Morning Headlines 6/1/18

ClearBridge Investments Sends Letter to Board of Directors of athenahealth Inc.

Athenahealth investor ClearBridge Investments urges the health IT company to launch sale proceedings in light of a “litany of executive turnover, misexecution on several initiatives and persistent downward trajectory of a variety of financial measures.”

Withings will return after buying out Nokia’s health business

Withings will sell the Nokia Health products it re-acquired earlier this year, and relaunch the Withings brand by the end of 2018.

Propeller Health Raises $20 Million, Accelerating Development of Digital Medicines for Respiratory Health and Other Diseases

Propeller Health secures $20 million with help from Aptar Pharma, which will help the company scale its digital therapeutics beyond its core chronic respiratory disease market.