Digital well being chatbot Babylon introduced its plans to purchase affected person engagement device DayToDay for an undisclosed sum. This information comes simply weeks after the U.Ok.-based startup wrapped up its acquisition of health kiosk company Higi.
Boston-based DayToDay is concentrated on guiding sufferers via their healthcare journey. Sufferers can use the platform to faucet into academic supplies earlier than or after surgical procedure, a scientific go to or hospitalization. The platform additionally connects sufferers to scientific assist from a care crew.
Babylon plans to roll DayToDay’s capabilities into its digital platform to assist members who’re making ready or recovering from a medical intervention.
“Becoming a member of Babylon will empower DayToDay to scale its sturdy platform to scientific areas by deploying its confirmed platform to the Babylon buyer base,” Prem Sharma, CEO of DayToDay Well being, stated in a press release. “Working collectively, we will faucet into Babylon’s AI capabilities and enhance the digital care expertise for each sufferers and suppliers alike.”
WHY IT MATTERS
Mergers and acquisitions proceed to be a preferred exit possibility amongst digital well being firms. Rock Health studies that within the first three quarters of 2021 there have been 216 digital well being M&As.
Along with digital firms like Higi and DayToDay, Babylon has its eyes on supplier organizations. Final yr it acquired California-based medical group Novato, as effectively First Choice Medical Group’s Fresno and Madera operations.
THE LARGER TREND
Babylon obtained its begin within the U.Ok. market, however has rapidly grown its geographical footprint. In 2019, the corporate introduced its plans to launch within the U.S. market. The corporate has additionally labored in Canada.
The corporate has an extended historical past working with the Rwandan authorities. In March 2020, the company signed a 10-year partnership with the Rwandan authorities giving each individual over the age of 12 entry to digital well being consultations.
The corporate introduced its plans to go public final summer time via a SPAC merger with Alkuri Global Acquisitions in a deal price roughly $4.2 billion.