Babylon Health Archives - MedCity News https://medcitynews.com/tag/babylon-health/ Healthcare technology news, life science current events Wed, 13 Sep 2023 15:07:48 +0000 en-US hourly 1 https://wordpress.org/?v=6.3.1 https://medcitynews.com/uploads/2021/03/cropped-mblue-32x32.png Babylon Health Archives - MedCity News https://medcitynews.com/tag/babylon-health/ 32 32 40682243 Babylon Health’s CEO ‘Should Spend Some Time With Elizabeth Holmes’ https://medcitynews.com/2023/09/babylon-healthcare-ai-uk/ https://medcitynews.com/2023/09/babylon-healthcare-ai-uk/#respond Tue, 12 Sep 2023 20:01:02 +0000 https://medcitynews.com/?p=648183

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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Healthcare Moves: A Monthly Summary of Hires and Layoffs https://medcitynews.com/2023/08/healthcare-executive-hire-layoffs/ https://medcitynews.com/2023/08/healthcare-executive-hire-layoffs/#respond Tue, 29 Aug 2023 01:22:38 +0000 https://medcitynews.com/?p=646818

Here is a selection of recent executive hires, promotions and layoffs occurring across the healthcare industry.

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Babylon Shuts Down US Operations After Rescue Merger Falls Apart https://medcitynews.com/2023/08/babylon-telehealth-layoffs/ https://medcitynews.com/2023/08/babylon-telehealth-layoffs/#respond Thu, 10 Aug 2023 19:21:19 +0000 https://medcitynews.com/?p=644925

This week, virtual care company Babylon Health permanently closed its U.S. operations and laid off 94 employees. The news came after the company’s rescue merger fell apart — Babylon had planned to go private through a deal with Swiss digital therapeutics firm MindMaze and Babylon creditor AlbaCore Capital.

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Teladoc can recover by looking at what Amazon did 20 years ago, Babylon Health CEO says https://medcitynews.com/2022/08/babylon-health-ceo-teladoc-can-recover-by-looking-at-what-amazon-did-20-years-ago/ https://medcitynews.com/2022/08/babylon-health-ceo-teladoc-can-recover-by-looking-at-what-amazon-did-20-years-ago/#respond Wed, 03 Aug 2022 22:53:08 +0000 https://medcitynews.com/?p=597998

With the recent disclosure of its Q2 financial results, Teladoc’s losses have swelled to nearly $10 billion in the first half of 2022. Ali Parsa, CEO of competitor Babylon Health, said Teladoc can look at what Amazon did 20 years ago as an example of how to navigate an unforgiving economic environment, recommending the company reorganize its expenditures to ensure capital is allocated to areas that will differentiate it from its competitors.

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Babylon to go public in $4.2B blank-check deal  https://medcitynews.com/2021/06/babylon-to-go-public-in-4-2b-blank-check-deal/ https://medcitynews.com/2021/06/babylon-to-go-public-in-4-2b-blank-check-deal/#respond Thu, 03 Jun 2021 20:55:53 +0000 https://medcitynews.com/?p=533693

As it makes a big push to expand in the U.S., digital health startup Babylon struck a deal to go public through a SPAC merger. The deal would value the company at $4.2 billion. 

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Babylon continues buying spree with another California-based practice https://medcitynews.com/2021/05/babylon-continues-buying-spree-with-another-california-based-practice/ https://medcitynews.com/2021/05/babylon-continues-buying-spree-with-another-california-based-practice/#respond Wed, 19 May 2021 13:39:09 +0000 https://medcitynews.com/?p=530747

Babylon Health bought two California-based medical practices as it charts a broader expansion across the U.S. But it’s still facing questions about the safety of its AI chatbot in the U.K., where the company is based. 

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Babylon Health buys Fresno-based practice as part of U.S. expansion https://medcitynews.com/2021/03/babylon-health-buys-fresno-based-practice-as-part-of-u-s-expansion/ https://medcitynews.com/2021/03/babylon-health-buys-fresno-based-practice-as-part-of-u-s-expansion/#respond Wed, 10 Mar 2021 00:53:07 +0000 https://medcitynews.com/?p=518831 telehealth, phone, telemedicine,

Fast growing UK telehealth provider Babylon Health bought a California-based practice as it looks to expand in the U.S. The company has several large contracts, including one to provide telehealth services to the U.K’s National Health Service.

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Funding roundup: Health kiosk-maker raises $30M from Babylon Health https://medcitynews.com/2020/05/funding-roundup-health-kiosk-maker-raises-30m-from-babylon-health/ https://medcitynews.com/2020/05/funding-roundup-health-kiosk-maker-raises-30m-from-babylon-health/#respond Fri, 29 May 2020 19:49:10 +0000 https://medcitynews.com/?p=489818

Higi, a company that makes health kiosks for use in grocery stores, raised $30 million in funding from Babylon Health. Read more about companies that raised funding this week.

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Babylon Health, physician tussle over triage chatbot’s safety https://medcitynews.com/2020/02/babylon-physician-tussle-over-triage-chatbots-safety/ https://medcitynews.com/2020/02/babylon-physician-tussle-over-triage-chatbots-safety/#respond Thu, 27 Feb 2020 01:35:12 +0000 https://medcitynews.com/?p=480809

Babylon Health, a London-based startup, faced concerns raised by an oncologist about results generated by its triage chatbot. The company brushed off the complaints as tests from a “Twitter troll.”

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London-based Babylon Health raises $550 million megaround https://medcitynews.com/2019/08/london-based-babylon-health-raises-550-million-megaround/ https://medcitynews.com/2019/08/london-based-babylon-health-raises-550-million-megaround/#respond Sun, 04 Aug 2019 16:48:17 +0000 https://medcitynews.com/?p=465839

The multinational cohort of investors was led by Saudi Arabia’s sovereign wealth fund and included participation by global reinsurance company Munich Re, Swedish investment firm Kinnevik AB and Vostok New Ventures.

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Babylon Health says its AI’s advice is “on par with practicing clinicians,” but one medical organization is skeptical https://medcitynews.com/2018/07/babylon-health/ https://medcitynews.com/2018/07/babylon-health/#respond Thu, 05 Jul 2018 17:02:49 +0000 https://medcitynews.com/?p=443539

The Royal College of General Practitioners, a membership body for family doctors in the UK and overseas, said it is “dubious” of the London startup’s claims, noting that “[n]o app or algorithm will be able to do what a GP does.”

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