Fabric, formerly known as Florence, continues its acquisition spree, picking up TeamHealth's 50-state virtual care service.
The deal marks Fabric's fourth acquisition in 18 months and adds TeamHealth's virtual care network to expand access and services across the country and 36 million additional lives, according to the company in a press release. Fabric said the acquisition enhances the company's accessible virtual healthcare services to payers, employers and health systems. The deal also expands the company's medical group, executives said.