Finance
The acquisition is part of the healthcare tech company's plan to expand globally.
The company plans to use the new cash to build its staff and grow its services.
The company will put the funding toward market adoption and new product creation.
The company, formerly known as Pacific Knowledge Systems, will absorb three applications by Ainsoff that help reduce the risk of death for seriously ill patients and automate key clinical processes.
The company uses machine learning to detect, monitor and treat chronic and long-term health conditions.
The new acquisition is set to give K Health more behavioral health capabilities.
Also: Better Therapeutics scored a $50 million loan facility, DiA Imaging Analysis raised $14 million and SCAN Group invested in MedArrive.
Ginger’s CEO Russell Glass will take over as CEO of Headspace Health, and Headspace CEO CeCe Morken will continue to serve as Headspace CEO and president of the combined company.
Connect America signed a definitive agreement to acquire 100Plus for an undisclosed sum.
Funding will be used towards scaling the platform, focusing on product development and expansion across the Kingdom and the rest of the GCC region.