Finance

The acquisition will allow Clinix to further reach patients in rural India.

Peloton said it's expanding its partnership with Taiwanese company Rexon Industrial Corp., which will become the primary manufacturer of its bike and treadmill products.

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."

As part of the deal, Mercury will join WebMD Provider, the company’s business focused on consumer/physician engagement and clinical education.

Cue said it made the decision due to larger economic challenges and the federal government's recent move to divert funding from COVID-19 tests.

The merger with its principal shareholder TPG Capital is expected to close in the second half of 2022.

In February, Ro announced a $150 million fundraise that bumped its valuation to $7 billion.

SteadyMD announced a $25 million Series B raise in March 2021.

Also: Oma Fertility emerges from stealth with $37.5 million in equity and debt financing, and payer data platform Abacus Insights scores $28 million.