Investing

Calibrate Raises $100M Series B for Weight Loss Platform

Calibrate Raises $100M Series B for Weight Loss Platform

In its first year since launch, weight loss telehealth platform Calibrate raised $100 million in capital funding from investors. The series B funding round was co-led by Founders Fund and Tiger Global, both new investors, and had participation from Optum Ventures and existing investors. In addition to the funding, Brian Singerman, a partner at Founders Fund, will join Calibrate’s board of directors. “We know that investing in preventative care works intuitively,” Calibrate’s founder and CEO Isabelle Kenyon said. “And so, year one at Calibrate was really about proving through outcomes and results that that makes sense, and that equation makes…
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Doximity (DOCS) has IPO on New York Stock Exchange

Doximity (DOCS) has IPO on New York Stock Exchange

Doximity’s revenue climbed 77% in the latest fiscal year to $206.9 million, and net income jumped 69% to $50.2 million.Founded in 2011, Doximity has established itself as the LinkedIn for doctors and now has over 1.8 million medical professionals on its network.The company makes money primarily by allowing drugmakers to promote products and services to doctors and as a recruiting tool for medical systems. Doximity, the company that describes itself as the LinkedIn for doctors, more than doubled in its stock market debut on Thursday after raising close to $500 million in its IPO. Doximity sold 19 million shares for…
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MeMD Acquired by Walmart

MeMD Acquired by Walmart

Walmart Health has entered into an agreement to acquire MeMD, a multi-specialty telehealth partner, according to a Thursday (May 6) press release. The release said the acquisition works toward Walmart's goal of "integrated, omnichannel health delivery that leverages data and technology to improve engagement, health equity and outcomes." “Telehealth offers a great opportunity to expand access and reach consumers where they are and complements our brick-and-mortar Walmart Health locations. Today people expect omnichannel access to care, and adding telehealth to our Walmart Health care strategies allows us to provide in-person and digital care across our multiple assets and solutions,” said…
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