DarioHealth Announces Acquisition of Leading Digital Musculoskeletal Company Upright Technologies and $70 Million Financing
USA - English
Expands DarioHealth s multi-condition platform into the $213 billion musculoskeletal market and creates one of the most comprehensive digital health platforms
Financing supported by leading health care focused institutional investors, including Nantahala Capital Management, LLC, Perceptive Advisors, Driehaus Capital Management, Farallon Capital Management, Pura Vida Investments, and others priced at market pursuant to Nasdaq rules
Increases membership to more than 150,000 and combined proforma 2020 full-year revenue to more than $20 million
Company to host a conference call today, January 27, 2021, at 8:30 am ET
News provided by
Share this article
Share
DarioHealth announced today that it is expanding its digital chronic-disease-management business beyond diabetes and hypertension with the purchase of Upright Technologies, a musculoskeletal (MSK) health company that specializes in connected posture correction devices and digital coaching.
The deal is expected to close on or around February 7, and will run DarioHealth $31 million to complete the acquisition. This comes in the form of $1.5 million in cash and $29.5 million in stock – which equates to about 1.7 million DarioHealth shares.
Oded Cohen, CEO and cofounder of Upright, will stay with the new company, serving as general manager of MSK product and a member of the board.
Australians donated $640m after Black Summer Getting it to those in need was nothing short of a miracle abc.net.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from abc.net.au Daily Mail and Mail on Sunday newspapers.
Reporter
Photo by Deb Gau
Small groups, including Lyon County commissioners and representatives from area communities, jotted down ideas for shared county visions for economic development. By hearing what area citiesâ needs and goals are, commissioners said they hoped to figure out what role the county should play in supporting development.
MARSHALL Â A lot of the topics were familiar: the need for housing and workforce retention, child care and the ability to compete with South Dakota. But Lyon County Commissioners said they still wanted to hear what area communities’ needs were, so they could decide how best to support economic development in the area.
January 15, 2021 |
Skateboarding Skaterdater tells the story of a group of seven young skater boys who ride around town, showcasing their skills and talent.
They are all members of the Imperial Skate Board Club and wear jackets featuring the team s logo.
Suddenly, one of them falls in love with a girl after crashing against her bike, and they start hanging out.
But one of his skater friends is not happy with the romance and challenges his mate for a skateboarding duel down a hill street.
The first boy loses but still gets his sweetheart. Skaterdater is the most acclaimed movie in the