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LVGO - Teladoc: A Leading Digital Med Play Following The Livongo Deal
Livongo Health Inc.
Teladoc (TDOC) shook the investment community this past week as after a runaway period for the business and its shares, it is creating another boost for the operations as it is looking to merge with Livongo Health (LVGO).
The deal makes perfect strategic sense, and while both companies have seen great operational and share price momentum, it was notably the run-up in Livongo which made its shares quite pricey. This has been recognized by investors in Teladoc who have some reserves to the deal, as after all they are paying