Best Doctors, Inc.
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Best Doctors, Inc. - overview
Established
1989
Location
Boston, MA, US
Primary Industry
Healthcare
About
Best Doctors, Inc. specializes in providing expert medical consultations and second opinions, enhancing healthcare access and decision-making for patients. Founded in 1989 and headquartered in Boston, US, Best Doctors, Inc. provides expert medical consultations and second opinions.
In July 2017, the company was acquired by Teladoc, Inc. for EUR 393 million. The company has been involved in 6 different deals since its inception, marking significant engagement in the healthcare sector. Best Doctors, Inc.
offers a platform for expert medical consultations, connecting patients with leading specialists to obtain second opinions on diagnoses and treatment plans. Their services are designed to empower individuals and organizations in making informed healthcare decisions, ensuring access to the best possible medical insights. Best Doctors, Inc. generates revenue through its specialized consultation services, which involve direct engagements with patients seeking second opinions.
Clients typically include healthcare organizations and individual patients, who pay fees for access to expert medical evaluations and recommendations. With the recent acquisition by Teladoc, Inc. in July 2017, Best Doctors, Inc. aims to leverage the resources of its parent company to enhance its service offerings.
Plans include the introduction of new medical consultation products and expansion into international markets, targeting regions such as Europe and Asia by 2025. The EUR 393 million from the acquisition will primarily be used to support the development of new services and enhance technology infrastructure.
Current Investors
Nippon Life Insurance Co., Psilos Group, Polaris Partners
Primary Industry
Healthcare
Sub Industries
Consulting Services, Healthcare, Search Engines, Analytics & Performance Software, Conferencing Software
Website
www.bestdoctors.com
Verticals
HealthTech, Mobile Apps
Company Stage
Acquired
Total Amount Raised
Subscriber access only
Best Doctors, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Best Doctors, Inc. | - | ||||||||
| Add-on, Trade Sale | Completed | Rise Health, Inc. | - | ||||||||
| Recapitalisation | Completed | Best Doctors, Inc. | - |
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