Tuesday, July 12, 2016

Teladoc Gets $50M In Debt Financing

Lewisville-based telehealth provider Teladoc announced this morning that it has received $50M in a debt financing, from Silicon Valley Bank. The financing round included a $25M, term loan, and a $25M revolving line of credit. The company said the new financing will go towards general corporate purposes, including the recent acquisition of HealthiestYou.