Finance
In a post on LinkedIn, CEO and cofounder Florian Otto said the cuts will allow the company to "adapt to current market realities, and re-organize ourselves for what we want to achieve following last year's acquisition of OODA Health."
As part of the deal, Mercury will join WebMD Provider, the company’s business focused on consumer/physician engagement and clinical education.
Cue said it made the decision due to larger economic challenges and the federal government's recent move to divert funding from COVID-19 tests.
The merger with its principal shareholder TPG Capital is expected to close in the second half of 2022.
In February, Ro announced a $150 million fundraise that bumped its valuation to $7 billion.
SteadyMD announced a $25 million Series B raise in March 2021.
HIMSS22
Andrew Sorenson, Castell's chief analytics officer, discusses how healthcare providers can go beyond obvious uses in implementing value-based care.
Also: Oma Fertility emerges from stealth with $37.5 million in equity and debt financing, and payer data platform Abacus Insights scores $28 million.
Also, Nordic nurse-tech pioneer to launch in the UK.
The deal will allow the company to offer a combination of in-person physical therapy and virtual coaching tools.