Under the deal, MedRhythms would receive a $3 million upfront payment and could earn up to $117.5 million if certain milestones are met.
The round included a strategic investment from pharma giant Gilead Sciences to expand their partnership for decentralized and hybrid trials.
Team Medical offers a range of products from medical equipment and surgical instrument to disposables.
The suspension comes as the digital mental health company faces increasing pressure over its prescription practices, particularly for ADHD medications.
Also: Pediatric behavioral health company Brightline partners to develop its teen programs, and digital fitness startup FitOn launches courses for seniors and people with chronic conditions.
The completed deal comes weeks after LetsGetChecked announced its intent to acquire Veritas Genetics and Veritas Intercontinental.
Researchers noted they were unable to discover a single unified framework for tackling LoS prediction, which made it difficult to compare approaches.
Also: Imagene AI raises $21.5 million across two rounds for precision cancer care, and Capable Health scores $6 million in seed funding to help providers build healthcare apps.
