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Babylon Acquires Daytoday Health To Help Patients Recover At Home And Drive Down Rehospitalization

PRIVATEJan 19, 2022

Acquiring Company

Babylon

Acquired Company

DayToDay

Palo AltoSecurityBlockchainCryptocurrencyFinancial ServicesSoftware

Description

Babylon (NYSE: BBLN) today announced completion of its acquisition of DayToDay Health (“DayToDay”) to provide Babylon members with DayToDay’s digital-first, highly engaging programs and clinical services prior to and following scheduled surgeries, major health events like childbirth, and following diagnosis of chronic conditions.

Quick answer

Babylon is acquiring DayToDay, announced January 19, 2022. Babylon is based in Palo Alto, California, United States.

How much did Babylon pay for DayToDay?
The deal value was not disclosed.
What does Babylon do?
Babylon is one of the world’s fastest growing digital healthcare companies whose mission is to make high-quality healthcare accessible and affordable for every person on Earth.
Where are Babylon and DayToDay based?
Babylon is based in Palo Alto, California, United States.
Who are the decision-makers at Babylon?
Fundz holds 5 contacts at Babylon. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Babylon

Location

Palo Alto, California, United States

About

Babylon is one of the world’s fastest growing digital healthcare companies whose mission is to make high-quality healthcare accessible and affordable for every person on Earth. Babylon is re-engineering how people engage with their care at every step of the healthcare continuum. By flipping the model from reactive sick care to proactive healthcare through the devices people already own, it offers 24 million people globally ongoing, always-on care. Babylon has already shown that in environments as diverse as the developed UK or developing Rwanda, urban New York or rural Missouri, for people of all ages, it is possible to achieve its mission by leveraging its highly scalable, digital-first platform combined with high quality, virtual clinical operations to provide integrated, personalized healthcare. Founded in 2013, Babylon’s technology and clinical services is supporting a global patient network across 15 countries, with 15 languages available. And through a combination of its value-based care model, Babylon 360, and its work in primary care through NHS GP at Hand, Babylon will manage c. 350k capitated budget lives globally by 2022. In the first half of 2021 alone, Babylon helped a patient every 5 seconds, with approximately 1.7 million AI interactions and 1.3 million consultations. Importantly, this was achieved with more than a 95% user retention rate and 5 star rating from circa 90% of our users. Babylon is already working with governments, health providers and insurers across the globe in order to provide them with a new infrastructure that partners can use to deliver high-quality healthcare with lower costs and better outcomes. For more information, please visit www.babylonhealth.com.

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Frequently asked

Who acquired DayToDay?

DayToDay was acquired by Babylon, based in Palo Alto. The deal was reported on January 19, 2022. Babylon is one of the world’s fastest growing digital healthcare companies whose mission is to make high-quality healthcare accessible and affordable for every person on Earth. Babylon is privately held and operates in Security.

When did Babylon acquire DayToDay?

Babylon's acquisition of DayToDay was reported on January 19, 2022. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does DayToDay do?

DayToDay was started as a research project at MIT in 2018. The company was founded by Prem Sharma, a serial entrepreneur, and Dr. Khalid Aljabri, a cardiologist at Tufts Medical Center, during their time at MIT through the Delta-V accelerator program. It is privately held, operating in Financial Services.

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