Business
HealthJoy, Hazel Health, Navina, Galen Robotics, Midi Health and Lumata Health also announced funding rounds.
The acquisition will allow Color Health to provide behavioral and mental health treatment at scale.
The virtual care giant reported revenue of $611.4 million, a 17% year-over-year increase, and a net loss of $73.5 million in the third quarter.
HSS announced it raised $21 million in Series A funds to launch the new company.
A spokesperson said the company "adjusted staffing levels and other direct expenses caused by current challenges in the economy and market conditions."
Noala, Elion and Upheal also announced funding rounds.
This summer, AIVF announced it had raised $25 million in Series A funding.
A Cerebral spokesperson said the cuts were "focused specifically on realizing operational efficiencies while prioritizing clinical quality and safety across the organization."
The company will speed up its clinical trial recruitment measures, raise awareness of post-approval treatments and support cancer research.
The acquisition will expand Unified's portfolio of women-focused companies to include menopause-relief offerings in all 50 states.