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 a global leader in whole-person virtual care, pioneering the transformation of the healthcare experience through its innovative telehealth platform. The company offers on-demand healthcare services via mobile devices, the internet, video, and phone, ensuring accessible and personalized medical care for everyone, everywhere.
Founded with a vision to empower individuals to live their healthiest lives, Teladoc Health utilizes proprietary health signals and data-driven insights to deliver superior health outcomes across the full continuum of care. This approach spans every stage of a person's health journey, from preventive care to chronic condition management.
The company operates primarily in two segments: Health Integrated Care and BetterHelp. The Health Integrated Care segment focuses on providing comprehensive healthcare services, while BetterHelp offers tailored mental health support. Revenue is generated predominantly through access fees on a subscription basis, complemented by visit fees and equipment rental and sales to hospital systems.
Teladoc Health has forged strategic partnerships with employers, health plans, and health systems, extending its network to millions of members globally. The company has also broadened its reach by marketing directly to consumers and continuously expanding its service offerings.
In recent years, Teladoc Health has been recognized for its excellence, including being ranked best in KLAS for Virtual Care Platforms in 2020. The company's robust financial performance is highlighted by an 8% revenue growth to $2,602.4 million in 2023 and a significant rise in adjusted EBITDA by 33% to $328.1 million. The company continues to innovate with integrated app experiences and provider-based chronic condition management, setting itself apart in the marketplace.
Noteworthy recent achievements include a new Comprehensive Weight Management solution designed to combat obesity-related health issues through a holistic approach that integrates medical, wellness, and technological support.
With a steadfast commitment to delivering world-class healthcare and expanding its offerings, Teladoc Health remains a pivotal player in the virtual care landscape, driving better health outcomes and improved quality of life for its users worldwide.
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.
Teladoc Health (NYSE: TDOC) is offering free, 24/7 telehealth visits for residents and first responders affected by the recent wildfires in California, Oregon, and Colorado. Those unable to access medical care can consult licensed physicians for non-emergency illnesses by calling 855-225-5032. The service aims to provide immediate care during a critical time compounded by the COVID-19 pandemic. Dr. Lewis Levy emphasized the importance of virtual care in supporting community health amid natural disasters.
Teladoc Health (NYSE: TDOC), a leader in virtual care, announced its participation in the KeyBanc Capital Markets Future of Technology Series on August 27, 2020, at 10:00 a.m. EDT. Executives from Teladoc will join those from Livongo for a live audio webcast, which will be accessible for replay. The company, recognized for transforming healthcare access, delivers millions of medical visits annually across 175 countries. Ranked #1 in the J.D. Power Telehealth Satisfaction Study and Best in KLAS for 2020, Teladoc Health meets the growing needs of healthcare consumers and providers.
Teladoc Health (NYSE: TDOC) will participate in the Canaccord Genuity 40th Annual Growth Conference on August 13, 2020, at 8:30 a.m. EDT. CEO Jason Gorevic and CFO Mala Murthy will join Zane Burke of Livongo for the event. A live audio webcast and replay will be accessible online. Teladoc Health is a leader in virtual care, offering millions of medical visits globally across 175 countries. It has been recognized for patient satisfaction and KLAS rankings in virtual care platforms, showcasing its growth and commitment to enhancing healthcare access.
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