Bankruptcy filings reveal that investors have been left with hundreds of millions of dollars of losses after the British telehealth startup, which was founded by Ali Parsa, had sold its U.K. arm for around $620,000.
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British digital health startup Babylon Health went public in June 2021 at a $4.2 billion valuation. Just over two years later, the company has filed for bankruptcy and one of the core parts of the business, its U.K. telemedicine service, was sold for just $620,000 (£500,000).
Bankruptcy filings published on September 19 revealed the previously undisclosed value of the sale of Babylon’s U.K operations to U.S. digital health business eMed earlier this month. The report from administrator…
