Teladoc & Livongo Health To Merge In Deal Valued At $18.5 Billion

Teladoc Health Inc. and Livongo Health Inc. announced they have agreed to merge in a deal valued at $18.5 billion to create a company that can serve a spectrum of health needs, using virtual care. Under the terms of the deal, Livongo shareholders will receive 0.592x shares of Teladoc plus $11.33 in cash per share owned.

Teladoc shareholders will own about 58% of the combined entity, while Livongo shareholders will own the remaining 42%. The combination creates a global leader in consumer centered virtual care, the companies said in a joint statement. The new entity is expected . . .