Teladoc Inks $18.5 Billion Mega-Deal for Livongo

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ARTICLE SUMMARY:

In the largest deal of its kind thus far, telehealth provider Teladoc plans to merge with remote chronic care company Livongo, creating a digital health heavyweight with widespread implications for the US virtual care industry.

For companies in the telehealth and remote monitoring markets, the pandemic-driven push to embrace virtual care models is nothing short of a game-changer. Teladoc Health Inc., one of the largest public traded telehealth providers, reported in late July that it facilitated 2.8 million virtual doctor visits in Q2 2020, which is more than triple the number of visits during Q2 2019.

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