SOC Telemed Inc.
TLMD,
-4.23%,
a provider of acute care telemedicine services and technology to U.S. hospitals and healthcare systems, filed for an initial public offering on Tuesday with plans to list on Nasdaq under the ticker symbol "TLMD." Credit Suisse, William Blair and Guggenheim Securities are underwriting the deal. Proceeds will be used to repay debt and for general corporate purposes. "We provide technology-enabled clinical solutions, which include acute teleNeurology, telePsychiatry, teleCritical Care (ICU), telePulmonology, teleCardiology, teleInfectious Disease, teleMaternal-Fetal Medicine, teleNephrology, teleEndocrinology and other specialties," the company says in its filing documents. It had a pro forma loss of $16.7 million in the three months through March and revenue of $22.8 million.