UK’s Babylon Health goes bankrupt and is sold in parts nextdigitalhealth.com

It is worth noting that amid the boom of telehealth companies all around the world, we are seeing reports of major telehealth firms going down as well. Today, it was announced that Babylon telehealth which is UK’s major telehealth startup has filed for bankruptcy and is closing down its operations. It was noted that Babylon Health’s “U.K. subsidiary of the business formally went into administration. At the same time, the administrators sold a large chunk of its assets to eMed Healthcare UK, a new subsidiary of U.S. company eMed”. We must inform you that Babylon Health, once valued at $2 Billion, became worthless at the time of administration and was sold in parts.