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Acute care telemedicine provider SOC Telemed files for secondary offering

·1 min read
Acute care telemedicine provider SOC Telemed files for secondary offering

SOC Telemed Inc. , 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.