Babylon Holdings Ltd
ir.babylonhealth.comNo Longer Reporting
The company has not filed an annual or quarterly report since its Q1 FY2023 10-Q, filed May 10, 2023. Its latest SEC filing is a 8-K from Aug 31, 2023.
10-Q for Q1 FY2023, filed May 10, 2023
The sections below describe the company as of the FY2022 annual report.
What Did They Do?
Provides value-based care for health plan members, and sells clinical services and digital health software to healthcare providers, insurers and other organizations.
10-K for FY2022, filed Mar 16, 2023We believe our solution reengineers the healthcare value chain by delivering a digital-first platform for value-based care at scale.…View ↗
We believe that a majority of our Global Managed Care Members’ needs can be addressed through our digital platform and, based on our…View ↗
Working with governments, payers and providers to deliver quality healthcare services globally, we monetize our platform in three primary…View ↗
Our marketing strategy is focused on building brand awareness by highlighting our digital-first solution and demonstrating the return on…View ↗
How Did They Make Money?
Health plans and other customers pay fixed per-member monthly amounts for managed care, sometimes with added payments tied to members’ health, savings and care quality. Clinical care brings fees per consultation or per-member payments plus consultation fees, while partners pay software license fees; invoices are generally paid in the month after they are issued.
10-K for FY2022, filed Mar 16, 2023Value-based care (“VBC”) revenue consists primarily of per member per month (“PMPM”) allocations for care management services by the Group…View ↗
In general, the Group considers all VBC revenue contracts as containing a single performance obligation to stand ready to provide managed…View ↗
Value-Based Care, or VBC, in which we manage a defined subset or the entire medical costs of a member population and assume financial…View ↗
Revenue is primarily derived from the following sources: (1) capitation revenue from value-based care services, (2) software license fees…View ↗
The contract assets primarily relate to the Group’s rights to consideration for work performed but subject to customer acceptance at the…View ↗
$1.1B
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10-K for FY2022, filed Mar 17, 2023
$1.1B ↗
Who Were Their Customers?
Babylon's business customers are healthcare providers, insurers, governments and employers that sponsor employee memberships. It builds its sales pipeline through inbound inquiries, outbound outreach and existing customer relationships.
10-K for FY2022, filed Mar 16, 2023
Did Revenues Turn Into Profits?
No. It lost $221.4M in FY2022.
10-K for FY2022, filed Mar 17, 2023
How Were They Changing?
- Net income
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Sources
10-Q for Q1 FY2023, filed May 11, 2023
−$63.2MView ↗
- ▲ +117% (Loss)
- vs −$29.1M in Q1 FY2022
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Aug 31, 2023
eMed acquired substantially all of Babylon's remaining UK assets
Babylon said its remaining controlled entities were expected to be wound down; the sale provides no payment to ordinary shareholders.
Sources
8-K, filed Aug 31, 2023
London, UK – August 31, 2023 – Babylon Holdings Limited (OTC Pink: BBLNF) (“Babylon”, and together with its subsidiaries, the “Group”)…View ↗
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Aug 11, 2023
Centene terminated most of its agreements with Babylon
The agreements related to healthcare services for Centene members and represented 48.1% of Babylon's revenue in FY2022.
Sources
8-K, filed Aug 11, 2023
The Centene Agreements, collectively, are material to the Company and relate to the provision of healthcare services to Centene's patients…View ↗
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Aug 7, 2023
MindMaze deal halted as Babylon exited its core U.S. business
Babylon pursued a sale of its UK business after the proposed transaction would not proceed.
Sources
8-K, filed Aug 7, 2023
The Previously Proposed Transaction will not proceed. Following Babylon’s receipt of funding under its amended bridge notes facility with…View ↗
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Jun 28, 2023
Babylon said it would not seek to regain NYSE listing compliance
It expected its shares to be suspended and then delisted from the NYSE.
Sources
8-K, filed Jun 28, 2023
On June 22, 2023, Babylon Holdings Limited (the “Company”) received a notice (the “Notice”) from the New York Stock Exchange (the “NYSE”)…View ↗
Who Did They Compete With?
Competes with Agilon health, Amwell, Oak Street Health, One Medical, Teladoc, Apple, Amazon, Facebook, Verizon, Microsoft, Kroger, CVS Health, Walgreens, Walmart, Zoom Video, and Twilio
10-K for FY2022, filed Mar 16, 2023We view as competitors those companies whose primary business is developing and marketing remote healthcare platforms and services and also…View ↗
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