Hims & Hers Health's stock price is up Tuesday after the direct-to-consumer virtual care company reported nearly doubling its revenue in 2022.
The company posted revenue of $526.9 million for the year compared with $271.9 million in 2021. Hims & Hers still posted a net loss of $65.7 million, but it narrowed from a loss of $107.7 million in the prior year.
In the fourth quarter, Hims...
Lucira Health announced it filed for Chapter 11 bankruptcy last week just as the diagnostics company received Emergency Use Authorization from the FDA for an at-home combination COVID-19 and flu test.
In the company's bankruptcy filing, it lists about $146 million in assets and liabilities of around $85 million. Lucira plans to use approximately $4.5 million cash on hand to fund operations as it...
Blue Cross and Blue Shield of Minnesota announced it had entered into a full-risk value-based care arrangement with hybrid startup Homeward that aims to increase access for rural Minnesotans.
The insurer and the rural healthcare startup said Medicare Advantage members in 24 Minnesota counties outside of the Twin Cities metropolitan area will be able to use Homeward's services. The company offers...
Earlier this month, the newly spun-off GE HealthCare revealed its second planned acquisition as an independent company. It signed an agreement to acquire Caption Health, which developed AI-enabled guidance software for ultrasound imaging.
Karley Yoder, general manager and chief digital officer for ultrasound at GE HealthCare, said the guidance software allows more clinicians to confidently use...
Teladoc Health stock fell Thursday after the virtual care company reported a $13.7 billion net loss, or $84.60 per share, in 2022.
That compares with a net loss of $428.8 million, or $2.73 per share, in 2021. The figure included $13.4 billion in noncash goodwill impairment charges following Teladoc's 2020 acquisition of chronic-condition management company Livongo.
Teladoc posted revenue of $2....
Amazon closed its $3.9 billion acquisition of primary care provider One Medical shortly after multiple news outlets reported the Federal Trade Commission wouldn't sue to block the deal.
The acquisition marks another move into healthcare for the tech and retail giant. It's launched a number of ventures in the space, including the new Amazon Clinic and the recently shuttered Amazon Care offering...
Copenhagen-based digital health company Dawn Health announced a strategic partnership with pharma giant Novartis to develop a chronic condition management platform.
Under the collaboration, Dawn and Novartis will build remote monitoring and management tools for chronic conditions where they see an unmet need and concerns around disease progression, like multiple sclerosis, hypertension,...
Deidentifying data from wearable devices may not be enough to protect users' privacy, according to a review of studies published in the Lancet Digital Health.
The analysis focused on studies that evaluated whether individuals could be reidentified based on biometric signals from wearables. The researchers included 72 studies in their final review. Most focused on using EEG, ECG and inertial...
Axena Health, which makes a women's pelvic health digital therapeutic, announced it had raised a $25 million Series A investment from XA IM Alts.
WHAT THEY DO
Axena offers the Leva Pelvic Health System, a prescription digital therapeutic aimed at treating urinary incontinence and chronic fecal incontinence in women. The system, which has received FDA 510(k) clearance, includes a vaginal motion...
Digital musculoskeletal (MSK) health company IncludeHealth announced it had raised $11 million in a funding round led by CincyTech with participation from Tamarind Hill and other investors.
The company said it would use the funds to expand MSK-OS, its virtual care platform for delivering musculoskeletal care and physical therapy. Late last year, IncludeHealth announced a partnership with Yale New...
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