Digital pharmacy provider Truepill has agreed to be acquired for $525 million by Ireland’s LetsGetChecked, Axios has learned from multiple sources. Truepill is a telehealth pioneer, but it’s no longer a unicorn. Only $25 million of the purchase is in cash, the remainder is in stock, although it includes another $200 million in possible earnouts tied to revenue milestones. LetsGetChecked, itself a VC-backed company with Optum Ventures on the cap table, plans to raise around $150 million via a convertible note offering to help finance the deal.
Read the full article: Telehealth Company Truepill Gets Swallowed for $525M //
Source: https://www.axios.com/2024/08/21/truepill-swallowed-525-million-letsgetchecked