Editor's note: This article has been updated with additional context from Babylon.
Multinational digital health firm Babylon has had a tumultuous few years. Its revenue has increased, but it continues to lose money and its stock price has plummeted.
Ali Parsa, Babylon's CEO and founder, joined MobiHealthNews to discuss lessons Babylon has learned since going public in 2021 and where its focus...
Akili, maker of a video game-like digital therapeutic for children with ADHD, hit the public markets Monday after wrapping up a merger with special-purpose acquisition company Social Capital Suvretta Holdings Corp. I.
The newly public digital health firm said the deal brought in more than $163 million before paying transaction expenses and advisory fees. Akili plans to use the cash to launch...
Akili Interactive, maker of a video game-based digital therapeutic for treating pediatric ADHD, announced Wednesday it plans to go public through a merger with special-purpose acquisition company Social Capital Suvretta Holdings Corp. I.
The deal is expected to net the digital therapeutics startup up to $412 million in gross cash proceeds, valuing the combined company at about $1 billion. The...
Health tech companies raised $39.7 billion across 1,186 deals in 2021, more than double 2020's $18.1 billion, according to Silicon Valley Bank's Healthcare Investments and Exits report.
The hefty number from last year was four times higher than the average annual investment from 2018 and 2019, which clocked in at $11 billion. The report notes 60% of funding came from 105 "mega-rounds," deals...
Prescription digital therapeutics company Pear Therapeutics began trading on Nasdaq Monday after wrapping up its merger with special-purpose acquisition company Thimble Point Acquisition Corp. last week.
The business combination brought in about $175 million, which the company said will be used to capitalize its digital therapeutic products. It's trading under the ticker symbol PEAR.
"My...
Digital prescription therapeutic company Pear Therapeutics announced Monday it had secured up to $50 million in additional capital from an affiliate of Thimble Point Acquisition Corp., the special purpose acquisition company it plans to merge with in order to trade publicly.
The new investment is adding to the $23 million Thimble Point’s sponsor already committed as part of the private investment...
On Friday morning, baby tech company Owlet went public in a SPAC merger deal with Sandbridge Acquisition Corp. The company is trading for just under $10 per share on the New York Stock Exchange.
As part of the deal, Sandbridge and the concurrent private placement (PIPE) will provide Owlet $135 million to speed up its product line and will boost the company's valuation to more than $1 billion. ...
Heartflow, a company that specializes in creating computerized heart models to treat coronary diseases, announced plans to go public through a $2.4 billion merger with Longview Acquisition Corp. II, a special purpose acquisition company (SPAC) sponsored by affiliates of Glenview Capital Management.
Once combined, the company will operate as HeartFlow Group and trade on the New York Stock Exchange...
After last quarter’s record-breaking amount of funding, Rock Health called digital health "all grown up." Yet if the first half of 2021’s investments indicate anything, it’s that the market is still very much accelerating.
Halfway through the year, digital health has received $14.7 billion in funding – already more than 2020’s full-year amount of $14.6 billion – across 372 U.S. investment rounds...
Six months after announcing its plans for a public exit, digital mental health company Talkspace is finally hitting Nasdaq via a special purpose acquisition company (SPAC) merger with Hudson Executive Investment Corp. The deal is expected to give Talkspace $250 million of growth capital.
The opening day price per stock was listed at $8.90, and upon listing, the company had approximately 152...
