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Reprints
Teladoc Health Inc. reported a historic net loss in 2022 of $13.7 billion on revenue of $2.4 billion, mostly from an impairment charge related to the shrinking value of its Livongo acquisition, reports Healthcare Dive. By comparison, the virtual care company reported a loss of $429 million in 2021. The non-cash goodwill impairment charge of $13.4 billion reported over the past year reflects the waning market value of Teladoc’s $18.5 billion acquisition of chronic care company Livongo in late 2020.
1. Hackers leak stolen data from Change Healthcare on dark web
2. Hacking group Ransomhub claims to have stolen UnitedHealth data
3. UnitedHealth estimates $1.6 billion loss from Change cyberattack
4. Ex-NBA player Will Bynum sentenced in insurance fraud scandal
5. Teladoc Health CEO Jason Gorevic steps down amid stock plunge
6. Biden administration limits Medicare Advantage broker compensation