Telehealth Kiosk Company Higi Purchased

From DigitalHealth

In Brief

• Babylon acquired the remaining equity for $4.9 million in cash and nearly four million in Babylon Class A ordinary shares and two million in restricted stock units
• Smart Health Stations conveniently located within 5 miles of 73% of the U.S. population, at-home connected devices, and 50-state clinical network
• More consolidation among digital health companies projected over the next few years.
• Remote patient monitoring companies raised $126 million during the third quarter of the year, according to data from Digital Health Business & Technology.

Excerpt

Babylon closed its acquisition of Higi, a startup that allows people to check their blood pressure, weight, body mass index and other health markers at kiosks located in supermarkets, pharmacies and other retailers, according to a news release Wednesday.

Babylon already owned about a quarter of the company after leading a $30 million funding round for Higi in 2020. But the digital health giant decided to buy out the rest of the company last month, acquiring the remaining equity for $4.9 million in cash and nearly four million in Babylon Class A ordinary shares and two million in restricted stock units, according to a filing with the Securities and Exchange Commission.