Why Teladoc Isn't Worried About Amazon Care
The telehealth industry could be worth nearly $192 billion by 2025, marking an incredible 37.7% compound annual growth rate between now and then. Little wonder, then, that the industry has been attracting some big names. One of the more notable companies to show interest is Amazon (NASDAQ: AMZN). The tech giant has plenty of resources at its disposal to disrupt the market and wrestle away market share from a top company like Teladoc Health (NYSE: TDOC).
And while a behemoth like Amazon looming in the wings might have executives concerned about their company's future, Teladoc CEO Jason Gorevic isn't all that worried. In a recent interview, he called Amazon's move into healthcare "overrated." Is he wrong?
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Source Fool.com
