Amwell reported a significantly larger net loss in the first quarter due to a noncash goodwill impairment charge related to a lasting decline in the company's share price.
The telehealth company posted a $398.5 million loss compared with $70.3 million in the prior-year period and a $61.6 million loss in the fourth quarter. The impairment charge was $330.3 million.
"This charge resulted from the...
Patient billing and communications platform Inbox Health has completed its $22.5 million Series B financing round, bringing its total raise to more than $43 million.
Ten Coves Capital led the round with participation from existing investors Vertical Venture Partners, CT Innovations, Healthy Ventures, Commerce Ventures and Fairview Capital.
Steven Piaker, managing partner at Ten Coves Capital,...
Smartphone urinalysis company Healthy.io announced Wednesday it had wrapped up a $50 million funding round.
The Series D, which also includes a previously unannounced $45 million raise from early last year, was led by Schusterman Family Investments, with participation from Aleph and existing investors.
Healthy.io said the funds will be used to expand in the U.S. The company has offices in Boston...
Talkspace reported an 11% increase in revenue in the first quarter that was driven by an increase in its business-to-business sales.
The teletherapy company reported $33.3 million in revenue compared with $30.2 million in the prior-year period. It noted a 71% increase in its B2B revenue year-over-year and 40% decline in its consumer revenue.
The New York-based company reported a net loss of $8.8...
Uwill, a mental health platform for colleges and students, completed a $30 million Series A funding round led by Education Growth Partners.
WHAT IT DOES
The company partners with colleges to offer students on-demand virtual access to licensed therapists and providers trained in crisis counseling. Students can also attend online wellness events through the company's mental health-and-wellness app...
Hybrid fertility and reproductive care company Kindbody scored a $25 million investment from JPMorgan Chase's business unit focusing on employer-sponsored healthcare, Morgan Health.
Dr. Cheryl Pegus, managing director of Morgan Health Ventures, will join Kindbody's board of directors.
WHAT THEY DO
The New York-based company offers virtual and in-person services, including egg freezing,...
Practice Better, a practice management platform for health and wellness practitioners, scored a $27 million growth investment led by Five Elms Capital.
WHAT THEY DO
The Canadian company offers a platform for health and wellness professionals to manage a range of services, including scheduling appointments, managing billing and payments, providing telehealth and messaging.
The funding will help...
Tricog snaps up $9M funding for US expansion
AI-based cardiac diagnosis solution provider Tricog has raised Rs 700 million ($8.5 million) in a Series B2 funding round led by Japanese institutions, Omron and Sony Innovation Fund. The round was also participated by the University of Tokyo Edge Capital, Inventus Partners, and Singapore's SG Innovate.
The startup plans to use its fresh funds for its...
Teladoc Health stock rose Wednesday night after the virtual care company posted a revenue boost and a narrower loss in the first quarter this year.
Teladoc reported revenue of $629.2 million, an 11% increase from $565.4 million in the first quarter of 2022.
Net loss was $69.2 million, or $0.42 per share, compared with $6.7 billion, or a loss of $41.58 per share, in Q1 last year. In 2022, Teladoc'...
Surgical collaboration app Chiefy announced this week it had raised $4.2 million in a seed funding round led by LionBird with participation from Nina Capital and Emerge Ventures.
WHAT IT DOES
The startup offers a chat and communication platform that allows members of the surgical team to hold a pre-operation briefing virtually, instead of relying on in-person meetings or text messages, emails and...
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