Finance
AeroDPC will operate as a subsidiary of Hint Health immediately following the deal. In 2023, the company plans to release a new product combining AeroDPC and HintOS' capabilities.
The acquisition will allow Color Health to provide behavioral and mental health treatment at scale.
The virtual care giant reported revenue of $611.4 million, a 17% year-over-year increase, and a net loss of $73.5 million in the third quarter.
A spokesperson said the company "adjusted staffing levels and other direct expenses caused by current challenges in the economy and market conditions."
This summer, AIVF announced it had raised $25 million in Series A funding.
A Cerebral spokesperson said the cuts were "focused specifically on realizing operational efficiencies while prioritizing clinical quality and safety across the organization."
The acquisition will expand Unified's portfolio of women-focused companies to include menopause-relief offerings in all 50 states.
During a discussion at the Frontiers Health Global Hybrid Conference, panelists said a more competitive funding environment could push startups and investors to focus on quality.
The newest offering is spirometry testing to evaluate patients for chronic obstructive pulmonary disease.
The company will distribute AlertWatch to hospitals in the U.S. as part of its strategic partnership with Medtronic.