- Teladoc raised $158 million, offering 8.3 million shares at 19, above its expected range of 15 to 17.
- Headquarters: Purchase, NY; Founded: 2002
- Teladoc is the first and largest telehealth provider in the nation. It estimates that the public’s frustration with emergency room visits, physician shortages and long waits for appointments will serve as a platform for long-term growth.
- JPMorgan and Deutsche Bank Securities were Teladoc’s joint book-running managers for the offering. William Blair, Wells Fargo Securities and SunTrust Robinson Humphrey were the co-managers.
Teladoc says it completed about 300,000 telehealth visits in 2014, including patient diagnosis, treatment recommendations and medicinal prescriptions.
Teladoc says it had 8.1 million members in 2014, up 31% from 2013. It reported revenue of $43.5 million in 2014, up 122%, and a net loss of $17 million.
"We are very pleased with the investors' positive reaction to the Teladoc story, our market leadership and the opportunity to revolutionize the health care system," company CEO Jason Gorevic said in a statement via email.
Address
2 Manhattanville Rd Ste 203
PURCHASE, NY 10577-2118
United States
PURCHASE, NY 10577-2118
United States
Key stats and ratios
Q4 (Dec '16) | 2016 | |
Net profit margin | -38.13% | -60.26% |
Operating margin | -35.37% | -57.75% |
EBITD margin | - | -38.49% |
Return on average assets | -18.54% | -27.83% |
Return on average equity | -24.18% | -36.25% |
Employees | 670 |
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