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HomeHealthBiofourmis CEO steps down a month after international layoffs Receive US

Biofourmis CEO steps down a month after international layoffs Receive US

AI-backed distant monitoring and digital therapeutics firm Biofourmis confirmed the corporate’s cofounder Kuldeep Singh Rajput stepped down as its CEO only one month after the corporate laid off 120 workers worldwide, 48 of whom have been within the U.S.  

“He stays dedicated to offering assist and recommendation to the corporate going ahead,” Biofourmis instructed MobiHealthNews in an e mail. “We thank Kuldeep for his imaginative and prescient and repair to Biofourmis and want him success in his future endeavors, and we’re conducting a seek for a brand new chief government.”

The Boston-based firm mentioned that Ben Wanamaker has been appointed to its board of administrators and can oversee its new “Workplace of the CEO.”

“The corporate has instituted an Workplace of the CEO, which incorporates Maulik Majmudar, chief medical officer and cofounder of Biofourmis; Renika Seghal, chief monetary officer; Milan Shah, chief expertise officer; Daniel Track, basic counsel; and Jaydev Thakkar, chief working officer. This Workplace of the CEO will direct the corporate’s common operations and Ben Wanamaker could have oversight of the Workplace,” Biofourmis instructed MobiHealthNews

Wanamaker most lately served as vp of enterprise technique at Humana and beforehand held the positions of vp and basic supervisor of analytics product at Aetna and director of technique and operations of well being providers at Walmart. 

“Biofourmis is a pacesetter within the technology-enabled healthcare supply market, and we’re dedicated to our mission to remodel healthcare by harnessing the ability of expertise and information,” the corporate mentioned. 

THE LARGER TREND

Biofourmis, which presents house care instruments to assist remotely monitor acute and post-acute sufferers and a digital specialty care platform known as Biofourmis Care centered on managing sufferers with power situations, confirmed to MobiHealthNews that it laid off workers in operational and administrative roles final month to deal with “accelerating development within the U.S. market.” 

The layoffs got here roughly a yr after the corporate scored $300 million in Collection D funding, bringing it to unicorn standing with a valuation of $1.3 billion. 4 months later, the corporate added $20 million to its Collection D spherical. 

In 2020, Biofourmis garnered $100 million in Collection C funding.

Earlier this yr, the corporate announced a four-year collaboration with Georgia-based well being system Augusta University Health and a multiyear agreement with Florida-based Orlando Well being.  

Different firms within the distant affected person monitoring area embrace Greatest Purchase’s Present Well being, well being tech firm Withings Well being Options and digital care platform Cadence. 

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