Teladoc Health Inc Stock Price, News & Analysis

Teladoc Health has finalized its merger with Livongo, creating a dominant force in whole-person virtual care. This strategic combination allows the company to offer comprehensive health solutions, serving consumers and healthcare providers through advanced analytics and technology. CEO Jason Gorevic emphasized the merger's potential to enhance health outcomes. Livongo shareholders will receive 0.5920x shares of Teladoc and $11.33 cash per share. The merger was completed in under three months, following the announcement on August 5.

Teladoc Health (TDOC) received overwhelming approval from shareholders for its merger with Livongo (LVGO), with over 99% voting in favor of the charter amendment and share issuance. This decision, confirmed during a Special Meeting, paves the way for Teladoc to enhance its virtual healthcare capabilities. The merger aims to integrate data insights and personalized support for improved health outcomes. Teladoc’s CEO expressed enthusiasm over this transformative opportunity and its potential to deliver whole-person health.

Teladoc Health reported impressive financial results for Q3 2020, with revenue surging 109% year-over-year to $288.8 million, and total visits increasing 206% to 2.8 million. For the first nine months, revenue grew 79% to $710.6 million. The company raised its full-year guidance, expecting total revenue of $1,005 million to $1,015 million. Despite a net loss of $(35.9) million, excluding merger-related costs, adjusted EBITDA reached $39.5 million. Strong growth in memberships and partnerships with firms like Johns Hopkins bolster future prospects.

Teladoc Health (NYSE: TDOC) has received the endorsed partner distinction from the National Labor Alliance of Health Care Coalitions (NLA), allowing access to an expanded suite of virtual care services for six million members across the U.S. This partnership builds on a previous collaboration that began in 2016, enhancing offerings such as dermatology and mental health services. The NLA's endorsement reinforces Teladoc's reputation as a trusted leader in virtual care, aiming to improve healthcare access and reduce costs for complex medical conditions.

Teladoc Health (NYSE: TDOC) will announce its third-quarter 2020 results on October 28, 2020, after market close. A conference call to discuss the results will take place at 4:30 p.m. E.T. on the same day. Participants can register for the call in advance, and it will also be accessible via a live audio webcast. Teladoc Health, recognized as a leader in virtual care, facilitates millions of medical visits annually across 175 countries. The company is known for leveraging extensive expertise to meet the increased demand for virtual healthcare services.

Teladoc Health (TDOC) is offering free, 24/7 telehealth services to individuals affected by Hurricane Sally in Alabama, Florida, Georgia, and the Carolinas. This initiative aims to provide essential medical support during natural disasters, especially amid the ongoing pandemic. Patients can connect with board-certified physicians for non-emergency illnesses, including COVID-19 screenings. Teladoc's virtual care services are recognized for enhancing community health access during critical times, emphasizing the company's commitment to patient care.

Teladoc Health (TDOC) and Livongo have filed a definitive proxy statement regarding their proposed merger, with stockholder meetings scheduled for October 29, 2020. The merger terms include an exchange rate of 0.5920 shares of Teladoc for each Livongo share, plus a cash payment of $4.24. Livongo will also pay a $7.09 cash dividend prior to closing. The merger is projected to yield $100 million in revenue synergies by 2022 and $500 million by 2025. Approval from both companies’ stockholders is required to finalize the transaction by the end of Q4 2020.

Teladoc Health (NYSE: TDOC) announced participation in two upcoming investor conferences. Executives will present at the Wells Fargo Securities Healthcare Conference on September 10 at 8:00 a.m. Eastern, and at the Morgan Stanley 18th Annual Global Healthcare Conference on September 16 at 9:30 a.m. Eastern. A live audio webcast will be available for both events. As a leader in virtual care, Teladoc Health provides millions of medical visits annually, highlighting its significant role in transforming healthcare access globally.

Teladoc Health (NYSE: TDOC) is offering free 24/7 telehealth visits for residents and first responders impacted by Hurricane Laura, which threatens Texas and Louisiana. Those displaced or unable to access medical care can seek consultation with licensed physicians via a dedicated hotline. With the ongoing COVID-19 pandemic, Teladoc emphasizes the importance of virtual care amid heightened healthcare challenges. Dr. Lewis Levy, the company's chief medical officer, reaffirms that virtual care can effectively address common conditions during such crises.