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PrestoDoctor Expands Into Michigan Ahead of New Cannabis Tax Changes
Globenewswire· 2025-10-21 08:20
Core Insights - Dogecoin Cash, Inc.'s subsidiary PrestoDoctor is expanding into Michigan, aiming to enhance its presence in regulated cannabis markets and provide telemedicine evaluations and patient-wellness services [1][6] - The timing of this expansion aligns with significant upcoming tax reforms in Michigan, which are expected to impact the cannabis market [2][5] Industry Context - Michigan currently has a total retail tax burden of approximately 16% on recreational cannabis, which includes a 10% excise tax and a 6% state sales tax [2] - A new 24% wholesale tax on cannabis products is set to take effect on January 1, 2026, potentially raising the effective total tax rate to one of the highest in the U.S. [2] - Economic analysts predict a 14% decline in retail cannabis sales due to increased prices from the new tax burden, indicating consumer price sensitivity [3] Company Strategy - PrestoDoctor aims to support patients and operators in navigating the changing regulatory landscape by enhancing compliance systems and improving patient engagement [5] - The company offers telehealth evaluations and integrated patient-management services, which are crucial for maintaining quality outcomes in a higher-cost environment [6] - The expansion into Michigan is part of a broader strategy to strengthen the regulated marketplace and ensure access to licensed medical professionals [6]
DocGo Acquires Virtual Care Platform SteadyMD, Expands Telehealth Services Across All 50 States
Businesswire· 2025-10-20 21:21
"Company†), a leading provider of technology-enabled mobile health and medical transportation services, today announced that it has acquired virtual care platform SteadyMD, Inc. Management will host a conference call and webcast on Tuesday, October 21 at 11:00 a.m. ET to discuss this acquisition. SteadyMD powers high-quality telehealth experiences for digital health companies, labs, pharmacies, employers, and other healthcare. NEW YORK--(BUSINESS WIRE)--DocGo Inc. (Nasdaq: DCGO) ("DocGo†or the ...
LFMD 9-DAY DEADLINE ALERT: Lawsuit Targets Telehealth Firm LifeMD (LFMD) Over Alleged Misleading Statements -- Hagens Berman
Globenewswire· 2025-10-17 19:46
Core Viewpoint - A federal securities fraud class action lawsuit has been filed against LifeMD, alleging misleading representations regarding its financial health and growth prospects, following a significant stock price decline after its earnings report in August 2025 [1]. Summary by Sections Lawsuit Details - The lawsuit, titled Johnston v. LifeMD, Inc., covers the period from May 7, 2025, to August 5, 2025, claiming that LifeMD made false statements, particularly during its first-quarter results announcement on May 6, 2025, when it raised its full-year revenue and adjusted EBITDA guidance [2]. - The complaint asserts that LifeMD's optimistic outlook regarding its competitive position in virtual obesity care and the performance of its RexMD brand was misleading, as it did not disclose significant operational challenges [2]. Operational Challenges - The lawsuit highlights that LifeMD faced increasing customer acquisition costs in its RexMD segment and a higher-than-expected refund rate in its weight management business, which were not disclosed to investors [3]. Stock Price Impact - The alleged misleading information came to light on August 5, 2025, when LifeMD reported second-quarter results that missed revenue and earnings per share estimates, leading to a reduction in its full-year guidance. The company's management attributed this to "temporary elevated customer acquisition costs" and refund issues, resulting in a stock price drop of over 44% the following day [4]. Investor Recovery - For investors who incurred significant losses during the specified period, the lawsuit presents an opportunity for potential recovery of damages [5]. Investigation by Hagens Berman - Hagens Berman, a national plaintiffs' rights firm, is investigating the claims against LifeMD, focusing on whether the company was aware of but failed to disclose key operational issues [6].
VSee Health Announces Filing Second Quarter 2025 Results
Accessnewswire· 2025-10-17 13:45
Core Insights - VSee Health, Inc. reported its financial results for the second quarter of 2025, highlighting significant changes compared to the same period in 2024 [1] Financial Performance - The company experienced a notable increase in revenue, with a percentage change relative to the second quarter of 2024 [1] - Specific financial metrics, including net income and operating expenses, were detailed, showcasing the company's financial health and operational efficiency [1] Market Position - VSee Health, Inc. continues to lead in the telehealth solutions sector, indicating strong competitive positioning within the industry [1] - The report emphasizes the growing demand for telehealth services, which is expected to drive future growth for the company [1]
LFMD 11-DAY DEADLINE ALERT: Lawsuit Targets Telehealth Firm LifeMD (LFMD) Over Alleged Misleading Statements -- Hagens Berman
Globenewswire· 2025-10-16 20:32
Core Viewpoint - A federal securities fraud class action lawsuit has been filed against LifeMD, alleging misleading representations regarding its financial health and growth prospects, following a significant stock price decline after its earnings report in August 2025 [1]. Summary by Sections Lawsuit Details - The lawsuit, titled Johnston v. LifeMD, Inc., covers the period from May 7, 2025, to August 5, 2025, claiming that LifeMD made false statements, particularly during its first-quarter results announcement on May 6, 2025, when it raised its full-year revenue and adjusted EBITDA guidance [2]. - The complaint asserts that LifeMD's optimistic outlook, which highlighted a "category-defining competitive moat" in virtual obesity care and strong performance from its RexMD brand, was misleading as it did not disclose significant operational challenges [2]. Operational Challenges - The lawsuit contends that LifeMD faced increasing customer acquisition costs in its RexMD segment and a higher-than-expected refund rate in its weight management business, which were not disclosed to investors [3]. Stock Price Impact - The alleged misleading information came to light on August 5, 2025, when LifeMD reported second-quarter results that missed revenue and earnings per share estimates, leading to a reduction in its full-year guidance. The management attributed this to "temporary elevated customer acquisition costs" and refund issues, resulting in a stock price drop of over 44% the following day [4]. Investor Recovery - For investors who incurred significant losses during the specified period, the lawsuit presents an opportunity for potential recovery of damages [5].
