Babylon Health’s downfall is exception in burgeoning telehealth market - Medical Device Network

Despite the recent demise of telehealth trailblazer Babylon Health, the telehealth market is expanding, especially in mental health services.

The end of Babylon Health brings the curtains down on a company once touted as the “future of the NHS” by previous UK Secretary of Health, Matt Hancock. Image credit: Shutterstock/rafapress. Babylon Health finally succumbed to poor financial performance over the past few years, with Forbes reporting that the digital health company filed for bankruptcy in the US last week. Despite repeated attempts at reviving itself, which included a rescue merger by Swiss firm MindMaze that eventually collapsed, the digital health company is seeking Chapter 7 bankruptcy – meaning it will liquidate

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