Finance
GoodRx will continue to own and operate its telehealth platform. The deal is expected to close at the end of November.
NeuTrace focused on developing in-procedure AI tools for electrophysiology.
Amwell, Hims & Hers, Insulet and Butterfly Network also post third quarter results.
The Silicon Valley Bank report found health tech companies in the U.S. and European Union have raised about $23 billion through the end of September this year.
Walgreens-backed VillageMD signed an agreement to purchase Summit Health, a multispecialty medical practice and parent company of urgent care provider CityMD. The deal is expected to close early next year.
The layoffs come three months after a $10 million extension that brought its Series C round to $115 million.
AeroDPC will operate as a subsidiary of Hint Health immediately following the deal. In 2023, the company plans to release a new product combining AeroDPC and HintOS' capabilities.
The acquisition will allow Color Health to provide behavioral and mental health treatment at scale.
The virtual care giant reported revenue of $611.4 million, a 17% year-over-year increase, and a net loss of $73.5 million in the third quarter.
A spokesperson said the company "adjusted staffing levels and other direct expenses caused by current challenges in the economy and market conditions."