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Babylon Acquires Higi To Extend Its Digital-First Healthcare Platform To Millions Of People In The U.S.

PRIVATEJan 05, 2022

Acquiring Company

Babylon

Acquired Company

Higi

Palo AltoSecurityBlockchainCryptocurrencyInformation TechnologySoftwareMobileHealth Care

Description

Babylon (NYSE: BBLN) today announced the closing on December 31, 2021 of its acquisition of Higi SH Holdings Inc. (“Higi”) -- a consumer health engagement company​. Combining Babylon’s highly-scalable technology platform with Higi’s remote monitoring capabilities -- via its Smart Health Stations conveniently located within 5 miles of 73% of the U.S. population, at-home connected devices, and 50-state clinical network -- will help Babylon in its mission of reengineering every touch point in the healthcare continuum. The combined company will provide a more holistic, end-to-end solution to meet the needs of payers, providers and retailers on the front lines of care delivery.

Quick answer

Babylon is acquiring Higi, announced January 5, 2022. Babylon is based in Palo Alto, California, United States.

How much did Babylon pay for Higi?
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 Higi 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 Higi?

Higi was acquired by Babylon, based in Palo Alto. The deal was reported on January 5, 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 Higi?

Babylon's acquisition of Higi was reported on January 5, 2022. Babylon (NYSE: BBLN) today announced the closing on December 31, 2021 of its acquisition of Higi SH Holdings Inc. (“Higi”) -- a consumer health engagement company​. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Higi do?

Higi is a consumer health engagement company making it easier for all people to measure, track and act on their health data by bridging physical and digital touch points of the healthcare ecosystem. It is privately held, operating in Information Technology.

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