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Interview: Daniel Nathrath, CEO, Ada Health

Berlin-based Ada Health will soon launch direct-to-consumer diagnostic tests, sensors and wearables to sit alongside its symptom checking services. CEO Daniel Nathrath tells HBI that it's been about two years since the product commercialised, so HBI sat down to determine where the company and its product are today.

How much of Europe’s homecare is ‘grey’?

This week HBI breaks down data from several sources and illustrates the share of informal homecare in European Countries and the UK. It makes clear just how much care at home is being illegally delivered.

$4.2bn Babylon to go public at 11-13x revenue multiple

Global digital health platform Babylon Health will IPO through a $4.2bn merger with SPAC Alkuri Acquisition Corp. The deal gives it a 13x revenue multiple of the $4.2bn equity value and 11x a $3.6bn enterprise value. The move comes as Europe's players increasingly look to the States as a more scalable market. Despite just launching there last year, 70% of Babylon's revenues now come from the States.

0.02% of German prescriptions are apps

HBI hears the first eight months of Germany's digital app reimbursement is viewed as "modestly positive", with statutory insurer AOK saying that it has prescribed 4,700 apps under the framework.

Social care job applications drop as economies open

Job applications for social care have dropped off a cliff in the UK as the economy starts to open up, according to an operator. Groups in Germany, France, the Netherlands and Austria say they are still seeing a surge.

The deals you can expect to see in the next two months

M&A slowed to a trickle during COVID but the next six weeks will see a flood of deals. HBI examines the deals that are about to happen, the companies looking to IPO, and reviews a handful of deals that remain resolutely on hold for the moment.

Doctors tire of telehealth overtreatment

GPs in the UK have said that telehealth has left practices feeling overwhelmed by patient demand, with some requesting e-consultations every single day. It's not the first market where telehealth has driven over-consumption of healthcare services.

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