GE HealthCare announced essentially flat organic growth in the first quarter of this year compared to Q1 last year, and a 1% decrease in revenue year-over-year, from $4.7 billion in 2023 to $4.65 billion in 2024, causing its stock price to plummet 14.3%.
The company reported a net income of $374 million in the first quarter, compared with $372 million in the prior-year period, and adjusted...
New York City-based startup Trovo Health, which offers an AI-powered platform backed by a multidisciplinary clinical team that assists providers with complex tasks, announced its launch with $15 million in seed funding.
Oak HC/FT led the round. Cofounder and managing partner at Oak HC/FT, Andrew Adams, will join Trovo's board of directors.
The company will use the funds to build its technology...
Boston-based wearable fitness company WHOOP announced it expanded its language offerings and global footprint, now shipping to 56 markets worldwide, including Hong Kong, Bahrain, Korea, Saudi Arabia, Qatar, Israel, Taiwan and Kuwait.
WHOOP's wearable health tracker collects physiological data on heart rate, sleep, recovery and strain. Users also have the option to track their menstrual cycle. Its...
Teletherapy company Talkspace announced the launch of Behavioral Health Consortium, an offering allowing clinicians to refer insured members with high-acuity needs to in-network specialty-care providers for alcoholism, substance use and eating disorder treatments.
The network includes virtual opioid use treatment company Bicycle Health, outpatient mental health support company Charlie Health and...
A project building a specialised medical drone at the University of Sydney has received A$3.6 million ($2.3 million) in funding.
Backed by a strategic partnership between the university and health sector-focused ASAC Consultancy, the Wildu Aero Project is developing a hydrogen-fuelled vertical take-off and landing (VTOL) unmanned aerial vehicle (UAV) for carrying medical cargo.
What sets this...
The South Korean Ministry of Food and Drug Safety (MFDS) has recently approved two digital devices that assist in respiratory rehabilitation and treatment of vision impairment due to cognitive illnesses.
EasyBreath by Share & Service is a mobile application that provides an eight-week respiratory rehabilitation programme for persons with chronic obstructive pulmonary disease, asthma, and lung...
Virtual care company Teladoc reported $646.1 million in revenue in the first quarter of 2024, a 3% increase from $629.2 million in Q1 2023.
Its revenue from Teladoc Health Integrated Care increased to $377.1 million in Q1 2024, an 8% increase year-over-year, and BetterHelp revenue decreased 4% to $269 million.
The company posted an adjusted EBITDA of $63.1 million, a 20% year-over-year increase...
Nanyang Technological University Singapore has developed a ring-type device that can help speed up the analysis of skincare cosmetic products.
Dubbed HapSense, the wearable device is shaped like a signet ring and worn on the fingertip. It captures data on friction and pressure in near real-time with high sensitivity to offer "precise, objective and quantifiable" measurements of tactile sensation...
Pediatric telehealth startup Summer Health announced the close of a $11.65 million Series A raise led by 7wireVentures and Lux Capital.
Pivotal Ventures, a Melinda French Gates fund, participated in the raise, alongside existing investors Sequoia Capital, Box Group and Chelsea Clinton’s Metrodora Ventures.
Alyssa Jaffee, partner at 7wireVentures, Alfred Lin of Sequoia Capital, Deena Shakir of...
