Telemedicine Provider Teladoc to Spend $18.5B on Livongo

Malian migrant worker Tidjane (L) wearing a protective face mask attends a teleconsultation on suspicion of COVID-19, at a special medical unit set up outside a building housing migrant workers as part of a private initiative supported by the Paris city hall and aimed at identifying sick people among a vulnerable population, in Paris on May 8, 2020. Christophe Archambault/AFP via Getty Images

One of the nation’s biggest telemedicine providers will spend more than $18 billion to stoke an approach to care that grew explosively during the pandemic and recently received an endorsement from President Donald Trump.

Teladoc Health Inc. plans to dive deep into managing the health of patients with diabetes and high blood pressure with a cash-and-stock deal for Livongo Health that’s expected to close later this year.