New York/Paris — Teladoc Health, a US supplier of virtual health care, agreed to buy Livongo Health, which helps manage diabetes with connected devices, for about $18.5bn, as the novel coronavirus pandemic spurs demand for remote medicine.
However, investors appeared to take a cautious view of the proposed terms. Livongo shares were down 8.5% at $132.27 at 9.45am on Wednesday in New York, while Teladoc shares fell 15%. , according to Holz, when the stock has been performing well and when “barriers to entry here do not seem overly significant”.
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