Overview of Transaction

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• Founded in 2009, 1.800MD provides specialized telemedicine
  services for individuals, families, employers, and groups through a comprehensive
  platform. Its platform extends beyond traditional telemedicine services to include
  functionality for a variety of non-acute healthcare services such as virtual
  dermatology, lab testing, prescription savings, and behavioral health.

• Also included in the transaction is Imhealthytoday (IHT), a virus intelligence platform
  created in 2020 to address COVID‐19 health and safety issues facing large
  employers and schools. IHT allows clients to deploy state‐of‐the‐art virus intelligence
  tracking services to help manage on‐site permissibility to safeguard against
  infectious diseases. IHT offers the only doctor‐created, data‐driven, end‐to‐end
  solution on the market.

• The Companies agreed to partner with Risk Strategies’ rapidly-growing wholesale
  division, One80 Intermediaries (“One80”). Risk Strategies is a top 20 National
  Insurance Broker headquartered in Boston, MA.

 

Significance of Transaction​

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• The acquisition of the Company will allow One80 to expand its overall suite of
  products and services. The transaction will provide the entire organization an
  expansive toolset that will round out the overall capabilities of RSC in its effort to
  become a “one-stop-shop” for its clients.

• The transaction will provide 1.800MD with countless cross-selling opportunities. The
  platform can be rolled out across the existing RSC client-base, potentially providing
  significant growth from Day 1.

 

Sica | Fletcher's Role

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• Sica | Fletcher was hired to serve as exclusive strategic and financial advisor to
  1.800MD and IHT and explored multiple options for the firm before the Company
  decided to partner with One80.

• The transaction builds on Sica | Fletcher's track record of success with complex
  transactions and key relationships with the most prolific acquirers in the space. While
  the transaction falls outside of the traditional agency/brokerage vertical, the
  successful outcome highlights Sica | Fletcher’s agile strategic approach and refined
  execution expertise.