June 2, 2020
Change Healthcare acquisitions target pharma customers. Nashville, Tennessee-based health IT company Change Healthcare has announced its second major digital pharmacy acquisition in as many months.
Yesterday came news of its $208 million purchase of PDX, a decades-old integrated retail, specialty and outpatient pharmacy software maker. In early May, Change had picked up eRx Network, the maker of...
May 8, 2020
This quarter Dexcom raked in $405 million in revenue, compared to $280.5 million in 2019’s Q1. This represents a 44% increase year over year (YoY), and beats the company's revenue goal by $46.7 million. Dexcom attributes its success to its growing user rate.
The gross profits from Q1 were $258.7 million. However, operating expenses have increased, coming in at $215.4 million in 2020 Q1, versus $...
February 27, 2020
And the band played on. Peloton has come to terms with members of the National Music Publishers’ Association (NMPA), which had brought a lawsuit against the exercise machine maker over alleged copyright infringement. The association said at the time that Peloton had been illegally featuring music from Rihanna, Bruno Mars, Lady Gaga and others.
The parties also said they have now entered a joint...
February 6, 2020
Direct-to-consumer, direct-to-phone. New York City-based home testing startup LetsGetChecked has launched its first mobile app for iOS. Through it, consumers will be able to order more testing kits from the company, integrate with services from wearables partners like Fitbit and Apple, and address the results of their tests one-on-one with a LetsGetChecked professional.
"We want healthcare to be...
December 5, 2019
#Pelotonad. Peloton has found itself in the middle of controversy as a recent television ad released by the company was panned by many as sexist. The roughly 30-second video, in which a husband purchases the connected exercise bike for his wife as a Christmas gift, has generated a backlash consisting of Twitter hashtags, viral parodies and a roughly 10% drop in Peloton’s stock price; however, the...
November 15, 2019
The increased spotlight on Google’s healthcare privacy practices doesn’t seem to be letting up, with the Washington Post publishing a story this morning detailing a botched arrangement between the tech giant and the National Institutes of Health back in 2017.
The two groups had a research arrangement centered on more than 100,000 chest X-ray images provided to Google by the NIH. However,...
September 26, 2019
Connected fitness company Peloton priced its IPO last night, raising $1.16 billion with shares priced at $29 a piece. That price didn't hold for too long, with the company closing its day out at $25.76.
According to Bloomberg, this makes Peloton the third-worst US trading debut in 10 years for companies that have raised at least $1 billion prior to their IPO.
The dip may partly be tied to Peloton...
August 29, 2019
Connected fitness company Peloton released its IPO prospectus Tuesday, revealing grim financials, even by today's startup IPO standards: the company lost nearly $200 million in FY 2019, four times what it lost the previous year. The document also contains plenty of reminders of the company's ongoing legal struggles relating to its music licensing and alleged patent infringement.
Yet, according to...
July 31, 2019
Peloton pulls the plug. Owners of the first generation of Peloton’s exercise bike touchscreens will no longer be receiving new software updates for their device, the company announced in a message on its support page. The touchscreen will still be able to access content, but the company is recommending that these users purchase a hardware upgrade so that they may continue to receive new feature...
June 5, 2019
Peloton, the connected fitness company offering home exercise bikes and treadmills with built-in virtual classes, has announced its intention to IPO by filing a confidential draft statement of its S-1 to the SEC. The company is not disclosing the number of shares they plan to offer or their price range.
For those that count Peloton as a digital health company, it constitutes one of the most...