Fabric Makes Fourth Acquisition in 18 Months, Now Covers Over 100 Million Lives

The acquisition of TeamHealth's Virtual Care Network expands access and services across all 50 states and 36 million additional lives. Fabric now serves over 75 health systems, 30,000 employers, and 100 million covered lives. NEW YORK , Sept.

17, 2024 /PRNewswire/ -- Fabric , a leading healthcare technology company, today announced the acquisition of TeamHealth VirtualCare, a virtual care provider licensed in all 50 states and part of TeamHealth , the leading physician practice group in the United States with more than 14,000 clinicians. This acquisition marks Fabric's fourth in 18 months and enhances Fabric's commitment to delivering high-quality, accessible virtual healthcare services to payers, employers, and health systems. "This strategic addition expands our reach across payers, employers, and provider organizations," said Aniq Rahman , CEO and founder of Fabric.

"In conjunction with the acquisition of TeamHealth's virtual care service line, we are now expanding our medical group with additional highly skilled physicians and advanced practice providers with multi-specialty experience, including cardiology, sports medicine, OB/GYN, family medicine, and emergency medicine. Our versatile technology suite and expanded provider network advance our mission to deliver boundless care across client initiatives and clinical business lines." Moving forward, Fabric and TeamHealth will collaborate on projects leveraging Fabric's technology to drive efficiency and patient access.

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