Behavioral Health Business April 5, 2024
Teladoc’s (NYSE: TDOC) longtime CEO Jason Gorevic has stepped down amid the company’s ongoing struggles on the public market.
The company’s Chief Financial Officer Marla Murthy will step in as acting CEO during the transition period, according to the Teladoc’s board of directors.
Teladoc is one of the largest virtual care companies in the country. The company’s direct-to-consumer digital behavioral health provider BetterHelp has been one of its biggest growth areas over the past few years. The business segment generated over $1 billion in revenue in 2022 and 2023.
However, external factors, including the return to in-person care and the increase in advertising yield have led to a slow down in growth over the last few quarters.
Some analysts suggest...
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