RE:Google is in this space tooCongrats. If the Canadian Healthcare industry is worth 240 billion dollars and the US is 17 times bigger than Canada's, that means the US alone is more than 4 trillion dollar industry.
Do I look worried about One Medical lol? Even if it was backed by Google, Apple AND Tesla at the same, I wouldn't care less.
That being said, the article mentionned Teladoc and Livongo, I can vulgarize the transaction for you.
170 M$ in sales for Livongo with a net loss of 55 M$.... bought for 18,5 billion dollars if my memory is right. Their FY2020 should stand around 220 M$...yet with small net loss of 20 M$.
Analysts expect WELL to hit close to 52 M$ in sales for 2020...with my guess a net loss of 8 M$.
And as of today, WELL is not even worth 1 billion dollars. Other factors influenced the 18,5 B$ acquisition, but my point stands that WELL's financials are not that far from Livongo. We are far from being at the same maturity as Livongo, but WELL's proven growth can bring us there.
WELL is far from being a leader in Canada, mostly present in BC. WELL can become a 10 billion dollars company just with its activities in Canada in my opinion.
We will reach it quicker with the expansion in the US, simple as that.
You will not be missed my friend.
David