digital health M&A
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The two companies will unite under the new Nox Health name.
The hefty price tag will allow Teladoc Health to deliver single, unified virtual care offering "across all sites of care."
Flaner's newly acquired employees will be housed in a new "Tech Hub" the Brazil-grown unicorn will be establishing in Lisbon.
Both groups will be maintaining their names and brandings throughout the integration.
The acquisition will include Biovotions' wearables, patents, staff, partners and clients.
This is the company's second platform-focused expansion within the last year.
The company helps patients prepare for appointments through texts, emails, phone calls and paper mailing.
$4.2 billion has already been invested into startups this year, according to Rock Health.
The online patient community portal will now be incorporated into UnitedHealth Group's research arm, which is focused on health innovation and improvement.