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DarioHealth Announces Strategic Review Following Multiple Unsolicited Inbound Expressions of Interest
Prnewswire· 2025-09-25 10:00
Core Insights - DarioHealth Corp. has initiated a strategic review to maximize shareholder value following multiple unsolicited inquiries from interested parties [1][4] - The company has engaged Perella Weinberg Partners as a financial advisor to explore various strategic opportunities, including potential sale or merger [2][4] - Dario recently completed a $17.5 million private placement, enhancing its financial position and providing substantial runway for growth initiatives [1][7] Company Developments - The Board of Directors has formed a Special Committee of independent directors to oversee the strategic review process [2][4] - Dario has optimized its capital structure by converting preferred shares into common shares, creating a clearer equity structure [7] - The company’s pro forma cash position is approximately $40 million as of the end of Q2 2025, positioning it well for future opportunities [7] Market Position - DarioHealth is recognized as a leader in digital health solutions for chronic condition management, offering a comprehensive multi-condition platform supported by clinical evidence [5][6] - The company’s user-centric approach aims to provide continuous and customized care, enhancing user satisfaction and retention [6][7] - Dario's solutions are delivered globally to various stakeholders, including health plans, self-insured employers, and consumers [7]
Accolade Welcomes Oshi Health to Trusted Partner Ecosystem
Prnewswire· 2025-03-06 14:00
Core Insights - Accolade, Inc. has partnered with Oshi Health to enhance access to specialized gastrointestinal (GI) care, emphasizing a multidisciplinary approach to improve health outcomes for individuals managing digestive health conditions [1][4] Industry Overview - GI diseases affect up to 70 million Americans annually, leading to approximately $136 billion in healthcare costs each year, highlighting the significant economic burden of these conditions [2] - The lack of timely access to comprehensive GI care results in patients waiting an average of 2-3 years for diagnosis, contributing to increased absenteeism and reduced productivity in the workforce [2] Company Insights - Oshi Health provides an integrated team of GI specialists, including advanced practice providers, registered dietitians, and licensed psychologists, to accelerate diagnosis and achieve sustainable symptom control [3] - On average, 92% of Oshi patients achieve symptom control within 10 weeks or less, indicating the effectiveness of their care model [3] - Oshi Health is in-network with major insurance plans, expanding its coverage and accessibility for patients [4] Partnership Benefits - The partnership aims to empower employees with specialized expertise and support for managing digestive health, aligning with Accolade's commitment to high-quality care [4] - Accolade's Trusted Partner Ecosystem, launched in 2019, includes 19 partners across 12 categories, enhancing the performance of digital health solutions [5]