Finance
This marks Headspace Health's second acquisition this year. In January, it announced the purchase of Sayana, which offers mental wellness and sleep apps.
Amazon, UnitedHealth Group were also reportedly interested in buying the home health platform.
In an SEC filing, One Medical parent 1Life Healthcare said both companies had received requests from the agency for more information regarding the deal late last week.
According to an SEC filing, the cuts will primarily affect its technology-focused and marketing groups.
UnitedHealth Group, CVS and Option Care Health are also in the running, reports say.
The newly public company, now trading on Nasdaq under the ticker symbol "AKLI," will use the proceeds from the transaction to launch EndeavorRx, its video game-like digital therapeutic for children with ADHD.
The layoffs represent 13% of the AI-backed genomic and clinical data company's workforce.
A memo sent to employees from CEO David Ko said the company is "not immune to the impacts of the current economic environment."
The multinational digital health company posted Q2 revenue of $265.4 million, compared with $57.5 million during the same period last year. It also reported a $157.1 million loss.
San Diego-based medical device company ResMed has announced the acquisition of mementor, a consumer software developer that offers a digital solution for insomnia.