Shares of virtual healthcare firm Teladoc rose in aftermarket trade on Monday after the company said its diabetes, hypertension, and weight-management programs will be available on Amazon.com’s Health Benefits Connector.
Teladoc Inc (NYSE: TDOC) shares rose 4.4% in aftermarket trade to $10.13, paring some gains after initially rising over 5%.
The company announced a collaboration with Amazon.com Inc (NASDAQ: AMZN) under which the e-commerce giant’s customers will be able to enlist directly in Teladoc’s programs through Amazon’s health benefits connector.
The collaboration opens up a new stream of potential users for Teladoc, which already has over 1 million active users across its chronic conditions program.
