Business

The Rock Health report found U.S. digital health startups raised $10.3 billion in the first half of 2022, putting the year on track to fall short of 2021. But there are some bright spots for the sector.

This comes after the health tech startup restructured its business in May.

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.

Making future healthcare delivery sustainable takes ensuring the patient is not merely connected, but the center of care, says Dr. Paul Garassus, president, European Union of Private Hospitals.

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.

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