Finance

InstantScripts mobile app Photo courtesy of InstantScripts
By  Adam Ang 11:41 pm June 13, 2023
Australian Pharmaceutical Industries, a wholly-owned subsidiary of ASX-listed conglomerate Wesfarmers, is buying local telehealth business InstantScripts for A$135 million ($91 million).  Founded in 2018, the online health clinic offers a range of digital services, including telehealth consultations, online prescriptions, medical certificates, blood test requests, health management plans and...
Person sitting at a computer holding a coffee cup with a striped shirt on
By  Jessica Hagen 02:24 pm June 13, 2023
Chronic care management platform Thirty Madison has acquired the assets of online birth control pharmacy The Pill Club following the company's bankruptcy in April.  New York-based Thirty Madison purchased over 100,000 patient files from the bankrupt company for $32.3 million, according to Axios.  Thirty Madison said that thanks to its strategic asset purchase, the company will ensure continuity...
Dr. Daniel Kraft, founder and chair of Digital.Health and NextMed Health and general partner at Continuum Health Ventures
By  Jessica Hagen 01:54 pm June 12, 2023
As a long-time innovator and Stanford and Harvard-trained physician and scientist, Dr. Daniel Kraft has seen how technological advancements impact patient care and has spoken extensively on the intersection of healthcare and technology.   Kraft, who is also founder and chair of Digital.Health and NextMed Health, and also general partner at Continuum Health Ventures, sat down with MobiHealthNews...
A pregnant person sitting in a chair while looking at a tablet
By  Jessica Hagen 02:06 pm June 9, 2023
Pomelo Care, a virtual maternity care platform, scored $33 million in seed and Series A funding led by Andreessen Horowitz.  The New York-based company partners with employers, health plans and providers to offer virtual fertility, pregnancy and newborn care from preconception through a baby's first year. Its offerings include nutrition counseling, educational content, primary and women's care,...
Three people sitting around a table with food on it. One person is wearing a pink head scarf, one a blue shirt and the other a white shirt
By  Jessica Hagen 11:01 am June 6, 2023
Tech-enabled food delivery company FarmboxRx announced the launch of Feed by FarmboxRx, an application-based program to supply individuals affected by cuts to SNAP benefits with produce and pantry staples.  The program will allow six boxes of produce to be delivered to select individuals each month, along with educational magazines for food preparation recommendations.    Applications for...
GP2U and Doctor Care Anywhere logos
By  Adam Ang 03:04 am June 6, 2023
Over two years since it was first acquired, GP2U Telehealth is being sold off again. Its parent company, UK-based Doctor Care Anywhere Group, signed a share purchase agreement to sell its Australian subsidiary to My Emergency Doctor for A$3 million ($2 million). The deal, which is still subject to shareholder approval, is expected to be completed by end June. WHY IT MATTERS In a media release,...
Sigurjon Kristjansson, CEO of Nox Health
By  Jessica Hagen 11:27 am June 2, 2023
Tech-enabled sleep health company Nox Health was the highest bidder for Pear Therapeutics' Somryst assets at an auction last month that followed the prescription digital therapeutic company's bankruptcy in April. Nox bid $3.9 million for Pear's FDA-cleared prescription digital therapeutic Somryst, which uses cognitive behavioral therapy for insomnia to train the brain and body to sleep.  Sigurjon...
Two people standing in front of a screen looking at a graph and one person sitting down looking at a tablet
By  Jessica Hagen 01:00 pm May 23, 2023
Bright Health has finalized a 1-to-80 reverse stock split to raise its share price above the threshold required to remain on the New York Stock Exchange.  The reverse split raised the company's share price to $13.57 at NYSE's opening on Monday, up from $0.21 at the close on Friday.  On the New York Stock Exchange, a company risks being delisted if its shares don't reach $1 and hold that value for...
Person on a tablet wearing a yellow scarf and white shirt
By  Jessica Hagen 08:09 pm May 19, 2023
Editor's note: This story has been updated with additional information on Pear's financial state. The assets of prescription digital therapeutics maker Pear Therapeutics have been broken up and sold at auction for $6.05 million after the company filed for bankruptcy in April. According to the court filing, Pear's assets were split between four bidders: Digital therapeutics company Click...
Person leaning against a counter holding a coffee cup
By  Jessica Hagen 12:57 pm May 16, 2023
Gennev, a digital menopause care delivery platform, announced it is now an in-network provider for most of Aetna's commercial health plans nationwide.  Seattle-based Gennev, previously known as Genneve, provides menopause patients with personalized treatment through its network of OB-GYNs, health coaches and registered dietitians. Gennev will be available to most of Aetna's commercial members...