Finance
As part of the deal, Mercury will join WebMD Provider, the company’s business focused on consumer/physician engagement and clinical education.
Cue said it made the decision due to larger economic challenges and the federal government's recent move to divert funding from COVID-19 tests.
The merger with its principal shareholder TPG Capital is expected to close in the second half of 2022.
In February, Ro announced a $150 million fundraise that bumped its valuation to $7 billion.
SteadyMD announced a $25 million Series B raise in March 2021.
Also: Oma Fertility emerges from stealth with $37.5 million in equity and debt financing, and payer data platform Abacus Insights scores $28 million.
Also, Nordic nurse-tech pioneer to launch in the UK.
The deal will allow the company to offer a combination of in-person physical therapy and virtual coaching tools.
The all-cash deal is expected to close by the end of the year, subject to regulatory clearance.
Shipments of wearables declined 3% year-over-year, according to a report by the International Data Corporation.