August 13, 2015
In Teladoc's first earnings call as a publicly traded company, CEO Jason Gorevic and CFO Mark Hirschhorn reported positive earnings figures, were upfront about the costs of ongoing lawsuits, and even talked a little about future plans.
The telemedicine company made $18.3 million in the second quarter, an increase of 78 percent from Q2 2014. Subscription fees, paid to Teladoc by employee and...
July 14, 2015
New York City-based Pager, which offers an app consumers can use to request in-person physician house calls, raised $14 million from New Enterprise Associates (NEA) and Sound Ventures, which was founded by Ashton Kutcher. Existing investors Goodwater Capital, Lux Capital, and Montage Ventures also participated.
This brings the company's total funding to $24 million to date, it confirmed to...
July 1, 2015
Dallas, Texas-based video visits telehealth company Teladoc has raised $156.8 million in its IPO and is set to begin trading under the symbol "TDOC" on the New York Stock Exchange today. At the last minute the company increased both the price of its shares to $19 and the number of shares it was selling to 8.3 million.
In the company's previous filing, Teladoc priced its shares between $15 and $17...
June 30, 2015
The American Academy of Pediatrics has issued a policy statement on telemedicine, coming out in favor of better reimbursement and regulatory support for telemedicine, but against direct-to-consumer telemedicine offerings like Teladoc.
“Although quality telemedicine care promises to increase access to pediatric medical subspecialty and surgical specialty care for patients in underserved urban and...
June 24, 2015
Medical video consultations and visits will increase from 19.7 million annually in 2014 to 158.4 million per year by 2020, according to a new report from Tractica. The figure includes both doctor to doctor consultations as well as patient to doctor video visits.
The research firm predicts that although clinical consultations currently make up more than 75 percent of the market,...
June 18, 2015
Dallas, Texas-based video visits company Teladoc has updated its IPO filing, which now discloses that the company plans to raise $119 million in its IPO, if it is priced at the high end of its range. Teladoc will price its shares between $15 and $17. Its underwriters could raise up to an additional nearly $18 million, making for an IPO valued at as much as $136.9 million.
The company plans to ...
June 10, 2015
This week the American Medical Association’s ethics council attempted to come to an agreement over a set of guidelines focused on ethical considerations related to the use of online or mobile visits between patients and physicians, but a physician from Texas helped convince the committee to rethink its plans. The guidelines were tabled and sent back to committee for further review. The earliest...
June 8, 2015
Just a couple months after Teladoc filed for an IPO, the company disclosed that they have acquired Scottsdale, Arizona-based Stat Health Services, which offers the online doctor visit service Stat Doctors.
"We anticipate closing on the proposed acquisition of StatDoc on June 16, 2015 for $30.5 million, comprised of $13.7 million of cash and $16.8 million of stock and any working capital...
June 8, 2015
Teladoc's road to IPO may prove to be a bumpy one thanks to a new legal battle with American Well. American Well's lawsuit, filed today in Massachusetts District Court, alleges that Teladoc's technology platform willingly infringes on a 2007 American Well patent. The suit asks for triple damages plus court fees, as well as an injunction against Teladoc continuing to do business.
June 3, 2015
Last week, JAMA Internal Medicine published a two-page research letter by the Rand Corporation that played into a national conversation about the efficacy of telemedicine -- specifically Teladoc, a company which is both about to IPO and embroiled in a potentially precedent-setting legal battle with its home state of Texas over whether the Texas Medical Board has the right to regulate the practice...