UpHealth, Inc. (NYSE: UPH) announced that Ketchum has been named its agency of record as it prepares for global expansion of its integrated healthcare system. CEO Dr. Ramesh Balakrishnan highlighted Ketchum's role in supporting UpHealth's growth and innovation. Ketchum's expertise in healthcare delivery will assist UpHealth in communicating its digital health solutions and improving patient outcomes globally. The collaboration marks a significant step in UpHealth's objective to enhance accessibility and efficiency in healthcare through digital infrastructure.
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UpHealth, Inc. (NYSE: UPH) reported its second quarter financial results for 2021, marking its first quarter as a public company. Revenue reached $31.9 million with a gross margin of 36.4%. Adjusted EBITDA stood at $2.1 million. The Integrated Care Management segment generated $11.3 million in revenue, while Global Telehealth contributed $7.0 million. Despite a net loss of $32.8 million, primarily due to acquisition-related expenses, UpHealth noted significant growth in its user base and plans for further development in 2021.
Cloudbreak Health has successfully completed its business combination with UpHealth, Inc. and UpHealth Holdings, forming a profitable global digital health company, UpHealth, Inc. (NYSE: UPH). This merger enhances Cloudbreak's service offerings, allowing access to a broader range of technologies across various healthcare sectors. The combined entity aims to improve care delivery and health management, addressing healthcare disparities and providing equitable access to diverse populations worldwide. This strategic move positions UpHealth at the forefront of healthcare's digital transformation.