Telehealth scaleup Babylon has announced the collapse of its proposed merger with Swiss healthtech unicorn MindMaze, leaving the beleaguered company on the brink of bankruptcy.
News
August 7, 2023
Babylon on the brink of bankruptcy after merger falls through
The healthtech is looking to sell its UK operations, according to a company statement
Kai Nicol-Schwarz, Eleanor Warnock and Mimi Billing
2 min read
Kai Nicol-Schwarz was a senior reporter at Sifted. He covered AI and UK tech.
Eleanor Warnock is an advisor to VC firm Bek Ventures, and writes a newsletter on tech and writing. She was previously Sifted’s deputy editor. Find her on X and LinkedIn

Sifted Daily newsletter
Stay one step ahead with news and experts analysis on what’s happening across startup Europe.
Recommended
EU Scaleup Fund leads $100m Tandem Health raise
The Swedish company’s tech is currently used by over 10k healthcare organisations
Can Neko's unflattering avatars actually change behaviour?
My latest Neko Health scan says I'm two years younger than my actual age; my avatar makes me think otherwise
Neko raises $700m Series C: ‘We now have 100k members and are profitable at clinic level’
Sifted sits down with CEO Hjalmar Nilsonne at its new clinic in Stockholm

