Business
The company notified the SEC of a data breach after discovering an unauthorized party stole consumers' sensitive information, including patient health data.
The quarter marks the first time the company reported profitability on an adjusted EBITDA basis.
The company, which tailors cybersecurity offerings to health systems and providers, also appointed its first chief executive officer, Geyer Jones.
Also, Clanwilliam has formally established its ANZ division.
The company will use the funds to accelerate its AI capabilities and for strategic and commercial growth.
Business model is unsustainable due to a challenging reimbursement environment and escalating operating costs, company says.
The health tech giant reported lower-than-expected sales and profits in the first quarter, resulting in its shares plummeting.
GenAI company for health plans Alaffia Health and oncology-focused clinical-trial platform Klineo also secured funding.
The wearable-tech company broadened its reach to 56 markets worldwide, added Italian and Latin American Spanish to its app and appointed three C-suite executives.
It is envisioned to cover greater distances, serving Australia's rural and remote communities, while being sustainable.