Teladoc Health and Livongo merge in an $18.5 billion deal
Telemedicine provider Teladoc Health and diabetes coaching company Livongo have agreed to merge in an $18.5 billion deal that will create the first true health tech giant in an era in which demand for virtual care is surging.
The merger agreement, announced on Wednesday morning, is expected to create a combined company on track to bring in $1.3 billion in revenue this year, up 85% over last year. Jason Gorevic, currently Teladoc’s CEO, will be the CEO of the newly combined company, which will be called Teladoc. The transaction is expected to close by the end of this year, pending approval of regulators and shareholders.
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