Teladoc shared some interesting numbers in its S-1 filing with the SEC as it is preparing for the initial public offering. The document states that the company is looking to raise $100 million, but that number could easily change in due course.
Among other things, the filing talks about Teladoc’s previous acquisitions:
- In August 2013, it scooped up Consult A Doctor for $16.6 million
- In May 2014, it acquired AmeriDoc for $17.2 million
- In January 2015, the acquisition of BetterHelp was completed for $3.5 million in cash and a $1.0 million promissory note, as well as an agreement to make annual payments equal to 15% of the total net revenue generated by the BetterHelp business for each of the next three years.
Teladoc has more than 4,000 clients, including 160 Fortune 1000 companies among them, as well as health plans and health systems. Notable examples include big employers, such as Accenture, Bank of America, General Mills, Pepsi, Shell and T-Mobile; health plans like Aetna, [Oscar,] Amerigroup, Blue Shield of California, Centene, Highmark and Universal American; health systems, such as Health Partners, Henry Ford, Memorial Hermann and Mount Sinai.
At the end of Q1 2015, the company had 259 employees, including 51 in technology and development and 86 in sales and marketing.
Here are other notable numbers shared in the filing:
| 2013 | 2014 | Q1 2015 | |
|---|---|---|---|
| Revenues | $19.9 million | $43.5 million | $16.5 million |
| Net loss | $6 million | $17 million | $12.7 million |
| Visits | 127,000 | 299,000 | 149,000 |
| Members | 6.2 million | 8.1 million | 10.6 million |
[Via: mobihealthnews]