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The company plans to use the funds to further its AI development and create new hybrid solutions.
The New York-based mental health company also announced a measurement-informed system to help providers transition to value-based care.
Stock exchange rules give Amwell six months to comply with its minimum price requirement of $1 per share or be delisted. Amwell last traded above $1 in March.
Tom Peterson, CEO of Blackbird, joined MobiHealthNews to discuss the company's offerings, its recent Series A raise and what it will do with the funds.
Also, Indian pharmacy chain Zeno Health has acquired online pharmacy startup Tablt Pharmacy.
EarliTech Diagnostics secured $21.5 million, Manifold emerged with $15 million, and Beanstalk Benefits launched out of Redesign Health with $7.5 million.
The acquisition will boost GE HealthCare’s software offerings in oncology, neurology and cardiology.
The chronic care management company reported a 47% decrease in revenue in Q4 2023 compared to 2022 and a $7.3 million loss in year-over-year revenue.
The San Francisco-based telemental health company will use funds to grow into new markets.
The recent investment brings the company's total raise to $151 million and will help it scale its offerings and conduct clinical research.