Teledoc bids $125 million for HealthiestYou

From Modern Healthcare:

Telemedicine services provider Teladoc has agreed to acquire mobile-app-based physician locator HealthiestYou using borrowed money and stock in a deal valued at $125 million, Teladoc has announced.

Purchase terms cited in a news release list a cash component of $45 million, “funded in its entirety with Teledocs’ recently expanded back facility,” and 6.96 million shares of the its publicly traded common stock valued at $80 million, based on the average closing price over a 60-trading-day period ending June 27, or about $11.49 per share.

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