Here's What Amazon's Potential Acquisition of One Medical Means for Teladoc Health Investors
This year has been an absolute nightmare for Teladoc Health (NYSE: TDOC), the telehealth provider aiming to disrupt the traditional healthcare industry. Year to date, the stock has nosedived 62%, slumping most recently because of its second-quarter earnings report that it posted on July 27.
To make matters worse, technology giant Amazon.com (NASDAQ: AMZN) recently announced its plan to acquire One Medical for $3.9 billion in an all-cash transaction. Although the deal has yet to be approved, acquiring One Medical, which falls under the 1Life Healthcare (NASDAQ: ONEM) umbrella, could significantly boost the e-commerce leader's push into the virtual healthcare arena.
Now with its back against the wall, is Teladoc Health a stock that investors should consider pouncing on at existing price levels?
Source Fool.com
