Launch of Amazon’s Telemedicine Service Has Teladoc Investors Sweating
- Shares fall most intraday in a month after ‘Amazon Care’ debut
- However, some analysts see the dip as a buying opportunity
Photographer: Andrew Harrer/Bloomberg
This article is for subscribers only.
Teladoc Health Inc.’s shares caught a little chill after Amazon.com Inc. announced the start of a virtual healthcare service for its workers in the Seattle area.
Shares fell for a second day after the e-commerce company’s launch of “Amazon Care,” with Wednesday’s decline the most intraday in a month. The pilot program is an online primary care clinic that also offers in-home nurse visits and prescription delivery.