A group of bipartisan senators is encouraging legislation to support the deployment of AI in healthcare and implementing guardrails to ensure patient safety.

The venture will leverage new technologies and therapies for remote patient monitoring to ease provider burnout and allow patients to receive more personalized care.

Sonio will remain an independent company following the acquisition.

North Carolina-based Cone Health, Virginia health system Sentara Health and Kentucky community health center A Plus Family HealthCare will utilize TytoCare in local schools.

The Delaware-based company provides self-insured employers with data and strategies to reduce costs associated with prescription medications.

The company's stock price dropped after it released its first-quarter earnings and lowered its full-year guidance despite an increase in revenue.