August 5, 2020
Teladoc Health and Livongo Merge to Create New Standard in Global Healthcare Delivery, Access and Experience
The only consumer centered virtual care platform for full spectrum of health needs to address accelerating consumer and client demand
Combination of highly complementary leaders in virtual care and chronic condition management uniquely positioned to unlock the full potential of virtual care
New high-quality care delivery model creates new category of solutions focused on delivering unrivaled whole-person care for better health outcomes at lower cost
Significant quantifiable revenue expansion opportunities increase shareholder value as two of the fastest-growing companies in healthcare technology combine PURCHASE, NY and MOUNTAIN VIEW, Calif., Aug. 05, 2020 (GLOBE NEWSWIRE) - Teladoc Health (TDOC), the global leader in virtual care, and Livongo (LVGO), the leading Applied Health Signals company – today announced that they have entered into a definitive merger agreement. This merger represents a transformational opportunity to improve the delivery, access and...
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July 29, 2020
Teladoc Health Reports Second-Quarter 2020 Results
Year-over-year Q2 revenue grows 85% to $241.0 million and total visits increase 203% to 2.8 million Year-over-year six months revenue grows 63% to $421.8 million and total visits increase 144% to 4.8 million Issues 2020 third-quarter guidance, raises full-year expectations, and provides preliminary 2021 revenue growth outlook PURCHASE, NY, July 29, 2020 (GLOBE NEWSWIRE) - Teladoc Health, Inc. (NYSE: TDOC), the global leader in virtual care, today reported strong financial results for the quarter ending June 30, 2020, citing sustained momentum across its diversified portfolio. In its U.S. market, the brief period of national COVID-19 containment in late May and early June provided visibility into continuing demand for virtual care, with utilization stabilizing at a level 40 percent higher than before COVID. Greater awareness and acceptance of virtual care, in addition to continued lower cost sharing, are helping to drive this sustained growth. Demand for specialty care including...
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