Finance
The company also seeks to sell its U.K. business to third parties, exit the U.S. market and continue trying to sell Meritage Medical Network.
The company reported second-quarter revenue of $18.5 million with a net loss of $28.7 million, alongside operating expenses totaling $42.2 million.
Informa Markets will manage the massive health technology conference, while HIMSS will continue overseeing content and programming.
The purchase comes on the heels of the surgical navigation platform's $82.5 million Series D raise in June.
The company will use the investment to fuel the expansion of Paradigm,its FDA-cleared, AI-enabled surgical navigation platform.
The company reported a 19% increase in revenue in the second quarter of this year compared to the prior year, driven by an 82% increase in B2B revenue.
The New York-based company reported a 10% increase in revenue, boosted by an 18% gain from BetterHelp to $292.4 million.
GenHealth AI, maker of what it calls a large medical model, and senior-focused startup K4Connnect also secured investment.
The health tech giant reported $4.8 billion in revenue, a 7% growth year-over-year, and increased profit expectations for 2023.
The company let go of 48 workers in the U.S.