DarioHealth (NASDAQ: DRIO), a leader in the global digital health market, today announced a strategic reorganization designed to streamline leadership and focus the organization on accelerating its commercialization efforts. The move reflects Dario’s commitment to bringing its innovative solutions to the market faster, maximizing customer impact, and driving the organization to profitability. To achieve this goal, DarioHealth is implementing a new organizational model. The president role will be eliminated, and dedicated C-level positions will be established for each core function, reporting directly to the chief executive officer. The newly created role of chief commercial officer (“CCO”) will be in addition to the existing C-Level roles. Further strengthening its commercial focus, DarioHealth announced the appointment of Steven Nelson as its CCO. “We are excited to welcome Steven as DarioHealth’s chief commercial officer. We are confident that his exceptional track record and experience will accelerate our growth, bring us to cash flow positive, and capitalize on our pipeline of commercial opportunities which, after the expanded product offering through the Twill acquisition, is larger than ever before,” said Dario CEO Erez Raphael. The addition of a CCO to our management structure ensures that there is a c-level executive strictly focused on commercial activities that will allow us to continue to deliver on our mission to transform the current health and care experience for members.”
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About DarioHealth Corp.
DarioHealth is a leading digital health company revolutionizing how people with chronic conditions manage their health through a user-centric, multi-chronic condition digital therapeutics platform. Its platform and suite of solutions deliver personalized and dynamic interventions driven by data analytics and one-on-one coaching for diabetes, hypertension, weight management, musculoskeletal pain and behavioral health. Dario’s user-centric platform offers people continuous and customized care for their health, disrupting the traditional episodic approach to healthcare. This approach empowers people to holistically adapt their lifestyles for sustainable behavior change, driving exceptional user satisfaction, retention and results, making the right thing to do the easy thing to do. Dario provides its highly user-rated solutions globally to health plans and other payers, self-insured employers, providers of care and consumers. To learn more about Dario and its digital health solutions, or for more information, visit www.DarioHealth.com.
NOTE TO INVESTORS: The latest news and updates relating to DRIO are available in the company’s newsroom at http://ibn.fm/DRIO
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