Digital health firm Babylon Holdings Ltd. is reportedly teetering on the edge of collapse after its merger plans with another healthcare company fell through. The United Kingdom-based company, known for its app that connects patients with doctors, has filed a notice of intention to appoint administrators in...
In the year to October 2022, Babylon Health facilitated over a million U.K. telehealth appointments. As the U.K.-founded digital-first health service provider revealed during a presentation on Thursday (Jan. 12), Babylon’s network of over 870 U.K. virtual healthcare providers delivered 1 million-plus appointments in the...
Around the world, access to quality affordable healthcare is being threatened by rising costs and the current economic downturn. As Ali Parsa, the CEO of U.K.’s Babylon Health told shareholders during a Q3 earnings call on Thursday (Nov. 10), “the significant increase […] in the...
U.K.’s leading digital healthcare company, Babylon Health, recently announced its second quarter (Q2) 2022 results, highlighting significant growth in the U.S. despite a $157 million loss during the period. Founded in 2013, the London-based digital-first health company made its foray into the U.S. via a...
April 22, 2024
As artificial intelligence (AI)-powered chatbots become increasingly common in healthcare, questions about their effectiveness and reliability continue to spark debate. The World Health Organization (WHO) has introduced an AI health assistant, but recent reports say it’s not always accurate. Experts say health chatbots could have a big impact on the healthcare business, but their varying […]
August 30, 2023
Digital health firm Babylon Holdings Ltd. is reportedly teetering on the edge of collapse after its merger plans with another healthcare company fell through. The United Kingdom-based company, known for its app that connects patients with doctors, has filed a notice of intention to appoint administrators in the U.K. High Court, indicating a potential cash shortage, Bloomberg reported Wednesday […]
March 17, 2022
Hoxton Ventures announced Thursday (March 17) that it closed a $215 million fund to help Europe’s new startups scale up, a press release said. The fund, Hoxton III, was “significantly...
