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Morning Headlines 9/5/19

September 4, 2019 Headlines No Comments

VillageMD Announces $100 Million in Series B, Led by Kinnevik

Primary care company VillageMD raises $100 million in a Series B round led by Kinnevik AB.

Cerner laying off more than 250 workers as part of wider cost cutting effort

Cerner announces it will lay off 255 workers across roles and offices by November 5, adding that it plans to hire hundreds more by the end of the year.

Lab-Testing Startup uBiome Files for Bankruptcy

San Francisco-based lab-testing company UBiome files for bankruptcy and will use an $8 million bankruptcy loan to stay afloat until it can find a buyer.

Ginger, an MIT spin-out providing app-based mental health coaching to workers, raises $35 million

Behavioral healthcare app company Ginger raises $35 million in a Series C round that brings its total funding to $63 million.

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