Morning Headlines 1/12/23

Array Behavioral Care Secures $25 Million from CVS Health to Help Address National Mental Health Crisis through Virtual Care

Telepsychiatry provider Array Behavioral Care raises $25 million in a Series C funding round led by CVS Health, which will look for ways in which Array’s capabilities can complement its own healthcare delivery services.

OpenLoop Acquires Reliant.MD Practice Group, Expanding Services and Strengthening Position in Insured Care Market

OpenLoop, a white label telehealth services company focused on payers and employers, acquires Reliant.MD’s practice group.

Alphabet to cut staff of health sciences unit Verily by 15%

Verily will lay off 240 employees and shutter several product lines, including remote patient monitoring for heart failure, in an effort to streamline operations and achieve financial independence from parent company Alphabet.