Artificial intelligence (AI) healthcare startup Babylon Holdings Limited is merging with the special purpose acquisition company (SPAC) Alkuri Global Acquisition Corp. to go public on Nasdaq under the ticker BBLN, with an equity value of approximately $4.2 billion. “We founded Babylon on a fundamental belief,...
Healthcare platform Thirty Madison is raising $140 million in a Series C funding round that values the startup at more than $1 billion. The round was led by new investor HealthQuest Capital, along with participation from Mousse Partners and Bracket Capital. Also participating in the...
Babylon, a medical startup that uses an app to connect patients with doctors, is nearing an agreement to go public via a special purpose acquisition company (SPAC), Bloomberg reported Friday (May 28). Talks between Babylon and the SPAC — Alkuri Global Acquisition Corp. — are...
InComm Payments, which works in global payments tech, is partnering with Visa on a new healthcare benefits solution, according to a press release. The Dual Network Benefits Card will combine the closed-loop, UPC-restricted OTC Network and open-loop Visa network into a new card which will...
Three of America’s four biggest drugstores saw their shares decline on Wednesday (May 26) following a report that Amazon may be getting into the pharmacy business. According to CNBC, CVS saw its shares drop by around 3 percent, Walgreens dropped almost 4 percent and Rite...
Alphabet’s Google and the national hospital chain HCA Healthcare are teaming up to create healthcare algorithms using patients’ medical records. The multi-year strategic partnership with Google Cloud aims to tap HCA Healthcare’s information technology to advance the company’s digital transformation, according to a press release...
American hospitals want more time to use emergency COVID-19 funding and are asking the Biden administration to extend a June 30 spending deadline. As The Wall Street Journal reported on Friday (May 21), there is still more than $30 billion in unspent cash from the...
Following the collapse of its joint health venture with Amazon and Berkshire Hathaway earlier this year, J.P. Morgan Chase said Thursday (May 20) it would launch its own healthcare company. The new business unit, Morgan Health, aims to provide better medical care for the banking...
Healthcare payments in the United States may not be all that healthy — a diagnosis easily made with a quick glance at the less-than-inspiring numbers that continually roll in from the segment. According to PYMNTS’ Healthcare Payment Experience Report released earlier this year, 22 percent of patients who...
