Multinational digital health firm Babylon reported its previously announced business combination with digital neurotherapy company MindMaze is not moving forward, and it will pursue the sale of its U.K. business to third parties and exit its U.S. business.
In June, the company revealed that it accepted a take-private proposal from AlbaCore Capital on behalf of its affiliate company MindMaze,...
Digital health firm Babylon has secured a sustainability-linked investment of up to $200 million (€173M) from the strategic capital investment firm, Albacore Capital Group.
Together with already committed PIPE capital of $230 million (€199M) from institutional and strategic investors, Babylon will now have access to around $775 million (€671M) of capital (before fees).
In June Babylon announced...
