Healthcare investment firm Patient Square Capital plans to take SOC Telemed private in a deal that values the company at roughly $304.2 million.
Under terms of the buyout deal, shareholders of SOC Telemed, an acute care telemedicine company, will receive $3 per share of Class A common stock in cash which is a premium of 366% above Wednesday’s closing price of 64 cents. The per-share purchase price also represents a 93.1% premium to SOC Telemed’s 60-day volume-weighted average price through Feb. 2.
