Baby tech company Owlet reported a drop in revenue to $13.1 million in the second quarter of 2023, compared to $18.3 million for the same period last year. It also reached a milestone, garnering FDA clearance in June for BabySat, its medical pulse oximetry wire-free sock for infants.
The company reported a net loss of $8.5 million in Q2 2023, compared to $11.7 million in Q2 2022, and an...
Akili Interactive, the company behind a video game-like prescription digital therapeutic for children with ADHD, reported its second-quarter earnings since expanding into the adult ADHD market in June with the release of its over-the-counter offering EndeavorOTC.
The Boston-based company reported $114,000 in revenue for the second quarter of 2023 compared to $113,000 in the first quarter of this...
Telehealth and medical transportation company DocGo reported its second-quarter financial results, showing total revenue of $125.5 million, up from $109.5 million in the same period last year.
Revenue from the company's mobile health services was $80.1 million in Q2 2023 compared to $87.3 million in Q2 2022, and it reported $45.4 million in revenue for its transportation services compared to $22...
Daybreak Health, a digital mental health company for children and teens focused on schools, has raised $13 million in Series B funding led by Union Square Ventures, bringing its total raise to $25 million.
Existing investors Maven Ventures, Lightspeed Venture Partners and Y Combinator participated in the round alongside new investor Lux Capital.
WHAT THEY DO
Daybreak partners with schools and...
Medicare Advantage insurtech company Clover Health announced it received a notice from NASDAQ stating the company has regained compliance with the minimum bid price requirement of closing at $1 or more per share for at least 10 consecutive days.
The company said that thanks to NASDAQ's notice, it will revisit its plans to effect a reverse stock split and share reduction proposal, as noted in a...
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,...
Butterfly Network, maker of a handheld, smartphone-connected ultrasound system, reported a 3.8% drop in revenue in the second quarter of 2023 at $18.5 million compared to its Q2 revenue of $19.2 million in 2022.
Butterfly reported a net loss of $28.7 million for the period compared to a $35.8 million loss in Q2 2022. Adjusted earnings before interest, taxes, depreciation and amortization (...
Chicago-based early-stage venture capital firm Distributed Ventures, born out of NFP Ventures, announced it had closed $100 million in total commitments last month, which it plans to use to invest in insurtech, fintech and digital health.
Shawn Ellis, managing partner at Distributed Ventures, joined MobiHealthNews to discuss how the company is uniquely positioned to cultivate growth in the...
Virtual primary care company TytoCare announced it garnered an additional $49 million in growth funding.
Existing investor Insight Partners led the round, with participation from new investors MemorialCare, Clal and Healthcare of Ontario Pension Plan.
WHAT IT DOES
The Israeli health tech company provides virtual care via its AI-enabled TytoCare Home Smart Clinic, which allows clinicians to...
The Healthcare Information and Management Systems Society (HIMSS) and exhibition organizer Informa Markets announced the pair had signed an agreement for Informa to take over management of the HIMSS Health Global Conference & Exhibition, with HIMSS continuing to oversee expert content and event programming.
HIMSS Global Conference & Exhibition drew over 40,000 healthcare and technology...
