Babylon closed its acquisition of Higi, a startup that allows people to check their blood pressure, weight, body mass index and other health markers at kiosks located in supermarkets, pharmacies and other retailers, according to a news release Wednesday.
Babylon already owned about a quarter of the company after leading a $30 million funding round for Higi in 2020. But the digital health giant decided to buy out the rest of the company last month, acquiring the remaining equity for $4.9 million in cash and nearly four million in Babylon Class A ordinary shares and two million in restricted stock units, according to a filing with the Securities and Exchange Commission.
The company hopes the combination will make its symptom-checking chatbot and other services more appealing to buyers.
