Finance
The Dubai-based insurtech platform, which was launched in December last year, manages healthcare claims on behalf of providers to relieve them of cash flow issues.
The company is working with the Mayo Clinic on a tool called Neuroglee Connect.
Also: Corti.ai raises $27 million and DotCom Therapy scoops up $13 million.
Azalea is pitching this M&A as a way to boost its analytics capabilities.
Invitae said the acquisition will provide patients with a centralized hub for their genomic and clinical data.
Also: Solv wraps up a $45 million Series C funding round, and Singapore-based Homage secures $30 million.
The acquisition announcement comes just after WHOOP reported it had raised $200 million in Series F funding.
This news comes less than a year after the company closed a $1.5 million seed funding round.
Using the reSET-O app in addition to other opioid treatments lowered healthcare costs by $1,014 and added 0.003 quality-adjusted life years compared with treatment alone.
One Medical shareholders will now own 73% of the joint company and Iora Health shareholders will have 27%.