Finance
The publicly traded company, which announced it was seeking strategic alternatives for its business last month, will go private thanks to the merger.
This is the latest in its string of acquisitions to expand its digital health portfolio.
Bill Kopitke, head of healthcare at Amazon Business, discusses how the company uses analytics to help improve operations and supply management in care settings.
Also, Lunit has completed its acquisition of breast screening AI company Volpara.
Sonio will remain an independent company following the acquisition.
The company's stock price dropped after it released its first-quarter earnings and lowered its full-year guidance despite an increase in revenue.
Clover Health reports first-time profitability on an adjusted EBITDA basis in the first quarter.
The company notified the SEC of a data breach after discovering an unauthorized party stole consumers' sensitive information, including patient health data.
The quarter marks the first time the company reported profitability on an adjusted EBITDA basis.
Also, Clanwilliam has formally established its ANZ division.