Why Shares of Teladoc Are Surging Today
Shares of Teladoc Health (NYSE: TDOC) traded up nearly 10% on Monday after the company announced it would acquire InTouch Health for $600 million in cash and stock. The deal would add 14,500 doctors at 450 hospitals to Teladoc's platform, helping to fuel growth at the telecare expert.
Teladoc on Sunday announced plans to buy InTouch for $150 million in cash and $450 million in stock. The deal, which is expected to close before midyear, would add a company that grew sales by 35% in 2019 to the Teladoc portfolio.
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Source Fool.com