Digital musculoskeletal (MSK) care triple-unicorn Hinge Health today announced the upcoming acquisition of Enso, the maker of an eponymous non-invasive electrical nerve stimulation device for pain relief.
Hinge Health did not disclose the terms of the deal or its impact on Enso employees, but a representative told MobiHealthNews that the purchase is set to close "within weeks."
The Enso device is...
UK-based health chatbot Babylon Health is selling off its operations in Canada to former partner Telus Health in a licensing deal projected to be worth roughly $70 million, Business Insider reports.
The pair previously inked a deal in 2019 to create Babylon by Telus Health, which allowed users to describe their symptoms to a text-based bot, consult with a provider via video, and store medical...
The 2020s are on course to become the decade of the special purpose acquisition companies (SPACs), also known as "blank check" or "shell" companies. SPACs are set to outpace IPOs once again in 2021, after a record year that saw SPACs mature from a once obscure method of going public to a rabid, flavor-of-the-month frenzy amidst both institutional and retail investors.
The year of COVID-19 saw 227...
A January acquisition deal between medical technology provider Hillrom and cardiac monitoring device maker Bardy Diagnostics has landed in rocky waters, with Hillrom looking to back out of the purchase and Bardy filing a legal complaint to keep things moving forward.
According to press releases from Hillrom, the company was caught off guard on January 29 when Novitas Solutions, a Medicare...
In December, Highmark Health announced a six-year collaboration with Google Cloud that the companies said would lay down the infrastructure of the integrated delivery network's data-driven Living Health Dynamic Platform.
Today, the organizations unveiled plans to get Verily and its Onduo chronic care subsidiary in on the action as well. Through another six-year partnership, the partners will work...
In its goal to become a full-stack digital health provider, London-based Numan has acquired medical science and healthcare technology company Vi-Health, based in Stockholm and Malmö.
After completion of the acqusition, the majority of the Vi-Health team will be joining Numan, whilst continuing to work from their offices in Sweden.
WHY IT MATTERS
Registered as a Class I medical device, Vi-Health'...
For decades, investors, startups and a broad host of established players have viewed healthcare as ripe for innovation. However, the industry has been challenged by the momentum of the status quo – the scale, complexity, volume and ingrained practices that all need to change to wring out some much-needed efficiency.
As we were taught in physics class, the more momentum something has, the more...
One Medical, a tech-powered primary care platform, shared its financial results for the fourth quarter and full-year 2020 yesterday amid a press storm that alleges the company has been vaccinating ineligible patients.
A report from NPR found that the San Francisco-based company had allowed ineligible patients, including young, healthy people, as well as friends and family of company leadership,...
DarioHealth announced today that it is expanding its digital chronic-disease-management business beyond diabetes and hypertension with the purchase of Upright Technologies, a musculoskeletal (MSK) health company that specializes in connected posture correction devices and digital coaching.
The deal is expected to close on or around February 7, and will run DarioHealth $31 million to complete the...
The MobiHealthNews team members — host Jonah Comstock, Managing Editor Laura Lovett and Associate Editor Dave Muoio — sit down to unpack the major shakeup that hit the digital health markets this week when telemedicine giant Teladoc announced its plan to merge with chronic condition management success story Livongo. We talk details, motivations and implications of this digital health mega-company...
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