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Telehealth has taken more hits lately than a piñata at a birthday party. For example:
In April, UnitedHealth Group announced it was shutting down its Optum Virtual Care program. Days later, Walmart announced it would shutter both Walmart Health and Walmart Health Virtual Care.
And in July, Teladoc posted a net loss of $838 million in Q2. The drop was largely driven by an impairment charge of ~$800 million for BetterHelp, the virtual mental health platform it acquired in 2015, Fierce Healthcare reported. Executives attributed the decline to increased customer acquisition costs, among other factors.
CITE: https://tinyurl.com/2h47urt5
- The Justice Department and the attorneys general of eight states sued RealPage, an apartment-pricing tool widely used by corporate landlords, alleging that it lowers competition by allowing property owners to coordinate higher rents.
CITE: https://tinyurl.com/tj8smmes
Visualize: How private equity tangled banks in a web of debt, from the Financial Times.
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Filed under: Information Technology, Investing, Marcinko Associates, Recommended Books, Sponsors | Tagged: banks, betterhelp, Financial Times, Justice Department, Marcinko, optum virtual care, Private Equity, RealPage, S&P 500, Teladoc, teleHealth, textbooks, UnitedHealth, Walmart Health | Leave a comment »
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