Teladoc Health Scoops Up Another Peer in the Connected Health Race
Teladoc Health (NYSE: TDOC) has been one of the best healthcare investments in the years since its IPO i n the summer of 2015. Shares are up 240% since their public debut as the connected-health movement -- care delivered virtually instead of in-person -- has started to take off. An early pioneer of virtual care tech, the company has begun consolidating the nascent industry by acquiring several of its peers.
The stock is off to a hot start in 2020, too, thanks in large part to the announcement that Teladoc is taking over integrated virtual care provider InTouch Health. Shares surged nearly 15% higher after the news on optimism that the company will be able to maintain its growth rate for the foreseeable future. As it's still in the early innings of the movement, Teladoc is a buy for the long haul.
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Source Fool.com
