Why Teladoc Health Stock Popped 21.5% in January
Shares of Teladoc (NYSE: TDOC) climbed 21.5% in January, according to data from S&P Global Market Intelligence, after the telemedicine technology stock announced an exciting $600 million acquisition and raised its fourth-quarter outlook.
Teladoc shares surged almost 10% on Jan. 13 alone when the acquisition news broke, detailing a $600 million cash-and-stock ($150 million in cash and $450 million in stock) agreement to acquire virtual care specialist InTouch Health. According to Teladoc CEO Jason Gorevic, the move "will make Teladoc Health the clear virtual care leader across every front door of healthcare, further accelerating the adoption and impact of virtual care for millions of people around the world."
InTouch already partners with over 450 hospitals and health systems encompassing more than 14,500 physician users.
Source Fool.com
