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Babylon announced significant growth in its value-based care offerings, expanding access to approximately 135,000 lives in the U.S. and U.K. This brings the total managed lives to around 350,000 globally, including 105,000 in the U.K. by early 2022. The expansion includes 63,000 lives in Georgia and Mississippi, and 17,000 lives in California. Babylon reported a 472% year-on-year revenue growth and is finalizing its $4.2 billion SPAC merger with Alkuri Global Acquisition Corp. (NASDAQ: KURI, KURIU). The merger is set to close shortly, enhancing Babylon's operational scaling.
