Finance
Clover Health reports first-time profitability on an adjusted EBITDA basis in the first quarter.
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.
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.
The health tech giant reported lower-than-expected sales and profits in the first quarter, resulting in its shares plummeting.
The telemedicine giant reported a net loss of $81.9 million in the first quarter of the year and a 20% increase in EBITDA year-over-year.
The SaaS company looks to harness Edgility’s AI capabilities to expand its patient-capacity offerings and augment its patient-flow model.
As part of the agreement, ShiftMed will provide services to 1,400 Genesis HealthCare locations.
Also, Indian pharmacy chain Zeno Health has acquired online pharmacy startup Tablt Pharmacy.