Teladoc, Livongo finalize $18.5B merger: 4 details

Jackie Drees –
Friday, October 30th, 2020
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Teladoc Health revealed Oct. 30 that it has finished its merger with Livongo, a customer health business that provides digital health services for persistent conditions and behavioral health..

4 information:.

1. Teladoc and Livongo closed the $18.5 billion deal in simply under three months; the telehealth company announced the transaction Aug. 5..

2. Under the merger, Livongo shares will be exchanged for 0.5920 shares of Teladoc plus money of $11.33 each factor to consider per share.

3. The deal is valued at $18.5 billion based on Teladocs closing rate Aug. 4..

4. On Oct. 15, Teladoc CEO Jason Gorevic submitted a letter with the Securities and Exchange Commission specifying that four of Livongos C-suite executives will leave after the merger is settled. Those executives are: Livongo CEO Zane Burke, President Jennifer Schneider, MD, CFO Lee Shapiro, and Senior Vice President of Business Development Steve Schwartz.

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On Oct. 15, Teladoc CEO Jason Gorevic submitted a letter with the Securities and Exchange Commission specifying that four of Livongos C-suite executives will leave after the merger is completed. Those executives are: Livongo CEO Zane Burke, President Jennifer Schneider, MD, CFO Lee Shapiro, and Senior Vice President of Business Development Steve Schwartz.

© Copyright ASC COMMUNICATIONS 2020.

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