digital health
The company's platform aims to help commercial and medical affairs teams automate manual and rote tasks.
The spin-off company is expected to rake in almost $2 billion in revenue this year.
The company will use the funds to hasten product development, engineering and go-to-market efforts to meet market demand.
Through the acquisition, the company will expand its operations in the UK and launch operations in Germany, France and Ireland.
The organization is seeking feedback on how to best advance digital health to empower seniors using technology, while reducing administrative burdens and improving interoperability.
Equiva will integrate Belong.Life's offerings into its digital platform to give patients and caregivers access to AI health mentors.
Lark's cardiometabolic care coaching programs will be made accessible through CVS Caremark's Point Solutions Management program.
The financing is in addition to a $1.8 million NIH grant for a Veris implantable physiological monitor.
The company had struggled to keep the business profitable.
Meg Barron, managing director of engagement and outreach at Peterson Health Technology Institute, highlights how the organization independently evaluates digital health offerings and its recent report on digital musculoskeletal solutions.