5 Best Telemedicine Stocks to Buy Now

4. Teladoc Health, Inc. (NYSE:TDOC)

No of HFs: 47

Total Value of HF Holdings: $997 Million

Teladoc Health, Inc. is multinational telemedicine and virtual healthcare company that provides virtual medical care. Including general medicine, mental health, dermatology, nutrition, and alike.

Baron Discovery mentioned in an article that Teladoc Health, Inc. was one of their most successful investment ever.

“We sold our remaining investment in Teladoc Health, Inc., one of our most successful investments ever. Our view was that the company’s valuation felt a bit extended, and its market capitalization at over $19 billion was too large for the Fund to hold. Moreover, we believe that, on a pro-forma basis, the market cap will be around $40 billion after its recent bid to merge with Livongo Health, Inc., a transaction expected to be completed in the fourth quarter. We hold Teladoc’s management in the highest regard and admire the incredible company it has built over the last few years.”