News 3/26/25
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California-based consumer genetic testing company 23andMe files for Chapter 11 bankruptcy protection.
Co-founder Anne Wojcicki has stepped down as CEO, but remains on the board and plans to bid independently to buy the…
Tag: bankruptcy
23andMe Files for Chapter 11 Bankruptcy to Facilitate Sale
What You Should Know:
– 23andMe, a human genetics and biotechnology company, has announced its decision to initiate voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court for the Eastern District of Missouri.
– The bankruptcy…
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23andMe files for bankruptcy, CEO Wojcicki resigns
Human genetics and biotechnology company 23andMe has filed for Chapter 11 proceedings in the U.S. Bankruptcy Court for the Eastern District of Missouri to facilitate a sales process. In a press release, the company said…
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News 12/11/24 – HIStalk
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CVC Capital Partners will likely acquire German health IT company CompuGroup Medical in a take-private deal valued at $1.2 billion. The acquisition is expected to close in the first half of 2025.
CGM…
Ex-Invitae Spinoff Relaunches as Citizen Health, Picks Up $14.5 in Seed Funding – MedCity News
A Silicon Valley-based startup formerly known as Ciitizen relaunched as Citizen Health on Tuesday — as well as announced a $14.5 million seed funding round led by Transformation Capital and a new partnership with…
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PursueCare revamps Pear Therapeutics’ reSET, reSET-O digital therapeutics
PursueCare, a company that provides personalized virtual addiction treatment, announced the re-release of FDA-cleared RESET and RESET-O, prescription digital therapeutics for substance use disorder and opioid use disorder.RESET and RESET-O were initially developed and…
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Hospital M&A Activity Surges in Q3 2024, Driven by Mega Mergers
What You Should Know:
– The hospital and health system merger and acquisition (M&A) market experienced a significant surge in activity during the third quarter of 2024, reaching its highest level since 2017, according to…
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Cano Health Emerges from Chapter 11, Focused on Florida Market
What You Should Know: – Cano Health, a value-based primary care provider, announced today that it has successfully exited Chapter 11 bankruptcy as a reorganized private company. – The emergence follows a strategic restructuring…
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News 5/10/24 – HIStalk
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Ascension’s 140 hospitals and 2,600 healthcare sites in 19 states divert patients and go back to paper documentation following an unspecified cybersecurity event that forced the health system to take down “select technology…
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News 5/8/24 – HIStalk
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Multi-state hospital operator Steward Health Care files for Chapter 11 bankruptcy protection and seeks up to $300 million in financing to keep the doors of its 31 remaining hospitals open.
The company blames…
