Health and Wellness

The companies said their long-term goal is to develop and offer more digital health tools "through a multi-partner ecosystem" as well as advocate for reimbursement options.

The funding will also go toward attracting leadership talent and accelerating product development, marketing and sales.

The digital mental health unicorn confirmed it received a grand jury subpoena from the U.S. Attorney's Office for the Eastern District of New York on the evening of May 4.

The clearance represents what could be the world's first regulatory approval of a DTx app for hypertension treatment.

Also: Butterfly Network reports a year-over-year revenue increase of more than 25%, with a $44.5 million net loss, and One Medical announces a significant jump in revenue.

Under the deal, MedRhythms would receive a $3 million upfront payment and could earn up to $117.5 million if certain milestones are met.

Also: Pediatric behavioral health company Brightline partners with a youth health education nonprofit to develop teen programs, and digital fitness startup FitOn launches courses for seniors and people with chronic conditions.

The suspension comes as the digital mental health company faces increasing pressure over its prescription practices, particularly for ADHD medications.

The completed deal comes weeks after LetsGetChecked announced its intent to acquire Veritas Genetics and Veritas Intercontinental.

The AI tech can spot signs of pancreatic cancer from non-contrast CT images.