1 Big Reason Teladoc Health's Hot Streak Will Continue in 2021
Shares of Teladoc Health (NYSE: TDOC) soared 140% in 2020 as the coronavirus pandemic pushed the adoption of telehealth services into overdrive. This leading provider of medical services at a distance also became a much larger company by acquiring Livongo Health for $18.5 billion last year.
Some investors are concerned about what will happen to Teladoc Health's hot streak once COVID-19 vaccine supplies catch up with demand. While the volume of acute-care services the company facilitates will likely dip, demand for the unique chronic-care services Teladoc gained from Livongo will make up the difference.
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Source Fool.com