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May 18, 2021, 2:32 p.m. EDT · CORRECTED

Acute care telemedicine provider SOC Telemed files for secondary offering

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By Ciara Linnane

TLMD

An earlier version of this report incorrectly said it was an initial public offering. It is a secondary offering and has been corrected.

SOC Telemed Inc. /zigman2/quotes/216212710/composite TLMD +1.33% , a provider of acute care telemedicine services and technology to U.S. hospitals and healthcare systems, filed for a secondary offering on Tuesday. Credit Suisse, William Blair and Guggenheim Securities are underwriting the deal. Proceeds will be used to repay debt and for general corporate purposes. "We provide technology-enabled clinical solutions, which include acute teleNeurology, telePsychiatry, teleCritical Care (ICU), telePulmonology, teleCardiology, teleInfectious Disease, teleMaternal-Fetal Medicine, teleNephrology, teleEndocrinology and other specialties," the company says in its filing documents. It had a pro forma loss of $16.7 million in the three months through March and revenue of $22.8 million.

/zigman2/quotes/216212710/composite
US : U.S.: Nasdaq
$ 6.08
+0.08 +1.33%
Volume: 2.19M
June 18, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$599.12 million
Rev. per Employee
$256,615
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