Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Investments in Subsidiaries and Associates

v3.22.1
Investments in Subsidiaries and Associates
12 Months Ended
Dec. 31, 2021
Interest in other entities [Abstract]  
Investments in Subsidiaries and Associates Investments in Subsidiaries and Associates
The Group and Company have the following investments:
Subsidiary Undertakings Country of Incorporation Principal Activity
Ownership
(As of
December 31, 2021)
Ownership
(As of
December 31, 2020)
Company:
Babylon Partners Limited UK Application development 100.0  % 100.0  %
Babylon Healthcare Services Limited UK Digital Healthcare services 100.0  % 100.0  %
Babylon Rwanda Limited Rwanda Digital Healthcare services 100.0  % 100.0  %
Babylon Inc. USA Digital Healthcare services 100.0  % 100.0  %
Babylon Health Canada Limited Canada Digital Healthcare services —  100.0  %
Babylon Liberty Corp. USA Digital Healthcare services 100.0  % — 
Babylon Malaysia SDN BHD Malaysia Digital Healthcare services 100.0  % 100.0  %
Babylon International Limited UK Digital Healthcare services 100.0  % 100.0  %
Babylon Health Ireland Limited Ireland Digital Healthcare services 100.0  % 100.0  %
Babylon Singapore PTE Limited Singapore Digital Healthcare services 100.0  % 100.0  %
Health Innovators Inc. USA Digital Healthcare services 100.0  % 70.1  %
Babylon Acquisition Corp. USA Digital Healthcare services —  100.0  %
Babylon Technology LTDA Brazil Digital Healthcare services 100.0  % 100.0  %
Higi SH Holdings Inc. USA Digital Healthcare services 100.0  % 19.0  %
Group:
Babylon Healthcare Inc. USA Digital Healthcare services 100.0  % 100.0  %
Babylon Healthcare NJ, PC USA Healthcare services 100.0  % 100.0  %
Babylon Healthcare, PLLC USA Healthcare services 100.0  % 100.0  %
Babylon Medical Group (formerly Marcus Zachary DO), PC USA Healthcare services 100.0  % 100.0  %
California Telemedicine Associates, PC USA Healthcare services 100.0  % 100.0  %
Telemedicine Associates, P.C. USA Healthcare services 100.0  % 100.0  %
Babylon Healthcare, PC USA Healthcare services 100.0  % 100.0  %
Babylon Healthcare NC, PC USA Healthcare services —  100.0  %
Babylon Healthcare, PA USA Healthcare services 100.0  % — 
Meritage Medical Network USA Healthcare services 100.0  % — 
Meritage Health Ventures, LLC USA Healthcare services 100.0  % — 
Meritage Health Plan USA Healthcare services 100.0  % — 
Meritage Management, LLC USA Healthcare services 100.0  % — 
Higi SH LLC USA Digital Healthcare services 100.0  % 19.0  %
Higi Health Holdings LLC USA Digital Healthcare services 100.0  % — 
Higi SH Canada ULC Canada Digital Healthcare services 100.0  % 19.0  %
Higi Health LLC USA Digital Healthcare services 51.0  % — 
Health Innovators Limited UK Digital Healthcare services 100.0  % 70.1  %
DTDHI Health India PVT Ltd India Digital Healthcare services 97.8  % 68.6  %

Babylon Acquisition Corp. merged with Higi SH on December 31, 2021, with Higi SH Holdings Inc. being the surviving entity.

Professional service corporations
As discussed in Note 2, we consolidated certain PCs which are owned, directly or indirectly, and operated by licensed physicians. The following provides summary financial data for the PCs that are included in the Consolidated Financial Statements:
As of December 31,
2021 2020
$’000 $’000
Total assets
104,703  35,535 
Total liabilities
168,240  42,699 

For the Year Ended December 31,
2021 2020
$’000 $’000
Total revenues
154,508  17,436 
Cost of care delivery
(155,191) (20,175)
Sales, general & administrative expenses
(55,006) (3,799)