Business
The company was founded by former Google DeepMind and Owkin scientists.
The AI-enabled company attributes its revenue growth to its HealthTrio and Decision Point Healthcare Solutions acquisitions, announced in December.
Board members play a vital role in embracing digital innovation, from understanding its impact to making strategic decisions that shape companies' future.
Merit Medicine, which offers AI technology to self-funded employers, also secured investment.
According to the bankruptcy petition, the company has liabilities of $1 billion to $10 billion and assets of $500 million to $1 billion.
A study commissioned by EY revealed that 71% of healthcare executives said hospital expenses have not decreased, although their systems have integrated digital health.
Lilli, a tech-enabled lifestyle monitoring company, and Essence, an app for companies aiming to improve the female experience in the workplace, also secured funding.
The combined entity will offer primary care, mental health, occupational health, and pharmacy and musculoskeletal services to a combined base of 630 clients.
The California-based company will put the funds toward its workforce, growing its data and further investing in R&D initiatives and engineering capabilities.
Personify will merge Virgin Pulse's wellbeing, health and comprehensive navigation services with HealthComp's health plan administration offerings.