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Teladoc To Acquire Livongo in $18.5 Billion Deal Creating a Combined Firm Focused on Digital Health
A leading services vendor in the telehealth space and a growing digital health firm announced a major acquisition on Aug. 5, at a time when telehealth and digital health are surging in adoption in U.S. healthcare. The $18.5 billion business deal, creating the merger of the Purchase, N.Y.-based Teladoc and the Mountain View, Calif.-based Livongo, will result in a “company [that] will have expected 2020 pro forma revenue of approximately $1.3 billion, representing year over year pro forma growth of 85 percent,” according to a press release posted to Teladoc’s website on Wednesday morning. “Demonstrating the power of the combined platform and the scalability of the data driven and virtual ethos, the combined company is expected to have pro forma Adjusted EBITDA of over $120 million for 2020,” the press release stated.
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