The quick answer - No.
There is room for more than one telehealth company. We are in the early stages here and there will be several players. WELL is the industry leader here in Canada. You also have DOC which is quickly emerging as a best-in-class option. The industry is highly fragmented and there is likely to be a good number of companies in the space.
Furthermore, you have privately held companies like Maple and Carebook (which is actually going public soon). In the end, they all have significant opportunity for growth. Also worth noting WELL and DOC have expanded to the US which is much bigger market.
As the space matures, you may see industry consolidation through mergers and acquisitions. Bottom line, this will not impact WELL's growth profile.
Mat