filed with the SEC.
Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.
Investors:
Michael Minchak
617-444-9612
ir@teladochealth.com
Media:
Lou Serio
202-569-9715
PR@teladochealth.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/74a5cfaa-fc6c-4296-895a-e33b2723f29f
FAQ
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