Telehealth and medical transportation company DocGo saw its shares rise after reporting its first quarter financial results, showing total revenue of $113 million with a net loss of $3.9 million.
The company reported a 19% decline in mobile health revenue from $90.1 million in the first quarter of 2022 to $72.9 million in the first quarter of 2023 but a 44% increase in transportation services...
Butterfly Network, maker of a handheld, smartphone-connected ultrasound system, saw its stock price drop after reporting first-quarter revenue of $15.5 million, flat from its total revenue of $15.6 million in Q1 2022, alongside a net loss of $33.5 million.
Still, this year, the Mass.-based company's first quarter net loss was less than its reported $44.5 million loss in the first quarter of...
Babylon's stock price fell sharply after it announced plans to take the multinational digital health firm private, less than two years after the company debuted on the New York Stock Exchange.
Babylon also entered into an agreement with AlbaCore Capital LLP for a secured term loan facility for up to $34.5 million to support the company's plans to delist.
In the first quarter, Babylon reported...
Oura, the company behind a health tracking ring wearable, announced Tuesday it had purchased digital identification startup Proxy in an all-equity deal.
Proxy offers digital identity tech that aims to replace keys, cards, badges, apps and passwords. The startup said it had been working to include its offerings on wearable devices as well as phones.
According to reporting by Bloomberg, the deal...
Cue Health laid off another 326 workers, or about 30% of the home diagnostics company's workforce, as part of a new cost reduction plan.
The cuts mark a second round of layoffs this year. In January, Cue laid off 388 employees, about 26% of its workforce.
In a filing with the Securities and Exchange Commission, Cue said it had approved the new plan at the end of last month, aiming to "reduce the...
Pennsylvania-based NeuroFlow, a behavioral health company, partnered with Georgia-based healthcare system Emory Healthcare to deliver psychiatric services.
NeuroFlow's cloud-based platform allows healthcare providers to track, assess and connect with patients between traditional office visits. The company also offers AI-driven clinical decision support with recommendations for the next steps for...
Pediatric virtual behavioral health company Brightline announced a second round of layoffs in less than a year, again affecting 20% of its workforce.
The California-based company let go of 20% of its workforce in November, months after announcing an additional $10 million raise, bringing its total Series C funding to $115 million.
"As we continue to expand our team of therapists, psychiatry...
Bonatra expanding chronic disease management platform with MyAva acquisition
Bonatra, which is once focused on treating chronic health conditions in men, is expanding its platform to deal with women's health and wellness through its latest acquisition of MyAva.
Founded in 2019, the femtech startup provides curated programmes and personalised plans to help women manage their chronic conditions,...
Amwell reported a significantly larger net loss in the first quarter due to a noncash goodwill impairment charge related to a lasting decline in the company's share price.
The telehealth company posted a $398.5 million loss compared with $70.3 million in the prior-year period and a $61.6 million loss in the fourth quarter. The impairment charge was $330.3 million.
"This charge resulted from the...
Smartphone urinalysis company Healthy.io announced Wednesday it had wrapped up a $50 million funding round.
The Series D, which also includes a previously unannounced $45 million raise from early last year, was led by Schusterman Family Investments, with participation from Aleph and existing investors.
Healthy.io said the funds will be used to expand in the U.S. The company has offices in Boston...
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