DarioHealth Acquires Twill to Build Comprehensive Digital Health Platform

February 22, 2024

DarioHealth Corp. has acquired Twill, a digital-led care company, in a deal that paid $10 million in cash plus approximately 10 million pre-funded warrants and was completed alongside a $22.4 million private placement. The acquisition nearly doubles Dario's pro forma 2023 revenue and is intended to expand Dario's chronic-condition and behavioral health capabilities, create cross-selling opportunities across payor and employer customers, and accelerate the path to profitability through revenue scale and cost synergies.

Buyers
DarioHealth Corp.
Targets
Twill, Inc.
Location
New York, United States
Transaction Type
Buyout

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