The $100 million deal between Transcarent and 98point6 is expected to close March 31 and is a combination of equity and cash, said Glen Tullman, CEO of Transcarent. Through the acquisition, Transcarent will gain access to 98point6's AI-powered text-based technology, affiliated provider group and client base.
98point6 is a Washington-based AI-powered telehealth platform that offers solutions such as text-based on-demand virtual primary care and behavioral health for individuals.