Finance
The virtual care giant reported a $6.7 billion loss in the first quarter, driven by a non-cash goodwill impairment charge related to its 2020 Livongo deal.
Also: Mount Sinai Innovation Partners launches a BIPOC-focused fund, and Carbon Health acquires more clinics in Southern California.
This brings the company's valuation to $1 billion.
The proposed acquisition and research partnership will add to the biopharmaceutical giant's growing digital capabilities and bolster its efforts "to pave a new era for digital health".
This acquisition will allow quip to offer virtual dental care.
This marks THREAD's third recent acquisition, including the inVibe deal announced early this year and the Modus Outcomes purchase from November.
Digital health startups raised $10.4 billion worldwide in Q1, according to CB Insights' report.
Also: 9am.health scored $16 million for diabetes care, and Nudj Health lands $10 million.
The company now operates in six states and treats mental health conditions and substance use disorder.
The company plans to use the new capital to grow its team, move into new markets and expand its scope beyond primary care.