Business
The newest offering is spirometry testing to evaluate patients for chronic obstructive pulmonary disease.
The company will distribute AlertWatch to hospitals in the U.S. as part of its strategic partnership with Medtronic.
Calm Health, offered through providers, payers and self-insured employers, builds off the company's acquisition of Ripple Health Group.
The company will use the funds to expand its platform and accelerate global commercialization.
During its earnings call this week, Walgreens' CEO said the company would invest in an organization currently achieving EBITDA.
According to reporting by TechCrunch, the company laid off around 500 employees.
The company will expand its network and platform and increase R&D investments.
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.