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DarioHealth Corp. an Israeli-American medtech firm working in the global digital therapeutics (DTx) market, acquired Twill, which offers a software-enabled healthcare platform, for $10 million. The companies said the merger will create the” most comprehensive and engaging digital health platform to provide best-in-class support for mental well-being, maternal health, and the costliest chronic conditions.”
Dario and Twill share experience building clinically-driven solutions that address a wide range of physical and mental health needs.
Founded in 2011, DarioHealth is a digital therapeutics (DTx) company helping how people with chronic conditions manage their health through a user-centric multi-chronic condition platform. Its platform and suite of solutions deliver personalized and dynamic interventions driven by data analytics and one-on-one coaching for diabetes, hypertension, weight management, musculoskeletal pain, and behavioral health.
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Founded in 2012, Twill is a global software-enabled healthcare platform with a mission to improve the mental and physical health of people everywhere. The company boasts that its evidence-based programs and supportive communities help people manage life challenges and chronic conditions, while providing access to solutions such as telehealth, AI-powered coaching, and therapeutics.
“I am energized by the tremendous potential to deliver better health and outcomes,” says Erez Raphael, Chief Executive Officer of Dario. “Both Dario and Twill have proven the impact of our consumer-centric solutions over the last decade. Combining our strengths within a unified platform that addresses multiple health needs in a seamless user experience represents a significant step forward to unlock the value of digital health for our members, clients, and partners.”
“We believe that addressing each person’s mental health and well-being is the key to delivering lasting behavior change. We’re aiming to reach more people by providing them with an approachable entry point to care and a more holistic solution to whole body health,” says Tomer Ben-Kiki, Twill co-founder and incoming Chief Operating Officer at Dario. “This partnership allows us to do more in one place, incorporating some of the most common and interconnected health conditions, to drive more value for both members and customers.”
