Teladoc
The layoffs make up about 6% of the virtual care giant's non-clinician workforce.
The company reported a $3 billion noncash goodwill impairment charge during Q2. Revenue increased 18% year-over-year to $592.4 million.
The new services come through partnerships with digital pharmacy Capsule and specimen-collection company Scarlet Health.
The suit claims Teladoc, CEO Jason Gorevic and CFO Mala Murthy made misleading statements or failed to disclose that increased competition was affecting its BetterHelp mental health segment and its chronic care business.
The virtual care giant reported a $6.7 billion loss in the first quarter, driven by a non-cash goodwill impairment charge related to its 2020 Livongo deal.
Also: Mental health-focused Spring Health hires Todd Hill from Headspace Health, Teladoc Health appoints Dr. Vidya Raman-Tangella as chief medical officer and WellSky appoints Dale Zurbay chief growth officer.
Also: Amwell misses revenue expectations and Babylon Health grows 371% year-over-year.
MobiHealthNews sits in on the first virtual surgery using Proximie and Teladoc's new combined technology.
The plan, built with Trustmark Health Benefits, is centered on Teladoc’s primary care offering, recently made available to payers.
Teladoc is pitching the expanded service as a way to improve primary care access.