Dallas, Texas-based video visits telehealth company Teladoc has raised $156.8 million in its IPO and is set to begin trading under the symbol "TDOC" on the New York Stock Exchange today. At the last minute the company increased both the price of its shares to $19 and the number of shares it was selling to 8.3 million.
In the company's previous filing, Teladoc priced its shares between $15 and $17...
Dallas, Texas-based video visits company Teladoc has updated its IPO filing, which now discloses that the company plans to raise $119 million in its IPO, if it is priced at the high end of its range. Teladoc will price its shares between $15 and $17. Its underwriters could raise up to an additional nearly $18 million, making for an IPO valued at as much as $136.9 million.
The company plans to ...
Teladoc's road to IPO may prove to be a bumpy one thanks to a new legal battle with American Well. American Well's lawsuit, filed today in Massachusetts District Court, alleges that Teladoc's technology platform willingly infringes on a 2007 American Well patent. The suit asks for triple damages plus court fees, as well as an injunction against Teladoc continuing to do business.
"Teladoc has...
Last week, JAMA Internal Medicine published a two-page research letter by the Rand Corporation that played into a national conversation about the efficacy of telemedicine -- specifically Teladoc, a company which is both about to IPO and embroiled in a potentially precedent-setting legal battle with its home state of Texas over whether the Texas Medical Board has the right to regulate the practice...
There's been a cluster of important telemedicine news in the past few days: the AMA is developing ethical guidelines for remote visits, a majority of states now have telemedicine parity laws in place, and details about Teladoc's business came to light through an SEC filing related to its hoped-for IPO.
This month the American Medical Association's ethics council will begin to craft a set of...
In late April news broke that remote visits company Teladoc had taken the first steps toward filing for an IPO, but the initial filing was private. Over the weekend the first public draft of its S-1 filing was published to the SEC's site, revealing a bevy metrics about the private company, including its financial performance to date and details surrounding the acquisitions it has made in the past...
