Emily Olsen

Earlier this year, the prescription digital therapeutics company said it would put programs related to cognitive health outside of ADHD on hold.

According to a filing with the Securities and Exchange Commission, the company still plans to hire "to support its service capacity needs and growth expectations."

The partnership marks another move in home care for the retail giant, which has made several acquisitions in the space over the past few years.

Transcarent will purchase 98point6's virtual care platform and care business. After the deal, 98point6 will focus on licensing its software to third-party providers.

In a post on LinkedIn, Color CEO Othman Laraki said the company would focus on its core lines of business, including testing and telehealth infrastructure for government programs, and its prevention tools for employers and healthcare purchasers.

Scott Loughlin, partner at Hogan Lovells, discusses the Federal Trade Commission's recent enforcement action against GoodRx and what digital health companies should learn from the case.

In a proposed order, the online therapy company would also pay $7.8 million for allegedly sharing consumer data with third parties like Facebook and Snapchat for advertising purposes.

The digital health company reported $184.1 million in revenue for Q4, a 14% decline from the same period in 2021.

The wearable uses its motion sensors to determine if the user has taken a hard fall and can contact emergency services if they don't respond.

The company had previously received FDA clearance to use its prescription wearable to treat migraines at onset.