The virtual health care company is “focused on operationalizing, aligning, and rationalizing the large number of acquisitions completed over the last two years,” it said in announcing its latest financial results. A forecast $4 million in annualized savings in the second quarter this year “will come with a cost of severance, or working notice, which will impact cash flows,” CloudMD’s news release said. (The Logic)

Talking point: CloudMD’s acquisitions have included MindBeacon in 2021, a $116-million deal for a money-losing mental-health service; more recently, CloudMD has divested brick-and-mortar pharmacies and clinics. It has $24.1 million in cash on hand and expects that will cover its expenses and fund future growth, it said. The company booked writedowns totalling almost $120 million on the values of several divisions in 2022, resulting in a net loss for the year of nearly $158 million.