bankruptcy
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Babylon Health’s CEO ‘Should Spend Some Time With Elizabeth Holmes’
U.K. doctor David Watkins has been a public critic of Babylon Health and its AI technology for years, during which has received anonymous emails from Babylon employees who shared his concerns but feared to speak out publicly. After Babylon collapsed, a former employee publicly declared that the AI engine was indeed faulty. As a longtime skeptic of Babylon’s claims surrounding its technology, Watkins said that Ali Parsa, the company’s CEO, shouldn’t be treated any differently to Elizabeth Holmes.
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Devices & Diagnostics, BioPharma
Pear Therapeutics Files for Bankruptcy and Plans for Asset Auction in May
Pear Therapeutics’ Chapter 11 bankruptcy filing follows three corporate restructurings and the inability to secure additional financing to support commercialization of its FDA-cleared prescription digital therapeutics. An auction of Pear’s assets is expected to happen in early May.
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Payer’s Place: Dawn Maroney
Dawn Maroney, President, Markets of Alignment Health and CEO of Alignment Health Plan, to discuss how they are using technology to provide better service and care to consumers.
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FDA Authorizes First Covid-19 and Flu Test, But Its Maker Files for Bankruptcy
Lucira Health now has the first FDA authorized diagnostic that detects the novel coronavirus and influenza in a single test. But the regulatory decision comes too late for the diagnostics developer, which has filed for bankruptcy protection.
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Lawsuit: Cerner systems’ failure drove Astria Health into bankruptcy
The Washington-based health system has filed a lawsuit against EHR giant Cerner saying it intentionally misrepresented its products and services. Cerner’s systems did not operate as promised, leading to severe cash collection issues at Astria Health and forcing it into bankruptcy in 2019, the suit alleges.
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Purdue to plead guilty, pay $8.3B deal to resolve opioid charges
In addition to monetary damages and the guilty pleas, the government is seeking to transform the maker of OxyContin into a public benefit company that would fund efforts to curb opioid abuse and give away drugs to prevent overdose deaths.
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Court approves Otsuka’s bid to buy Proteus for $15M
A bankruptcy court in Delaware approved a stalking-horse bid from Otsuka to acquire Proteus Digital Health for $15 million. The company, which makes sensor that can be embedded in pills to track medication adherence, filed for bankruptcy in June.
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Attorneys general balk at Purdue Pharma bankruptcy filing
The company filed for Chapter 11 Monday, but the move was criticized by some, particularly attorneys general in Massachusetts and Connecticut, amid reports that the Sackler family wired about $1 billion to overseas accounts.
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Health IT startup CloudMine files for Chapter 7 bankruptcy
The Philadelphia company, which enabled organizations to create secure digital health applications, had raised capital from Safeguard Scientifics, Dreamit Ventures, Robin Hood Ventures and Ben Franklin Technology Partners and had customers like Thomas Jefferson University Hospitals and the American Heart Association.
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Genetic testing firms filing for bankruptcy deprive CMS of hundreds of millions
While some doctor-owned labs have dodged collection efforts for years, several testing firms deeply in debt to Medicare appear to have few assets to repay overcharges dating back years, court records show.
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Applying Remote Patient Monitoring to Surgery Prep and Recovery, Oncology and Women’s Health
Join us to learn about the latest trends in remote monitoring and how to extend its benefits beyond chronic conditions to more patients – all while using fewer staff resources.
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Health IT, Devices & Diagnostics
Sotera Wireless files for Chapter 11 bankruptcy protection
Sotera’s ViSi Mobile system was designed to wirelessly transmit vitals data to clinicians with the goal of improving patient safety.
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Bidding war develops for assets and IP of bankrupt HealthSpot
With two competing bids received before Wednesday’s deadline. the U.S. Bankruptcy Court in Columbus, Ohio, will hold an auction Monday.
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Court approves HealthSpot liquidation
The bankruptcy trustee is now accepting offers for HealthSpot’s assets, including 191 telemedicine kiosks, most of which have never been used.
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HealthSpot to liquidate rather than reorganize
HealthSpot listed assets of $5.2 million and liabilities of $23.3 million, and only generated $1.1 million in revenues over three years.
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$1M hospital stay shows Canadian couple limits of private travel insurance
Last October, Jennifer Huculak and her husband from Saskatchewan took a vacation to Hawaii while […]
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Payer’s Place: Dr. Anil Singh
Dr. Anil Singh shares his insights into the strategies employed by the organization to identify the most effective digital solutions for their members.
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Discover the Next-Gen Platform for Integrated Collaborative Care
Beyond EHRs and digital front doors, reducing the gaps in patient care journeys.
