Business
The Israeli startup raised the first $50 million in April 2020 in a round led by Insight Partners, which led this extension as well.
Hillrom says that lower-than-expected reimbursement rates proposed in late January void the deal. But the cardiac-monitoring device maker asserts they were accounted for during negotiations.
This brings the company's total valuation to $1.7 billion.
The company is initially targeting the large employer market with its app-connected biometric monitoring tools.
The company currently manages one million lives, and plans to expand its footprint with the new funds.
Along with the support of a Google Cloud-backed data platform, the partners will work to build and validate digital health programs for early intervention and engagement.
Numan plans to continue its expansion organically and through further M&A activity.
The investment from "a leading national Integrated Delivery Network" brings the Series D's total to $100 million.
J.P. Morgan's Stuart Hanson outlines three strategies for organizations looking to keep pace with digital transformation spurred by COVID-19.
Outside of the claims, One Medical’s financial results for both the fourth quarter and full year of 2020 improved year-over-year.