SVB Leerink analyst Daniel Grosslight noted that on August 30 UnitedHealth (UNH) announced that Teladoc (TDOC) will be joining its care network as the national Virtual Visit provider as of September for all fully insured and ASO clients who have not opted out of the Virtual Visits benefit. He said "at first blush" the announcement looks better than he had expected, though he still has questions for management. Overall, though, he calls the deal a "major win" for Teladoc that underscores what he sees as its "best-in-class" platform and maintains an Outperform rating on the shares.
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