MedCity News January 5, 2022
Vera, a value-based primary care provider, will buy all the outstanding shares of Castlight, in a move that will merge the two companies.
Shares of Castlight Health stock rose sharply Wednesday on the morning’s announcement of Vera Whole Health purchasing Castlight for $370 million, thereby taking it private.
One of the early digital health companies to go public, the San Francisco-based healthcare navigation platform aims to help consumers better understand what their out-of-pocket costs are, so they can save money on care. The company’s aim was to literally shed light on the opaque world of medical costs.
However, after a much touted initial public offering in 2014, Castlight never lived up to the hype. After briefly touching, $40 per share...
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