discusses its plans to develop a web version of the news aggregator Thy News īranded Legacy, Inc. New Break Discusses Fresh Collaborative Approach to Exploring the Moray Property Ludwig Files A Patent That Could Be a Major Technology Breakthrough in Healthcare SFLMaven: New NFT Metaverse Jewelry Pieces to Be Released in Q3 2022
PSYC's Spotlight Media Corp to Host MJBizCon Kickoff Party at Brooklyn Bowl Las Vegas TRU Opens Up New Copper-Gold-Silver Discovery at Golden Rose Sells Out Its Water Bear PFP Mint In Only 45 Minutes With The Premiere of The Genesis Collections This is a faster and less expensive alternative to the initial. The private entity is eliminated and the shell company becomes the sole remaining entity. The outcome of a reverse merger is that the privately-held entity merges into the publicly-held shell. ResGreeen Uses Open-Source Robot Operating System (ROS) to Enhance Integration and Simulation for LilBuddy AMR īranded Legacy, Inc. A reverse merger occurs when a privately-held business buys a publicly-held shell company. CNBC's Christina Farr contributed to this report.HealthLynked Announces Upgrades to its MedOfficeDirect Ecommerce Site for Discount Medical Supplies "But we caution investors will need to be patient as valuation is likely to draw significant scrutiny." "We believe TDOC's announced acquisition of LVGO is an interesting strategic deal that deepens the competitive moat of the combined company," Santangelo wrote. That's high relative to where Teladoc has traded historically, but Santangelo, who rates the stock a buy, said it's reasonable based on the company's expectation for annual sales growth of 30% to 40% over the next few years. The combined company will have a multiple of about 19 times revenue based on 2021 estimates, according to Glen Santangelo, an analyst at Guggenheim. Teladoc CEO Jason Gorevic will run the company and the board will consist of eight directors from Teladoc and five from Livongo. company this year, behind 7-eleven's purchase of Speedway gas stations and Analog Devices' acquisition of Maxim Integrated. The purchase price comes out to $18.5 billion and makes the deal the third-largest acquisition of a U.S. Teladoc is paying $11.33 for each Livongo share and exchanging 0.592 shares of Teladoc for each share of Livongo, which amounts to a 58% to 42% split in terms of control.
Teladoc fell 19% to $202.01, and Livongo dropped 11% to $128.06īut as of Tuesday's close, Teladoc had tripled in value this year and Livongo was up almost six-fold.
#TCEL REVERSE MERGER FULL#
The companies said in Wednesday's press release that the merger will help people everywhere get "high quality, personalized, technology-enabled longitudinal care that improves outcomes and lowers costs across the full spectrum of health."īoth stocks fell sharply after the announcement on concern about the high price of the deal and the integration risks as competition rapidly picks up. Livongo, a provider of coaching services that help people manage chronic conditions, falls in the category of remote health management, which is also seeing soaring demand during the pandemic. Teladoc is among the leaders in the space and said last week that visits in the second quarter surged 203% from a year earlier. Telehealth has been one of the massive growth stories of the Covid-19 era, as patients - particularly in older age groups - avoid clinics and hospitals where they risk exposure to the coronavirus.
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