This comes after the company’s attempt to secure a merger deal with MindMaze, a Swiss mental health company, broke down. The deal was suggested by Albacore, a company to which Babylon owes more than $300m (£236m).

On Friday, the healthcare provided revealed that it spent $84 million during the second quarter, down from $113 million a year earlier. Still, the company warned that it may not be able to secure enough cash in order to keep the business running.

With its U.S. business drawing to a close, Babylon Health is fighting to keep its UK unit alive by finding a buyer. The company’s GP at Hand app is used by the NHS in Fulham, serving around 300,000 patients.

The post Babylon Health Hires Wall Street Banks in Last-Ditch Effort to Save Company appeared first on theprimarymarket.com.

Prior to its strategic shift, Burjeel Holdings planned to market its IPO to US investors, with JPMorgan and Egypt-listed EFG-Hermes both expressing interest before deciding to withdraw from the transaction.

The IHC revealed in a regulatory disclosure on Monday that the purchase of a stake in Burjeel Holdings would help to diversify its healthcare holdings in the local market as well as internationally.

Burjeel Holdings owns a network of 61 medical centers and other operating assets, including 39 hospitals across the Middle East and India. Burjeel’s parent company, VPS Healthcare LLC, announced in August to expand its healthcare operator’s operations into Saudi Arabia. This would include a $1 billion investment by 2030 through joint ventures and public-private partnership models.

Initially, Burjeel Holdings planned to go public with a listing on the London Stock Exchange in 2019, however, uncertainty stemming from the UK’s exit from the European Union convinced the company to scrap this plan.

The post UAE’s Burjeel Holdings Seeks Local Investors For IPO appeared first on theprimarymarket.com.

The company has just announced its plans to buy One Medical, a primary care firm respected around the world. The deal is worth a whopping $3.49 billion, which only serves to show how serious Amazon is about expanding its horizons.

Amazon will now have a plethora of doctors’ offices at its disposal, in addition to the seemingly endless amount of products it has on its website. They continue to push deeper into the world of healthcare, and it seems as though they’re succeeding at it.

But this wasn’t the first big move they’ve done towards assimilating with the healthcare industry. Back in 2019, they piloted virtual care visits for Seattle Amazon employees and then offered the same services to various employers throughout the country. This was all under the promotional campaign of the Amazon Care brand, which is now looking a lot stronger after this new deal.

As Amazon Health Services’ senior vice president said about the matter, “We think healthcare is high on the list of experiences that need reinvention.”

In other words, Amazon doesn’t just want to get into the healthcare industry—they want to help innovate it as well.

The post Amazon Digs Deeper Into Healthcare With One Medical Deal appeared first on theprimarymarket.com.

This comes after the company’s attempt to secure a merger deal with MindMaze, a Swiss mental health company, broke down. The deal was suggested by Albacore, a company to which Babylon owes more than $300m (£236m).

On Friday, the healthcare provided revealed that it spent $84 million during the second quarter, down from $113 million a year earlier. Still, the company warned that it may not be able to secure enough cash in order to keep the business running.

With its U.S. business drawing to a close, Babylon Health is fighting to keep its UK unit alive by finding a buyer. The company’s GP at Hand app is used by the NHS in Fulham, serving around 300,000 patients.

The post Babylon Health Hires Wall Street Banks in Last-Ditch Effort to Save Company appeared first on theprimarymarket.com.

Prior to its strategic shift, Burjeel Holdings planned to market its IPO to US investors, with JPMorgan and Egypt-listed EFG-Hermes both expressing interest before deciding to withdraw from the transaction.

The IHC revealed in a regulatory disclosure on Monday that the purchase of a stake in Burjeel Holdings would help to diversify its healthcare holdings in the local market as well as internationally.

Burjeel Holdings owns a network of 61 medical centers and other operating assets, including 39 hospitals across the Middle East and India. Burjeel’s parent company, VPS Healthcare LLC, announced in August to expand its healthcare operator’s operations into Saudi Arabia. This would include a $1 billion investment by 2030 through joint ventures and public-private partnership models.

Initially, Burjeel Holdings planned to go public with a listing on the London Stock Exchange in 2019, however, uncertainty stemming from the UK’s exit from the European Union convinced the company to scrap this plan.

The post UAE’s Burjeel Holdings Seeks Local Investors For IPO appeared first on theprimarymarket.com.

The company has just announced its plans to buy One Medical, a primary care firm respected around the world. The deal is worth a whopping $3.49 billion, which only serves to show how serious Amazon is about expanding its horizons.

Amazon will now have a plethora of doctors’ offices at its disposal, in addition to the seemingly endless amount of products it has on its website. They continue to push deeper into the world of healthcare, and it seems as though they’re succeeding at it.

But this wasn’t the first big move they’ve done towards assimilating with the healthcare industry. Back in 2019, they piloted virtual care visits for Seattle Amazon employees and then offered the same services to various employers throughout the country. This was all under the promotional campaign of the Amazon Care brand, which is now looking a lot stronger after this new deal.

As Amazon Health Services’ senior vice president said about the matter, “We think healthcare is high on the list of experiences that need reinvention.”

In other words, Amazon doesn’t just want to get into the healthcare industry—they want to help innovate it as well.

The post Amazon Digs Deeper Into Healthcare With One Medical Deal appeared first on theprimarymarket.com.