Finance

Also, Nordic nurse-tech pioneer to launch in the UK.

The deal will allow the company to offer a combination of in-person physical therapy and virtual coaching tools.

The all-cash deal is expected to close by the end of the year, subject to regulatory clearance.

Shipments of wearables declined 3% year-over-year, according to a report by the International Data Corporation.

The Wolf+Friends app will relaunch this summer to include support groups facilitated by DotCom's mental health professionals as well as educational content.

The secondary care platform will soon offer online doctor consultations as part of its expansion into primary care.

The suit claims Teladoc, CEO Jason Gorevic and CFO Mala Murthy made misleading statements or failed to disclose that increased competition was affecting its BetterHelp mental health segment and its chronic care business.

This marks the company's second deal this year. It announced plans to acquire a network of fertility clinics in February.

CEO Eren Bali said the company was winding down some of its COVID-19-related services and plans to shift its focus from growth to profitability.

Also: Autism-focused SpectrumAi and cancer clinical trial platform Massive Bio both scooped up $9 million.