When Teladoc first struck an $18.5 billion deal to acquire Livongo last year, experts predicted that it would herald an era of digital health mergers hitherto unseen. So far, that prediction has held up.
For the first three quarters of 2021, Rock Health tracked 216 digital health mergers and acquisitions, outpacing the entirety of last year’s deal count of 146. By comparison, in 2019, there were 113 M&A deals, according to Rock Health.