Well, it's official - Teladoc (TDOC) has acquired Livongo (LVGO), creating one of the largest and fastest-growing subscription healthcare players. In this article, I'll breakdown my short-term and long term thoughts on the merger as an LVGO shareholder, and I'll give my analysis on TDOC as well, which I haven't covered in previous articles.
Initial reaction
Initially, when I read the merger headline, I thought I had misread something. With Livongo growing at over 100% with plenty of financing available in the current market, there really was no need to sell