Teladoc Health announced that CFO Mala Murthy will be stepping down from her role on November 21st to pursue an opportunity outside the healthcare sector. Despite this leadership change, Teladoc exceeded investor expectations in their preliminary financial results for the third quarter. The company reported revenue of $626.4 million and consolidated adjusted EBITDA of $69.9 million, reaffirming their full-year revenue and adjusted earnings outlook.
The departure of Murthy does not appear to be related to any financial challenges, as Teladoc continues to navigate a transitional phase in the telehealth market. The company is maintaining its guidance for revenue between $2.5 billion to $2.55 billion in 2025, with adjusted EBITDA ranging from $263 million to $294 million. Teladoc is currently in the process of identifying a new CFO and establishing an interim leadership structure under CEO Chuck Divita.
The strategic revamp at Teladoc under Divita’s leadership includes enhancing the business-to-business integrated care unit, expanding internationally, and focusing on mental healthcare services. BetterHelp, the company’s direct-to-consumer mental health platform, has faced challenges in recent quarters with declining revenue and customer numbers. Teladoc is implementing new payment options and insurance acceptance for BetterHelp to make mental health services more accessible to consumers.
As Teladoc continues to evolve its business strategy, the departure of CFO Mala Murthy marks a significant change in leadership. The company is optimistic about its future growth potential and remains committed to providing innovative telehealth solutions to meet the changing needs of the healthcare industry. Stay tuned for updates on Teladoc’s progress and new financial developments.
