January 17, 2017
Teladoc Announces Proposed Sale of Shares of Common Stock
Teladoc, Inc. (NYSE: TDOC) (“Teladoc”) today announced a proposed offering of shares of its common stock, which includes 5,400,000 shares offered by Teladoc and 1,850,000 shares offered by certain stockholders of Teladoc named in the preliminary prospectus supplement (the “selling stockholders”). The underwriters have a 30-day option to purchase up to an additional 1,087,500 shares of common stock from Teladoc . The proceeds of the primary portion of the offering will be used by Teladoc for working capital and general corporate purposes, including to expand its current business through acquisitions of, or investments in, other businesses, products or technologies. Teladoc will not receive any proceeds from shares of common stock to be sold by the selling stockholders. J.P. Morgan and Piper Jaffray & Co. are acting as joint book-running managers for the offering and as representatives of the underwriters. Wells Fargo Securities and William Blair are also acting as joint...
January 12, 2017
UnitedAg Expands Relationship with Teladoc, Adding Behavioral Health and Other Clinical Specialties
35,000 UnitedAg members now have greater access to a full suite of affordable, quality care options Teladoc, Inc. (NYSE:TDOC), the undisputed leader in telehealth, providing access to care for millions, announces that UnitedAg has expanded the telehealth benefits for its 35,000 insured members to include coverage for behavioral health, dermatology and smoking cessation. With strong utilization across Teladoc’s wide array of general health services, along with a high percentage of repeat telehealth visits, UnitedAg sees significant value in providing these additional services to its members. “A big part of the value equation that we offer our members and their families is access to cost-effective, high-quality care through Teladoc,” said Kirti Mutatkar, president and CEO of UnitedAg. “Since we joined Teladoc in July 2015, our members have continued to use and rely on their telehealth benefits, so the choice to further expand this relationship is a logical one.” UnitedAg is an...