Home » News » Currently Reading:

Teladoc To Acquire Livongo for $18.5 Billion

August 5, 2020 News 4 Comments

image 

Virtual care provider Teladoc Health will acquire chronic condition management app vendor Livongo in a deal that values the company $18.5 billion, the companies announced this morning.

The announcement characterized the transaction as a merger, but the deal is structured as an acquisition. The combined companies will operate under the Teladoc name, Teladoc CEO Jason Gorevic will continue in that role, and Teladoc’s board chair will also remain in that role.

The share price of both companies dropped sharply midday Wednesday following the announcement. Both have seen their shares run up by multiples so far in 2020.

The companies expect their combined revenue to reach $1.3 billion in 2020. Teladoc just reported Q2 revenue of $241 million, up 85% as virtual visits increased by 203%.

Neither company has ever booked a quarterly profit. Teladoc went public in 2015, Livongo in 2019.



HIStalk Featured Sponsors

     

Currently there are "4 comments" on this Article:

  1. No quarterly profit ever, and an 18.5 billion price tag… Is there that much waste reduction in the US healthcare non-system to account for such strange valuation?

  2. Mr. Tullman & Mr. Shapiro poised to cash out (again). As has been proven with Allscripts and now here, it’s easier to raise money for a startup than it is to actually run a company.

Text Ads


RECENT COMMENTS

  1. Giving a patient medications in the ER, having them pop positive on a test, and then withholding further medications because…

  2. Apple legacy? Seems I heard that before. Say around 1997. Jobs put out a 15 min video where a guy…

  3. Cmon, publishing and writing about an Only Fans and TikTok user is tabloid news. Its junk news, not up to…

  4. "Healthcare startup Particle Health has been battling electronic health records giant Epic Systems all year. Now, the startup just raised…

  5. I'd never heard of Healwell before and took a look over their offerings. Has anyone used the products? Beyond the…

Founding Sponsors


 

Platinum Sponsors


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gold Sponsors


 

 

 

 

 

 

 

 

RSS Webinars

  • An error has occurred, which probably means the feed is down. Try again later.