{"id":538508,"date":"2021-09-15T08:05:12","date_gmt":"2021-09-15T12:05:12","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/babylon-delivers-exceptional-h1-2021-operational-and-financial-results-and-reaffirms-growth-guidance\/"},"modified":"2021-09-15T08:05:12","modified_gmt":"2021-09-15T12:05:12","slug":"babylon-delivers-exceptional-h1-2021-operational-and-financial-results-and-reaffirms-growth-guidance","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/babylon-delivers-exceptional-h1-2021-operational-and-financial-results-and-reaffirms-growth-guidance\/","title":{"rendered":"Babylon Delivers Exceptional H1 2021 Operational and Financial Results and Reaffirms Growth Guidance"},"content":{"rendered":"
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H1 2021 Revenue grew 472% year-over-year<\/h2>\n

Global growth to become one of the largest Value-Based Care businesses with over 200,000 Members1<\/h2>\n

U.S. grew from its January 2020 launch to over 3 million covered lives including over 80,000 VBC lives<\/h2>\n

Alkuri Global Acquisition Corp. and Babylon expect to close the transaction mid-October 2021<\/h2>\n

Babylon reaffirms 2021 and 2022 growth guidance<\/h2>\n

PR Newswire<\/p>\n<\/p><\/div>\n

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PALO ALTO, Calif.\u00a0and LONDON<\/span>, Sept. 15, 2021<\/span> \/PRNewswire\/ — Babylon Holdings Limited (“Babylon<\/span>“)<\/b>, a world leading company reengineering how people engage with their health at every step of the care continuum, today announced its financial and operating results for the six months ended June 30, 2021<\/span>.<\/p>\n

\n Ali Parsa<\/span>, CEO and Founder of Babylon<\/span> said: “Babylon<\/span> again passed many milestones in the first half of 2021, growing revenue by 472% year on year. We continued to execute, putting us amongst the fastest growing companies worldwide, including in the US, where since our initial launch last year, we gained millions of covered members and, as of today, over 100,000 value-based lives.”<\/p>\n

“But I believe we have not even really begun. We are on the verge of a fundamental overhaul in the global system of delivery of healthcare, with finally everything that is solid melting into air as it did years ago with other sectors like retail, finance and information. Out of this the healthcare sector will also emerge some of the world’s most valuable and impactful companies by creating a more scalable, accessible and affordable value proposition worldwide.”<\/p>\n

“We have the determination and the confidence to focus on this long-term goal, and not be distracted by short term glory. Babylon<\/span> has one of the largest and most diverse collections of scientists, engineers and clinicians working together across the world, led by an accomplished management team with a proven track record, addressing affordability and accessibility of healthcare. We will continue to invest to create a powerful and unique combination of our digital-first, AI-enabled, comprehensive clinical services that will in time transform every touch point of the care continuum. I couldn’t be more proud of our Babylonian team and we look at these results that were delivered by every Babylonian as just a confirmation that we are on the right path,” said Parsa.<\/p>\n

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\n Financial Results and Operating Metrics Summary<\/u>
\n <\/b>\n <\/p>\n

Improvement in the following financial and operational metrics for the six months ended June 30, 2021<\/span>, compared to the six months ended June 30, 2020<\/span>: <\/p>\n