Babylon snaps up patient engagement platform DayToDay

Digital well being chatbot Babylon introduced its plans to purchase affected person engagement instrument DayToDay for an undisclosed sum. This information comes simply weeks after the U.Ok.-based startup wrapped up its acquisition of well being kiosk firm Higi. 

Boston-based DayToDay is targeted on guiding sufferers by way of their healthcare journey. Sufferers can use the platform to faucet into academic supplies earlier than or after surgical procedure, a medical go to or hospitalization. The platform additionally connects sufferers to medical assist from a care staff.

Babylon plans to roll DayToDay’s capabilities into its digital platform to assist members who’re making ready or recovering from a medical intervention. 

“Becoming a member of Babylon will empower DayToDay to scale its strong platform to medical areas by deploying its confirmed platform to the Babylon buyer base,” Prem Sharma, CEO of DayToDay Well being, mentioned in an announcement. “Working collectively, we will faucet into Babylon’s AI capabilities and enhance the digital care expertise for each sufferers and suppliers alike.”

WHY IT MATTERS 

Mergers and acquisitions proceed to be a preferred exit choice amongst digital well being corporations. Rock Well being experiences that within the first three quarters of 2021 there have been 216 digital well being M&As. 

Along with digital corporations like Higi and DayToDay, Babylon has its eyes on supplier organizations. Final yr it acquired California-based medical group Novato, as effectively First Selection Medical Group’s Fresno and Madera operations. 

THE LARGER TREND 

Babylon received its begin within the U.Ok. market, however has rapidly grown its geographical footprint. In 2019, the corporate introduced its plans to launch within the U.S. market. The corporate has additionally labored in Canada.

In 2019, it launched its chatbot in British Columbia. In 2021, it bought off its operation in Canada to its former accomplice Telus Well being in a licensing deal value roughly $70 million.   

The corporate has an extended historical past working with the Rwandan authorities. In March 2020, the corporate signed a 10-year partnership with the Rwandan authorities giving each particular person over the age of 12 entry to digital well being consultations.

The corporate introduced its plans to go public final summer time by way of a SPAC merger with Alkuri World Acquisitions in a deal value roughly $4.2 billion.