(Bloomberg) — Digital health firm Babylons UK business has been rescued by a US provider of in-home testing kits as part of an insolvency process.
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Babylons UK arm, which provides doctor appointments to private and National Health Service (NHS) patients, has been sold to eMed Healthcare in a move that should secure its future. More than 700,000 British patients have had access to Babylons platforms in the UK, which includes its NHS GP at Hand service.
Terms of the sale werent disclosed.
Earlier on Wednesday, Babylon Group Holdings Ltd and Babylon Partners Ltd filed notice of their intention to appoint administrators in the UK High Court, just weeks after a failed merger and as the business faced a cash crunch.
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