Teladoc
Although the company's rapid growth has been fueled by COVID-19, new contracts and state-by-state trends have CEO Jason Gorevic confident that telehealth adoption is here to stay.
Also Fitbit struggles as it waits to be acquired by Google, and Livongo sees strong growth.
The company fielded a major spike in demand and now paints a rosy long-term picture for its telehealth business, although its poor EPS disappointed some investors.
Also: Welltok expands to Latin America with insurer partnership; Kyruus and GYANT combine their offerings for health system clients.
During its latest earnings call, the remote care company highlighted its new offerings for enterprise customers and discussed how it's been preparing for an increase in infectious disease cases.
The hefty price tag will allow Teladoc Health to deliver single, unified virtual care offering "across all sites of care."
Unveiled today, the new Teladoc Nutrition program was built on the back of TelaDietitian's existing network of more than 100 registered dietitians.
Revenue, membership and total visits each saw substantial growth since last year's Q2 earnings, although the company is still chasing profitability.
Also: RenalytixAI taps Thoma McLain as new CCO; Luba Greenwood announces departure from Verily.