digital health mergers and acquisitions
The acquisition comes just months after Cerebral reached a settlement with the FTC over allegations of deceptive subscription and data-sharing practices.
The acquisition brings the parties' cross-litigation alleging patent infringements to a close.
The deal includes an additional $5 million that could be paid to Catapult based on its performance after the sale.
The publicly traded company, which announced it was seeking strategic alternatives for its business last month, will go private thanks to the merger.
CB Insights' State of Digital Health 2021 Report also found 574 M&A deals, up 44% from 2020.
Headspace Health is combining Ginger and Headspace for Work into a single offering for employers.
Valo’s flagship product is its Opal Computational Platform, designed to create a new model for drug discovery.
PWNHealth will rebrand as Everly Health Solutions and will operate as an independent arm of Everly Health.
The companies expect the deal to close in the second quarter of 2021, subject to customary closing conditions.
The company hopes to reach new and existing customers with the addition of LifeDojo’s digital tools that can lead to better health outcomes and lower associated costs.