Acute telemedicine provider SOC Telemed on Aug. 20 acquired behavioral health telemedicine company JSA Health in a deal that makes SOC Telemed the nation's largest acute telepsychiatry provider.
Terms of the deal were not disclosed by SOC Telemed, but a news release from the company stated that the acquisition allows it to expand its telepsychiatry offerings to more than 450 hospitals and health systems nationwide.
"JSA achieved a strong foothold in the telepsychiatry industry, but as a single specialty practice the company sought scalability that SOC Telemed supports with its proven platform and continued investments in innovation," said Hammad Shah, CEO of SOC Telemed. "This acquisition enables growth for JSA Health — allowing the combined entity broader reach across the nation in areas experiencing detrimental shortages of psychiatrists."
Avrim Fishkind, MD, founder and CEO of JSA, will now serve in the newly created position of general manager of behavioral health services at SOC Telemed.
"Joining forces with SOC Telemed allows us to achieve our vision of providing access to expedited treatment in settings where it might not otherwise be possible," Dr. Fishkind said.