Are Telehealth Stocks Still a Good Investment?

By KEVIN CURRAN

As the coronavirus constrained the public’s ability to visit their doctors as normal, the telehealth industry quickly took flight.

Shares of pure-plays Teladoc Health  (TDOC) – Get Report and Hims and Hers HIMS more than doubled from February 2020 into early 2021, while Massachusetts-based American Well  (AMWL) – Get Report capitalized on telehealth demand to stage a stellar IPO debut late in 2020, soaring nearly 50% on its first day of trading.

Meanwhile, privately-held leaders like the newly-merged Grand Rounds and Doctor On Demand fetch billion-dollar valuations and and, most recently, Cigna  (CI) – Get Report continues to rise after completing its acquisition of telehealth platform MDLive in late April.

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