With Livongo and Teladoc’s merger expected to close in the fourth quarter of this year, the two companies recently announced the combined company leadership team, which won’t include Livongo’s CEO, CFO, president or SVP of business development.
Once the merger closes, Zane Burke, the CEO of Livongo, Lee Shapiro, the CFO of Livongo, Jennifer Schneider, the president of Livongo, and Steve Schwartz...
While the economy has been volatile during the pandemic, digital health companies to strike deals with investors raking in more money than ever before.
"We’ve already surpassed $7.5 billion in funding and are on track for this year to be the biggest funding year yet in terms of US-based digital health companies," Megan Zweig, chief operating officer at Rock Health, said during a fireside chat at...
Last week the digital health world was taken by storm when news broke that virtual health giant Teladoc was set to acquire chronic care management platform Livongo in a whopping $18.5 billion deal.
Livongo has had quite a year in a half. Last July, it went public with a listing price of $28 a share. At the time of the acquisition, each share was valued at roughly $159. Its news has also included...
The MobiHealthNews team members — host Jonah Comstock, Managing Editor Laura Lovett and Associate Editor Dave Muoio — sit down to unpack the major shakeup that hit the digital health markets this week when telemedicine giant Teladoc announced its plan to merge with chronic condition management success story Livongo. We talk details, motivations and implications of this digital health mega-company...
Digital health titans Teladoc Health and Livongo are merging under the Teladoc name. The deal values the 12-year-old digital chronic care-management company Livongo at $18.5 billion.
Teladoc CEO Jason Gorevic is expected to remain at the helm of the soon-to-be joint company, while Livongo’s CEO and founder Glen Tullman will be taking up a seat on the Teladoc board.
Teladoc plans to buy Livongo...
Teladoc Health continues its strong upward trend during its second fiscal quarter, with CEO Jason Gorevic informing investors yesterday that the company had outperformed "all key financial and operation metrics."
Similar to the first quarter, the telehealth company is touting massive year-over-year (YoY) growth in revenue, visit volume and new registrations, as well as the acquisition of several...
Following up on our episode from a few weeks ago, host Jonah Comstock sits down (virtually of course) with Dr. Gustavo Kinrys, medical director and vice president of mental health services at Teladoc Health to discuss findings from a recent survey on COVID-19 and behavioral health, as well as his own experiences seeing patients via telehealth during the pandemic.
Here's a release from Teladoc...
This quarter Dexcom raked in $405 million in revenue, compared to $280.5 million in 2019’s Q1. This represents a 44% increase year over year (YoY), and beats the company's revenue goal by $46.7 million. Dexcom attributes its success to its growing user rate.
The gross profits from Q1 were $258.7 million. However, operating expenses have increased, coming in at $215.4 million in 2020 Q1, versus $...
When Teladoc Health wrapped up its last earnings call in February, the virtual-care company gave its revenue projections a modest bump and said that it was keeping an eye on COVID-19 cases in the event that it would need to scale the capacity of its telehealth network.
Three months later, and Teladoc CEO Jason Gorevic is sharing news of the company's "remarkable growth" across revenue, visit...
Blue Shield of California announced yesterday that it is now waiving out-of-pocket costs for all commercial plan members using Teladoc Health's services until May 31. This includes individual and family plans, as well as those sponsored by an employee.
"As we continue to closely monitor the COVID-19 situation, we believe making telemedicine more readily available is the right thing to do," Dr....