Hims & Hers Stock's 150% Surge Is All Fundamentals—No Novo, No Problem
Benzinga· 2025-10-16 14:41
Core Insights - Hims & Hers Health Inc. has seen a remarkable stock performance, increasing over 150% year-to-date and more than 200% in the past twelve months, driven by internal business developments rather than external partnerships [1][4] Business Developments - The company has launched a new menopause and perimenopause specialty under its "Hers" platform, which is expected to generate $1 billion in women's health revenue by 2026 [2][3] - This strategic pivot has shifted investor perception, positioning Hims as a comprehensive digital healthcare brand rather than just a player in the GLP-1 weight-loss market [4] Market Reaction - Following the announcement of the new initiative, the stock experienced a double-digit rally in mid-October, raising its market capitalization to approximately $14 billion, with a high P/E ratio nearing 80 [4] Investor Sentiment - There is a divide among major investors regarding the company's valuation; while some, like Citadel Advisors, increased their holdings by over 70%, others, such as Renaissance Technologies and Bridgewater Associates, reduced their stakes [5] Future Outlook - The sustainability of the current rally will depend on the success of the women's health initiative, as the market remains uncertain about the company's long-term growth potential [6]
How To Buy HIMS For A 24% Discount, Or Achieve an 82% Annual Return
Yahoo Finance· 2025-10-16 11:00
Group 1 - The core concept of selling cash secured puts is to generate extra income by writing put options while setting aside enough cash to purchase the underlying stock if assigned [1][2][3] - Cash secured puts are considered a bullish strategy, but less aggressive than outright stock ownership, suitable for investors expecting the stock to remain flat or rise slightly [2][3] - Investors selling cash secured puts should ideally sell options closer to the current stock price to maximize premium and assignment probability, while deep-out-of-the-money puts yield lower premiums and assignment likelihood [4] Group 2 - An example involving Hims & Hers Health (HIMS) illustrates the cash secured put strategy, where a put option with a strike price of $50 was trading at $2.45, allowing sellers to receive $245 in premium [5] - If HIMS trades above $50 at expiration, the put option expires worthless, allowing the seller to keep the premium, resulting in a net cost basis of $47.55 if assigned, representing a 24.24% discount from the previous trading price [6]
Hims & Hers Stock Jumps 9% After Huge Announcement
The Motley Fool· 2025-10-16 09:00
New products are coming to the Hers platform.Shares of Hims & Hers (HIMS 16.20%) jumped 9% in trading on Wednesday after the company announced an expansion into menopause and perimenopause specialties on the Hers app. This is the kind of product expansion that will drive greater adoption and higher growth long term, as Travis Hoium highlights in this video.*Stock prices used were end-of-day prices of Oct. 15, 2025. The video was published on Oct. 15, 2025. ...
LifeMD, Inc. (NASDAQ: LFMD) Deadline Approaching: Berger Montague Advises Investors of Deadline in Securities Fraud Lawsuit
Prnewswire· 2025-10-15 18:33
Core Viewpoint - A class action lawsuit has been filed against LifeMD, Inc. for allegedly making materially false and misleading statements regarding its business and financial outlook, leading to a significant drop in share price [1][3]. Group 1: Lawsuit Details - The lawsuit is initiated by Berger Montague PC on behalf of investors who purchased LifeMD shares between May 7, 2025, and August 5, 2025 [1][2]. - Investors have until October 27, 2025, to seek appointment as lead plaintiff representative of the class [2]. Group 2: Allegations Against LifeMD - LifeMD is accused of overstating its competitive position and raising its 2025 guidance without properly accounting for increasing customer acquisition costs, particularly in its RexMD segment and for obesity-related drugs [3]. - Following the revelation of the true facts, LifeMD's shares plummeted by 44%, equating to a loss of $5.31 per share in a single trading session [3].
IBD 50's Hims & Hers Surges After Announcing A Menopause Care Launch
Investors· 2025-10-15 15:32
TRUMP MARKET MOVES: Will These Be Next U.S. Equity Stakes?Hims stock surged Wednesday, nearing a buy point, after the telehealth behemoth announced a menopause care program.The move is largely expected after Hims & Hers Health (HIMS) announced a testosterone replacement launch last month, Leerink Partners analyst Michael Cherny said in a report."It is a logical extension of both the Hers brand and the recent (hormone replacement therapy) market entry," he said. "We expect the push into menopause to help the ...