Teletherapy company Talkspace reported a total of $30.2 million in revenue for Q4, with its total earnings for 2022 at around $120 million, all driven by growth in the business-to-business revenue.
But the New York-based company reported a net loss of $18.3 million in the fourth quarter, comparable to the $18 million net loss it reported in Q3, though an improvement from the $21 million loss in...
Amwell is in talks to acquire struggling teletherapy company Talkspace for about $200 million, according to Israeli business publication Calcalist.
Talkspace's stock price surged in the wake of the deal rumors. It went public in 2021 after a merger with a special purpose acquisition company, opening at $8.90 per share. The deal valued Talkspace at $1.4 billion.
But the digital mental health...
Talkspace reported a growing net loss in the third quarter as the teletherapy company continues to shift to a business-to-business model from a consumer-facing product.
It reported an $18 million net loss compared with $2 million loss in the prior-year period, which it attributes to a lower marketing spend. Talkspace posted revenue of $29 million, an 11% increase from 2021. The company also noted...
Insulin pump-maker Insulet reported net income of $27.8 million during the first quarter this year, months after it received FDA 510(k) clearance for its Omnipod 5 automated insulin delivery system.
The company also posted $295.4 million in revenue during Q1, compared with $252.3 million in the prior year, beating expectations. Insulet is currently building a limited launch of the Omnipod 5 and...
Digital mental health company Talkspace is rolling out a new parenting app called Lasting Parenting Guide. This launch comes a year and a half after Talkspace scooped up couples-counseling tool Lasting for an undisclosed sum, with the goal of building out its self-guided apps.
Parents and caregivers can use the app to tap into self-guided digital sessions that include psycho-education,...
Teletherapy company Talkspace is facing a class action lawsuit alleging it misled investors about the company's financials in the run-up to its merger with a special purpose acquisition company.
The suit, filed Jan. 7, alleges investors weren't informed that Talkspace was seeing significantly increased advertising costs in its direct-to-consumer business, and it was seeing lower conversion rates...
Teletherapy company Talkspace announced Monday that president and chief operating officer Mark Hirschhorn had resigned following an internal review of his conduct “in connection with a company offsite that took place late last week.”
In a statement, the company said that Hirschhorn’s resignation was effective immediately and that Talkspace’s executive team would handle his responsibilities....
Healthcare software company Commure appointed Dr. Saurabha Bhatnagar as its new chief health officer, the company shared last week in a blog post.
Bhatnagar was most recently the chief medical officer and head of digital and technology of UnitedHealth Group. He also brings experience as a physician at Massachusetts General Hospital and a faculty member at Harvard Medical School.
As chief health...
Teletherapy company Talkspace has appointed Varun Choudhary, MD, MA DFAPA, as its new chief medical officer.
Choudhary brings over 17 years of behavioral health experience to the role. He most recently served as CMO at Magellan Health. At Talkspace, Choudhary will help scale the company’s clinical practice and provider network across the country.
In addition to his new role, Choudhary also serves...
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...
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