Acute Care Telemedicine Company SOC Telemed To Go Public After Merging With Healthcare Merger Corp.

On July 29, 2020, SOC Telemed and Healthcare Merger Corp. (HCMC) announced plans to launch a combined company that will operate as SOC Telemed. HCMC is a special purpose acquisition company that exists to help other companies become publicly traded. By merging with HCMC, SOC Telemed intends to become a public company trading on the NASDAQ. The initial enterprise value is estimated at approximately $720 million.

SOC Telemed provides acute telemedicine solutions primarily used by hospitals to provide specialty services to assist on-site care teams. The SOC Telemed solution includes a software platform called Telemed IQ; a panel of . . .