On June 10, telemedicine start-up UpHealth (NYSE: UPH) debuted on the market after merging with special purpose acquisition vehicle (SPAC) GigCapital2. The deal values the company at a market cap of $1.4 billion.
Competition is getting fierce in the telehealth industry. There are now at least 10 large-cap players, including big names like Amwell (NYSE: AMWL) and Teladoc (NYSE: TDOC) , that are seeking to provide the best quality of care to patients. Does UpHealth stand a chance in this fierce environment?
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Should You Buy This Upbeat Telehealth Stock?