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The funds will support the company's global growth and advance its AI-enabled Internet of Things platform.
The Series C equity and debt financing round brings the company's total raise to $103 million. Two Chairs will use it to expand its reach nationally.
The company plans to use the funds to further its AI development and create new hybrid solutions.
The New York-based mental health company also announced a measurement-informed system to help providers transition to value-based care.
Stock exchange rules give Amwell six months to comply with its minimum price requirement of $1 per share or be delisted. Amwell last traded above $1 in March.
Tom Peterson, CEO of Blackbird, joined MobiHealthNews to discuss the company's offerings, its recent Series A raise and what it will do with the funds.
Also, Indian pharmacy chain Zeno Health has acquired online pharmacy startup Tablt Pharmacy.
EarliTech Diagnostics secured $21.5 million, Manifold emerged with $15 million, and Beanstalk Benefits launched out of Redesign Health with $7.5 million.
The acquisition will boost GE HealthCare’s software offerings in oncology, neurology and cardiology.
The chronic care management company reported a 47% decrease in revenue in Q4 2023 compared to 2022 and a $7.3 million loss in year-over-year revenue.