Teladoc closed a $25 million term loan and a $25 million revolving line of credit agreement with Silicon Valley Bank. This agreement provides up to $50 million of new capital to be used for general corporate purposes.

“Teladoc and SVB have been partners for over five years. Our partnership has been forged between the people at both companies who have worked tirelessly to provide Teladoc with the opportunity to pursue a number of transactions in a very flexible and efficient manner,” said Mark Hirschhorn, chief financial officer of Teladoc.

“We’re pleased to support Teladoc during this exciting time in the company’s growth,” said Katherine Andersen, managing director of Silicon Valley Bank. “Teladoc is driving important advancements to telehealth services and the acquisition of HealthiestYou will allow them to further cultivate and expand their portfolio of solutions. Our objective is to provide the Teladoc team with the right financing and connections to facilitate their continued success.”