MedCity News
In lawsuit, medication adherence startup claims it was strung along as part of planned SPAC acquisition
Medication adherence startup PillDrill is suing a digital health company UpHealth, claiming it lied about plans to acquire the startup as part of a broader SPAC deal.
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A medication adherence startup is suing digital health company UpHealth, saying it lied about a planned acquisition.
San Francisco-based PillDrill said it struck a term sheet in April of last year to be acquired for $6 million of UpHealth’s stock. But after a year of delays, the deal ultimately never happened, according to the lawsuit.
Realyze Intelligence, incubated at and funded by UPMC Enterprises, provides a platform that uses EMR data to identify chronic disease patients and help clinicians link them to appropriate treatment options. The platform leverages not only the structured data available in EMRs but also unstructured clinical notes.
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