Teladoc Health’s $18.5 Billion Acquisition of Livongo


Paul, Weiss advised Teladoc Health on the deal.

Teladoc Health, the global leader in virtual care, executed the acquisition of Livongo, the leading Applied Health Signals company, in a cash-and-stock deal valued at $18.5 billion. The combination of these highly complementary leaders in virtual care and chronic condition management represents a transformational opportunity to improve the delivery, access and experience of healthcare worldwide.

Under the terms of the agreement, Teladoc shareholders will own approximately 58% of the combined company, while Livongo shareholders will own the remaining 42%. The combined company is expected to have more than $1.3 billion in pro forma revenue in 2020, representing year-over-year pro forma growth of 85%. The transaction is expected to close by the end of 2020, subject to regulatory approvals and other customary closing conditions.

The Paul, Weiss team advising Teladoc included corporate partners Scott Barshay (Picture), Laura Turano, Manuel Frey, Caith Kushner and John Kennedy and counsel Patricia Vaz de Almeida; intellectual property partner Jonathan Ashtor; tax partner Robert Holo; employee benefits partner Jean McLoughlin and counsel Jarrett Hoffman; real estate partner Peter Fisch; litigation partner Charles Rule, Audra Soloway and Jonathan Kanter and counsel Steven Herzog; and antitrust counsel Yuni Sobel.

Involved fees earner: Jonathan Ashtor – Paul Weiss Rifkind Wharton & Garrison; Scott Barshay – Paul Weiss Rifkind Wharton & Garrison; Peter Fisch – Paul Weiss Rifkind Wharton & Garrison; Manuel Frey – Paul Weiss Rifkind Wharton & Garrison; Steven Herzog – Paul Weiss Rifkind Wharton & Garrison; Jarrett Hoffman – Paul Weiss Rifkind Wharton & Garrison; Jonathan Kanter – Paul Weiss Rifkind Wharton & Garrison; John Kennedy – Paul Weiss Rifkind Wharton & Garrison; Caith Kushner – Paul Weiss Rifkind Wharton & Garrison; Jean McLoughlin – Paul Weiss Rifkind Wharton & Garrison; Charles Rule – Paul Weiss Rifkind Wharton & Garrison; Yuni Sobel – Paul Weiss Rifkind Wharton & Garrison; Audra Soloway – Paul Weiss Rifkind Wharton & Garrison; Laura Turano – Paul Weiss Rifkind Wharton & Garrison; Patricia Vaz de Almeida – Paul Weiss Rifkind Wharton & Garrison; Robert Holo – Simpson Thacher & Bartlett;

Law Firms: Paul Weiss Rifkind Wharton & Garrison; Simpson Thacher & Bartlett;

Clients: Teladoc Health Inc;

Author: Ambrogio Visconti