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In a post on LinkedIn, CEO and cofounder Florian Otto said the cuts will allow the company to "adapt to current market realities, and re-organize ourselves for what we want to achieve following last year's acquisition of OODA Health."

A jury found Balwani guilty on all 12 charges he faced, including 10 counts of wire fraud and two counts of conspiracy to commit wire fraud.

Tebra, the result of a recent merger between Kareo and PatientPop, said the equity and debt financing brings its valuation to more than $1 billion.

The startup plans to use the funds to expand to states with large TRICARE populations, like Texas, Florida and Virginia.

The funds will support its expansion across India. 

As part of the deal, Mercury will join WebMD Provider, the company’s business focused on consumer/physician engagement and clinical education.

Happify Health chief strategy officer Chris Wasden discusses the company's partnership strategy, the business environment for digital therapeutics and how to encourage physician uptake.

The startup, formerly known as HealthTensor, previously raised a $5 million seed in early 2021.

Ria offers recovery coaching and medication-assisted treatment.

The startup announced it had raised $63 million equity and debt financing in September.