DarioHealth Acquires Musculoskeletal Solution Upright for $31M
What You Should Know:
– DarioHealth, a Livongo competitor acquires musculoskeletal startup Upright for $31 million to expand their chronic condition management capabilities focused on driving behavior change rather than treating the acute problem. This move will more than double revenue and create one of the largest integrated digital health companies in the space.
In addition, DarioHealth rasiess $70 million through a private placement of its common stock priced at the market pursuant to Nasdaq rules.
DarioHealth Corp, a provider of global digital therapeutics (DTx) market, announced it has reached a definitive agreement to acquire digital musculoskeletal (MSK) company Upright Technologies Ltd. for $31M in stock transaction. The acquisition will expand its chronic condition portfolio, currently including self-management of diabetes and hypertension, into musculoskeletal conditions.