Market News Alert: DarioHealth Secures Significant New Agreement, Expanding Growth in the $1.2 Trillion Dollar Cardiometabolic Market
07 Février 2025 - 2:08PM
Business Wire
Expanding in a Multi-Trillion-Dollar market: DarioHealth
(Nasdaq: DRIO) Taps into the $1.2 Trillion Cardiometabolic Market
with New Blue Cross Blue Shield Agreement, which will utilize its
AI-Driven Digital Health Platform which has shown a 58% Reduction
in Hyperglycemic Events, and 59% Drop in Anxiety Symptoms; Recently
Reported Strong Revenue Growth (111% YoY), Operational Cash Flow
Positivity Targeted by Mid-2025, $40.6M Cash Position, and
Strategic Collaborations Position Dario as a Potential Digital
Health Powerhouse. Multiple wall street analysts have reportedly
rated Dario a strong buy.
Market News Alerts Updates: DarioHealth Corp. (Nasdaq: DRIO)*
has announced a significant new agreement with a Blue Cross Blue
Shield (BCBS) health plan, marking a pivotal expansion in the
fast-growing digital health landscape. This move integrates Dario's
AI-driven cardiometabolic digital health solutions, covering
diabetes, hypertension, and weight management, into the offerings
of one of America’s most trusted health insurers. According to a
recent report, the cardiometabolic disease market is projected to
surpass $1.2 trillion by 2033.
According to the company, the BCBS partnership, launched in
January 2025, is already contributing to Dario's recurring revenue
growth and is expected to expand throughout the year. This adds to
Dario's impressive roster of nine health plan clients, including
national and regional payers, and 12 Fortune 500 companies,
according to the company.
Financial momentum seemingly remains strong, with Q3 2024
revenue up 111% YoY, driven by operational efficiencies post-Twill
acquisition. A $25.6 million private placement has boosted Dario's
cash position to $40.6 million, supporting growth strategies. The
company targets operational cash flow positivity by mid-2025.
Recently, the company also reported another potential key growth
driver -- Dario's expansion into the booming $100 billion GLP-1
weight-loss market. Notably, unlike competitors, Dario offers an
end-to-end solution that integrates GLP-1 prescriptions with
behavioral health tools, enhancing long-term outcomes. Strategic
collaborations, such as with MediOrbis, further strengthen this
offering.
Dario’s data-driven approach delivers measurable results: 5x ROI
for payers, a 58% reduction in hyperglycemic events, and a 59%
decrease in anxiety symptoms. Its scalable, AI-powered platform is
rapidly gaining traction among payers and employers seeking
cost-effective, high-impact health solutions.
With a presence in multi-billion-dollar markets, expanding
health plan partnerships, strong financials, and cutting-edge
technology, DarioHealth is positioning itself as a potential
digital health powerhouse in the making.
Recent News from Dario:
- DarioHealth Announces $25.6M Private Placement Positioning the
Company to Execute on Strategy Aiming to Reach Operational Cash
Flow Positive Run Rate by the End of 2025
- DarioHealth Expands GLP-1 Solution with Prescribing
Capabilities through Collaboration with MediOrbis, Targeting
Employers and Direct-to-Consumer Markets
- Dario Signs Four New Employer Contracts Across Full Product
Suite
* Disclaimer: Nothing in this report constitutes
financial or investment advice, nor does it represent an offer to
buy or sell securities. This report is published by Market News
Alerts, a brand which is part of the Wall Street Wire™ network. The
operators of Wall Street Wire are not registered brokers, dealers,
or investment advisers. This report contains paid promotional
content related to DarioHealth and was produced as part of their
paid subscription to Wall Street Wire. This report has not been
reviewed or approved by DarioHealth prior to publication. Please
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