Why Did DarioHealth (DRIO) Stock Surged In After-Market Trading?

Shares of DarioHealth Corp. (DRIO) were up 10.20% at $4.43 as of the most recent after-hours check. We may then point to recent occurrences to offer a more full picture of the company as the DRIO stock increased in the lack of recent news.

How have recent events at DRIO gone?

Recently, DarioHealth (DRIO) announced that two companies had chosen its complete line of chronic disease management products to aid in enhancing overall employee health starting in the first quarter of 2023.

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The new clients, which include a Fortune 1000 corporation and a major sports group, help DarioHealth’s employer market business expand quickly. Both businesses chose DRIO to use their lone digital therapeutics platform to help workers with diabetes, high blood pressure, needs for weight control, musculoskeletal issues, and behavioral health issues live healthier lives. The adoption by the multinational corporation marks DarioHealth’s success in breaking into some of the biggest self-insured businesses and follows a multi-month experiment in which DarioHealth showed the benefits of its platform.

Employers are seeing the advantages of using a single strategy to manage associated chronic illnesses, and DRIO continues to experience significant demand for its integrated suite of products. With the launch of these new accounts, DRIO will show how its unified, seamless experience can enhance results and health.

A city chooses DRIO

A mid-sized Midwestern city (the “City”) recently selected DarioHealth (DRIO) to offer its complete line of digital healthcare solutions to thousands of city employees beginning in the first quarter of 2023. The agreement, the company’s first with a government benefits organization, expands the already substantial employer reach of the business to a new market. As part of its benefits strategy to support objectives around improving employee health and engagement, the City chose DarioHealth’s suite of chronic condition management solutions to support employees living with diabetes, high blood pressure, weight management needs, and musculoskeletal and behavioral health needs.

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