bankruptcy

By Jonah Comstock 10:07 am August 20, 2020
Update: This story has been updated with additional information from Carré Technologies. OMSignal, a Canadian digital health startup that helped to pioneer the smart clothing space, is out of business as of February 2019, MobiHealthNews has learned. The company declared bankruptcy and sold some of its patents to Honeywell Safety Products.  According to a notice published by PricewaterhouseCoopers...
By HIMSS Media 02:54 pm June 26, 2020
In the newest episode of HIMSSCast, MobiHealthNews founding editor Brian Dolan, now founder and lead writer at Exits and Outcomes, joins the host, Jonah Comstock, Managing Editor Laura Lovett and Associate Editor Dave Muoio for a bit of a post-mortem on Proteus Digital Health, the sensor-enabled pill company that filed for Chapter 11 bankruptcy protection last week.     More related to this...
By Dave Muoio 02:51 pm June 16, 2020
Proteus Digital Health, maker of an ingestible sensor for tracking medication adherence, filed for Chapter 11 bankruptcy protection yesterday. The news comes months after word that the company had furloughed much of its staff, reassessed its high-profile partnership with Otsuka Pharmaceutical and shifted away from its primary focus area of mental disorder treatment. The "smart pill" maker...
By Jonah Comstock 02:46 pm October 10, 2016
Sotera Wireless, one of the earliest stalwarts of the digital health space, filed for Chapter 11 bankruptcy last week in a Southern California court, saying that it did not have enough funds to pay a wide range of debts. Mass Device first broke the news. The company said in a filing that it has about $2.4 million in cash and owes more than $13 million to creditors, including Silicon Valley Bank...
By Aditi Pai 12:38 pm January 18, 2016
About two weeks after reports of it shutting down surfaced, HealthSpot, which offered telemedicine kiosks for workplace and retail locations, has filed for Chapter 7 bankruptcy liquidation, according to a report in Columbia Business First. “There were some positive events in the operation of the business, but the company simply did not have enough cash flow to continue to operate and continue to...