Market News Alert: DarioHealth Secures Significant New Agreement, Expanding Growth in the $1.2 Trillion Dollar Cardiometabolic Market

By: Market News Alerts via Business Wire

February 07, 2025 at 08:08 AM EST

Expanding in a Multi-Trillion-Dollar market: DarioHealth (Nasdaq: DRIO) Taps into the $1.2 Trillion Cardiometabolic Market with New Blue Cross Blue Shield Agreement, which will utilize its AI-Driven Digital Health Platform which has shown a 58% Reduction in Hyperglycemic Events, and 59% Drop in Anxiety Symptoms; Recently Reported Strong Revenue Growth (111% YoY), Operational Cash Flow Positivity Targeted by Mid-2025, $40.6M Cash Position, and Strategic Collaborations Position Dario as a Potential Digital Health Powerhouse. Multiple wall street analysts have reportedly rated Dario a strong buy.

Market News Alerts Updates: DarioHealth Corp. (Nasdaq: DRIO)* has announced a significant new agreement with a Blue Cross Blue Shield (BCBS) health plan, marking a pivotal expansion in the fast-growing digital health landscape. This move integrates Dario's AI-driven cardiometabolic digital health solutions, covering diabetes, hypertension, and weight management, into the offerings of one of America’s most trusted health insurers. According to a recent report, the cardiometabolic disease market is projected to surpass $1.2 trillion by 2033.

According to the company, the BCBS partnership, launched in January 2025, is already contributing to Dario's recurring revenue growth and is expected to expand throughout the year. This adds to Dario's impressive roster of nine health plan clients, including national and regional payers, and 12 Fortune 500 companies, according to the company.

Financial momentum seemingly remains strong, with Q3 2024 revenue up 111% YoY, driven by operational efficiencies post-Twill acquisition. A $25.6 million private placement has boosted Dario's cash position to $40.6 million, supporting growth strategies. The company targets operational cash flow positivity by mid-2025.

Recently, the company also reported another potential key growth driver -- Dario's expansion into the booming $100 billion GLP-1 weight-loss market. Notably, unlike competitors, Dario offers an end-to-end solution that integrates GLP-1 prescriptions with behavioral health tools, enhancing long-term outcomes. Strategic collaborations, such as with MediOrbis, further strengthen this offering.

Dario’s data-driven approach delivers measurable results: 5x ROI for payers, a 58% reduction in hyperglycemic events, and a 59% decrease in anxiety symptoms. Its scalable, AI-powered platform is rapidly gaining traction among payers and employers seeking cost-effective, high-impact health solutions.

With a presence in multi-billion-dollar markets, expanding health plan partnerships, strong financials, and cutting-edge technology, DarioHealth is positioning itself as a potential digital health powerhouse in the making.

Recent News from Dario:

* Disclaimer: Nothing in this report constitutes financial or investment advice, nor does it represent an offer to buy or sell securities. This report is published by Market News Alerts, a brand which is part of the Wall Street Wire™ network. The operators of Wall Street Wire are not registered brokers, dealers, or investment advisers. This report contains paid promotional content related to DarioHealth and was produced as part of their paid subscription to Wall Street Wire. This report has not been reviewed or approved by DarioHealth prior to publication. Please review the full disclaimers and compensation disclosures here: redditwire.com/terms.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250206193804/en/

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Market News Alert: DarioHealth Secures Significant New Agreement, Expanding Growth in the $1.2 Trillion Dollar Cardiometabolic Market

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