Teladoc Steadfast On Growth Plans Despite Continued Loss
Zacks Investment Research | Nov 23, 2016 08:36PM ET
On Nov 21, 2016, we uploaded our research report on Teladoc Inc. (NYSE:TDOC) , the first and the largest telehealth solution provider with approximately 70% market share.
The company’s revenues have grown 98% at a CAGR from 2013 to 2015. It boasts more than 7000 clients.
The company plans to cash in on significant unmet needs since the telehealth industry remains significantly underpenetrated (by less than 0.5%). Teladoc is seeing its business growing steadily with insurers and customers increasingly embracing telehealth. The company’s revenues have grown at a CAGR of 98% from 2013–2015. This revenue growth was driven by a CAGR of 40% year over year in membership and a 113% increase in visits in 2013–2015. The third quarter of 2016 marked the fifteenth consecutive quarter in which the number of telehealth visits increased faster than its member base, reflecting a trend of rapidly increasing adoption of this service.
The company also made some acquisitions recently which will help it to grow inorganically. It has completed four acquisitions – Stat Health Services Inc, Compile, Inc. “BetterHelp”, AmeriDoc and Consult A Doctor since its inception. These have expanded its distribution capabilities and broadened its service offering. Last month, the company announced that it will acquire HealthiestYou, which is expected to extend its leadership position in the telehealth industry.
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