3 digital health bankruptcies

As digital health funding has declined since the COVID-19 era, some former digital health unicorns have been forced to file for bankruptcy.

Here are three bankrupt digital health companies:

  1. Proteus Digital Health, one of the first digital health unicorns, filed for bankruptcy in June 2020.

  2. In April 2023, Pear Therapeutics filed for Chapter 11 bankruptcy and laid off 92 percent of its workforce.

  3. Babylon Health, a digital health company once valued at nearly $2 billion, filed for Chapter 7 bankruptcy for its two subsidiaries.

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