Behavioral health
Adam Elsesser, president, chairman and CEO of Penumbra, describes the medical device company's move into virtual reality and how its REAL system helps therapists measure a patient's progress.
The acquisition will allow Color Health to provide behavioral and mental health treatment at scale.
A Cerebral spokesperson said the cuts were "focused specifically on realizing operational efficiencies while prioritizing clinical quality and safety across the organization."
The traditional healthcare industry could face pressure from changing trends, including the emergence of Amazon, Walmart, CVS and Walgreens as larger players.
Genomic testing company Variantyx raised $20 million in debt financing, and mental health provider Mindful Care scooped up $7 million.
Calm Health, offered through providers, payers and self-insured employers, builds off the company's acquisition of Ripple Health Group.
The company will expand its network and platform and increase R&D investments.
The virtual care startup for LGBTQ+ patients will also use the investment to expand its recently launched enterprise offering.
The company announced a $10 million Series B raise last year.
The startup said it will use the Series A funds to continue developing its software.