Digital main and pressing care supplier Carbon Well being introduced one other spherical of layoffs, noting the corporate is letting go of greater than 200 individuals.
The corporate’s CEO Eren Bali introduced the layoffs by way of Twitter, saying Carbon Well being will shift its focus to its core main care and pressing care companies, “unwinding” its applications in public well being, distant affected person monitoring, {hardware} and continual care.
“There are some extremely proficient individuals impacted throughout all roles. Each firm could be fortunate to have them. Please tell us when you have crucial positions to fill. We’d love to assist,” Bali mentioned in his social media put up.
“We’re nonetheless optimistic concerning the future. The present market circumstances drive us to be extra diligent, centered and affected person. We’re unhappy to see our colleagues go, however I could not be extra happy with what we achieved collectively.”
Carbon Well being did not instantly reply to a request for remark.
THE LARGER TREND
That is the second spherical of layoffs for the corporate up to now 12 months. In June, Carbon well being laid off 250 staff, about 8% of its international workforce, noting the corporate wanted to close down a number of the COVID-19-specific companies that garnered important income in the course of the pandemic.
When trying again on 2022’s funding surroundings for MobiHealthNews‘ year-in-review sequence, Myoung Cha, Carbon Well being’s chief technique officer and president of home-based care, mentioned, “It has been brutal for mid-to-late-stage digital well being startups and now we have seen a whole lot of it play out with restructurings, layoffs and even bankruptcies and shutdowns. There’s nonetheless much more to come back in 2023, because the funding surroundings is unlikely to enhance materially subsequent 12 months.”
Nonetheless, in September, the hybrid care supplier introduced a partnership with Blue Cross Blue Defend of Massachusetts, through which the well being insurer would provide its members a brand new digital main care choice by Carbon Well being or Firefly Well being. The brand new main care mannequin launched early this month.
Carbon Well being raised a large $350 million in 2021. The corporate then acquired distant affected person monitoring firm Alertive Healthcare, a series of New Jersey pressing care clinics, two clinic chains in Arizona and California and a bunch of clinics in Southern California. The corporate additionally acquired built-in diabetes care platform Regular Well being.
In line with Axios, Carbon Well being’s Cha mentioned at an occasion final month that the corporate is in the midst of talks to license its EHR software program to different practices.
