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The company said the sale of Meritage Medical Network will allow it to focus on its digital-first, value-based care contracts.
The company let go of 20% of its workforce last week.
The virtual care startup for LGBTQ+ patients will also use the investment to expand its recently launched enterprise offering.
Its mobile app is slated to be released in late 2023.
The collaboration will allow Rite Aid to relocate its fundamental applications to Google Cloud, including its vaccine scheduling tool, customer messaging infrastructure and digital engagement platform.
The company will also stop offering Medicare Advantage plans outside of California and Florida.
The company announced a $10 million Series B raise last year.
It uses voice records of people uttering three sounds that are similar to a Hindu meditation chant.
It is part of an artificial pancreas system that mimics the human body's closed-loop system for insulin production.
The cloud-based software company's platform will connect hospitalists with post-acute and long-term care providers.