With all eyes on $GME, seems the market missed the huge $DRIO news this morning

-DRIO acquires Upright, a leading digital musculoskeletal company for $31M
-Raises $70M through an oversubscribed private placement. Investors include Perceptive and Farallon https://www.fiercehealthcare.com/tech/dariohealth-scoops-up-upright-technologies-for-31m-to-expand-into-digital-msk-market

The acquisition brings combined revenues to $20.3M in 2020. Upright has over 90,000 active users, bringing DRIO’s total membership to over 150,000 users from 65,000 last quarter, is gross-margin accretive with 60% gross margins, and is recommended at over 500 clinics worldwide.

On the call, they also mentioned an expansion of the pipeline from $350M last quarter to $500M. They now have $90M on the balance sheet, plenty for more acquisitions.

Will launch an integrated product on July 1st. Omada is the only other integrated platform that’s doing MSK now

This acquisition opens up a $30B TAM and another point of differentiation, in addition to a further upsell and cross-sell opportunity.

Upright has gained strong traction in the consumer market and is now getting into the B2B market, lots of synergies here with DRIO’s pivot.

Overall, I think this is an excellent acquisition and a very fair price. Dario is setting up for a very strong year and the additional support of some very reputable investors should help get more eyes on the stock.

I’ve added to my position.