A new app allows seniors enrolled in the Lively Health & Safety offering to access in-home support services through Apple's wearable.
Hillrom says that lower-than-expected reimbursement rates proposed in late January void the deal. But the cardiac-monitoring device maker asserts they were accounted for during negotiations.
The company is initially targeting the large employer market with its app-connected biometric monitoring tools.
The company currently manages one million lives, and plans to expand its footprint with the new funds.
Along with the support of a Google Cloud-backed data platform, the partners will work to build and validate digital health programs for early intervention and engagement.
The disposable adhesive patches measure biomarkers like sweat and sodium loss, which are combined with external fitness and nutrition data to generate personalized workout and recovery recommendations.
The investment from "a leading national Integrated Delivery Network" brings the Series D's total to $100 million.
Set to close in Q2, the deal will provide the payer's healthcare services subsidiary with an integrated virtual care offering.
The virtual care company disclosed all-time-high revenue and membership growth during 2020, yet offered 2021 projections below what investors anticipated.
Industry regulatory leaders outline the best approaches for digital health companies looking to make sense of FDA's long-in-the-tooth enforcement discretion guidelines.
