Maker of telemedicine kiosks HealthSpot is shutting down, MedCityNews is reporting. According to their sources, both Cleveland Clinic and pharmacy chain Rite Aid said they were no longer working with HealthSpot.
A Cleveland Clinic spokesperson said that HealthSpot stations are no longer operational in their facilities, while Rite Aid issued the following statement:
On Monday, Dec. 28, Rite Aid was notified by HealthSpot of its intention to cease operations effective Thursday, Dec. 31. As a result, the 25 HealthSpot stations located inside select Rite Aid pharmacies in Cleveland, Akron/Canton and Dayton/Springfield will no longer be available to Rite Aid patients and customers after 5pm Thursday, Dec. 31.
Parts of the HealthSpot’s website aren’t working either, including the “Find A HealthSpot” and “Patient Login” links.
During 2015, HealthSpot has been expanding in retail pharmacies, but that apparently wasn’t enough to keep the operations sustainable. According to CrunchBase, the company has raised $23.11 million in 4 rounds, including the $11.56 million debt financing on January 28, 2015.
The combination of software and hardware does sound like a solid idea, but the latter part of the equation obviously comes with a hefty price tag. For the time being, we’ll keep watching the “software only” telehealth companies continuing to thrive…