Welcome to our dedicated page for Teladoc Health news (Ticker: TDOC), a resource for investors and traders seeking the latest updates and insights on Teladoc Health stock.
Teladoc Health, Inc. (NYSE: TDOC) is described as the global leader in virtual care, and the news surrounding the company reflects its focus on virtual urgent care, integrated care programs and financial performance. Company news includes announcements about enhancements to its 24/7 Care service, participation in major healthcare investor conferences, quarterly earnings results and leadership changes.
Recent updates highlight Teladoc Health’s work to expand its flagship 24/7 Care virtual urgent care service. The company has announced new capabilities that allow licensed care providers to treat a broader range of conditions, consult with board-certified specialists during visits, support preventive care using integrated claims and Health Information Exchange data, connect members to additional Teladoc Health programs and in-network providers, and check prescription benefits in real time through its Prism care delivery platform.
Investors and analysts can also find earnings-related news, including quarterly financial results for the Integrated Care and BetterHelp segments, revenue by type and geography, and non-GAAP measures such as adjusted EBITDA. Teladoc Health regularly issues press releases about its financial outlook, cash flow, and capital structure decisions, including the establishment of a senior secured revolving credit facility.
Other news items cover corporate governance and leadership developments, such as executive transitions and Board changes, as well as Teladoc Health’s participation in industry conferences and collaborations with other virtual care technology providers. This news page aggregates these updates so readers can follow Teladoc Health’s operational, strategic and financial developments over time.
Teladoc Health (NYSE: TDOC), a leader in virtual care, announced executives Jason Gorevic and Mala Murthy will present at the William Blair 40th Annual Growth Stock Conference on June 9, 2020, at 1:00 p.m. EDT. The event will feature a live audio webcast and replay accessible through their investor relations website. Teladoc Health focuses on high-quality, cost-effective healthcare solutions, recognized as the top telehealth provider in the J.D. Power 2019 U.S. Telehealth Satisfaction Study. With over 2,400 employees, it operates in 175 countries, improving healthcare access and outcomes globally.
Teladoc Health (NYSE: TDOC) announced a pricing increase for its offering of Convertible Senior Notes to $850 million, up from the previously stated $800 million. The offering, set to close on May 19, 2020, includes an option for initial purchasers to buy an additional $150 million. The estimated net proceeds are about $829 million, intended for exchanging existing debt, working capital, and general corporate purposes. The Notes will bear a 1.25% annual interest, maturing in 2027, and are convertible under certain conditions. The offering is private and not registered under the Securities Act.
Teladoc Health announced its intention to offer $800 million in Convertible Senior Notes due 2027, with an option for an additional $120 million. Proceeds will be used to exchange existing 2022 Convertible Notes for cash and shares, and also for general corporate purposes, including debt repayment and potential acquisitions. The unsecured notes will pay interest semiannually, with various conversion rights structured into the agreement. The offering will comply with Rule 144A of the Securities Act and is aimed at qualified institutional buyers.