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Also, a new online repository of health and wellness knowledge has been launched in India.

The startup announced a $5.5 million Series A raise in May 2021.

Peloton said it's expanding its partnership with Taiwanese company Rexon Industrial Corp., which will become the primary manufacturer of its bike and treadmill products.

The Rock Health report found U.S. digital health startups raised $10.3 billion in the first half of 2022, putting the year on track to fall short of 2021. But there are some bright spots for the sector.

Also: CVS Health hires Tilak Mandadi for the newly created role of chief data, digital and technology officer.

In a post on LinkedIn, CEO and cofounder Florian Otto said the cuts will allow the company to "adapt to current market realities, and re-organize ourselves for what we want to achieve following last year's acquisition of OODA Health."

A jury found Balwani guilty on all 12 charges he faced, including 10 counts of wire fraud and two counts of conspiracy to commit wire fraud.

Tebra, the result of a recent merger between Kareo and PatientPop, said the equity and debt financing brings its valuation to more than $1 billion.

The startup plans to use the funds to expand to states with large TRICARE populations, like Texas, Florida and Virginia.

The funds will support its expansion across India.