Morning Headlines 8/11/23
Doximity Announces Fiscal 2024 First Quarter Financial Results
Doximity’s Q1 results beat expectations, but its lowered guidance and layoffs send shares down.
Babylon closes US business as rescue merger deal fails
Babylon Health shuts down its US business, laying off 94 employees, as it seeks a buyer for its business in the UK.
Cano Health sinks on raising going concern doubts; announces job cuts
Shares of membership-based primary care company Cano Health plummet after it announces plans to sell its assets and lay off employees.
Prospect Medical hospitals still recovering from ransomware attack
Prospect Medical Holdings facilities struggle to recover from a ransomware attack earlier this month that sources attribute to the Rhysida ransomware group.
The primary point of using the Cloud is using operating expenses vs limited capital ones and avoiding having to update…