Telehealth represents a growing industry segment of the healthcare sector and are now reaping their benefits of rising popularity. Now with the Coronavirus going around they are primed to skyrocket.
With this industry in a seemingly upward trajectory, here are the top 5 telehealth companies you should invest in.
Teladoc Health ($TDOC)
When time is of the essence, Teladoc Health (TDOC) connects you to the medical advice you need. Patients can speak to a physician via the web, phone, or mobile app in less than ten minutes.
The company has tens of millions of users who are served by thousands of licensed healthcare professionals, with decades of experience on average. In July 2016, the company announced that it had secured $50 million in capital from Silicon Valley Bank to further its growth efforts.
In January 2020, Teladoc announced that it plans to acquire InTouch Health for $600 million. This deal will add 14,500 doctors at 450 hospitals and health systems to its customer base. In March 2020, Teledoc’s market capitalization was around $9 billion, making it one of the industry leaders in telemedicine.
