Teladoc Health Inc. (TDOC) saw its shares surge 6.53% during intraday trading on Thursday.
The significant upward movement follows the announcement that Teladoc Health's virtual care services are now available through Walmart's Better Care Services platform. This expansion provides Teladoc with access to Walmart's vast customer base, offering services including virtual urgent care, dermatology, and nutrition support for both insured consumers and cash-pay users at $89 per visit.
The partnership represents a strategic expansion of Teladoc's retail and platform partnerships, building on the January launch of its BetterHelp mental health offering on the same Walmart service. This collaboration is expected to increase Teladoc's market reach and make virtual care more accessible to millions of Americans.
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