Say Hello To The Largest Virtual Care Company: Telavongo, The $38 Billion Merger Between ... .

UCSF Medical Center, San Francisco



An unprecedented event in digital health history has taken place: the merger of two of the largest publicly traded virtual care companies, Teladoc (NYSE: TDOC) and Livongo (NDAQ: LVGO), creating the market’s first full-stack virtual health company. Virtual health is a combination of virtual visits, remote patient monitoring, chatbots, algorithms, and analytics. Teladoc, the multi-billion dollar market leader in telemedicine, has agreed to purchase Livongo, the multi-billion dollar market leader in remote patient monitoring for $18.5 billion, creating the $38 billion entity. While many executives, investors, and analysts have shown excitement towards this new entity, the announcement has sent a ripple effect across regulators, health technology leaders, and early-stage investors.

With a global presence in more than 175 countries, 40 languages, category leadership across 100 virtual care clinical practice guidelines, and expansive clinical depth and breadth across more than 450 medical subspecialties, Teladoc has continued to dominate the public telemedicine landscape. Livongo, which today has 328,000 members enrolled and over 500 million data points on its platform, is considered the market-leader among companies providing remote monitoring solutions driven through employer and payer distribution. With the explosion in telehealth over the past few months, Teladoc and Livongo have surged to record highs after beating quarterly earnings. Each company has continued to grow successfully as a result of the support and advancement in hardware and software technology for telemedicine and remote patient monitoring.