STAT+: Oura to acquire Counsel Health for $625 million, placing a big bet on AI care
Oura, the smart ring maker that just over a month ago delayed plans to go public over market uncertainty, announced on Tuesday that it will spend $625 million to acquire Counsel Health, a clinical artificial intelligence startup.
Key points
- The deal comes a few weeks after Oura postponed its up to $2.2 billion IPO indefinitely, citing “uncertainty in the IPO market.”.
- Continue to STAT+ to read the full story….
The large transaction reflects a growing desire to connect consumer wearable devices to clinical care as well as the conviction that AI chatbots will be an important part of health care.
How this summary was made: extractive summary — built from the sources' own reporting. It is drawn only from the reporting of the sources listed below — read the originals for full detail. How we summarize →
Advertisement
Every article behind this summary — 2 articles from 2 outlets
Get stories like this in your inbox.
Subscribe — it's freeOne free email at 6am — your topics, deduplicated, five minutes. No account, no paywall.