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Fred Pennic, Editor-in Chief | HIT Consultant

Fred Pennic is the Founder and Editor-in-Chief of HIT Consultant.

ScreenPoint Medical Acquires Biomediq to Enhance Breast Cancer Risk Assessment with AI

by Fred Pennic 01/08/2025 Leave a Comment

ScreenPoint Medical Acquires Biomediq to Enhance Breast Cancer Risk Assessment with AI

What You Should Know:  - ScreenPoint Medical, a provider of AI-powered breast cancer screening solutions, acquires Biomediq A/S, a research-based company specializing in quantitative imaging biomarkers. Financial details of the acquisition were not disclosed.  - ScreenPoint's industry-leading Transpara AI platform will now incorporate Biomediq's advanced risk analysis technology, which enables automated analysis of 2D and 3D mammograms to assess future breast cancer risk. This
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Mashura Secures $300M Strategic Partnership with PE Firm Warburg Pincus

by Fred Pennic 01/07/2025 Leave a Comment

Mashura Secures $300M Strategic Partnership with PE Firm Warburg Pincus

What You Should Know:  - Mashura, a provider of inventory intelligence solutions for healthcare, announced today a significant $300M strategic partnership with a newly formed financing vehicle sponsored by Warburg Pincus, a growth private equity firm.  - The investment will fuel Mashura's expansion plans, drive innovation in its core offerings, and strengthen its integration partnerships. Inventory Intelligence Solutions Mashura specializes in providing smart cabinet
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Providence Ventures Spins Out, Forms Allumia Ventures

by Fred Pennic 01/07/2025 Leave a Comment

Providence Ventures Spins Out, Forms Allumia Ventures

What You Should Know:  - Allumia Ventures, formerly known as Providence Ventures, announced its spin-off from Providence to become an independent venture capital firm.  - The spin out follows the first close of its third fund, marking a significant milestone in the firm's evolution. The firm will continue to work closely with Providence as an Anchor Limited Partner while inviting a select group of other healthcare organizations to join its third fund. Allumia Ventures
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ONRAD Acquires Direct Radiology from Philips, Creating Largest Independent Teleradiology Provider in the US

by Fred Pennic 01/07/2025 Leave a Comment

ONRAD Acquires Direct Radiology from Philips, Creating Largest Independent Teleradiology Provider in the US

What You Should Know:  - ONRAD Inc., a provider of teleradiology and comprehensive radiology solutions, announced the acquisition of Direct Radiology from Royal Philips. Financial terms of the acquisition were not disclosed.  - Direct Radiology, founded in 2012, is a Joint Commission-accredited practice with a network of approximately 80 radiologists serving over 430 healthcare facilities across the US. By integrating Direct Radiology's extensive network and expertise, ONRAD
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NeuroFlow Acquires Intermountain Health’s Behavioral Health Analytics Model

by Fred Pennic 01/07/2025 Leave a Comment

Intermountain Health Partners with NeuroFlow to Improve Behavioral Health Integration in Primary Care

What You Should Know:  - NeuroFlow, a behavioral health technology and analytics company, has acquired Intermountain Health's proprietary behavioral health analytics model. Financial details of the acquisition were not disclosed.  - The strategic acquisition significantly enhances NeuroFlow's capabilities, enabling the company to provide more healthcare organizations with advanced risk assessment tools and improve patient outcomes on a national scale.  Enhancing
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Pepticom Secures $6.6M to Advance AI-Powered Peptide Drug Discovery

by Fred Pennic 01/07/2025 Leave a Comment

Pepticom Secures $6.6M to Advance AI-Powered Peptide Drug Discovery

What You Should Know:  - Pepticom, an innovator in AI-driven peptide-based therapeutics secures $6.6M in a Series A1 funding round led by Japan Israel High Tech Ventures 2 LP, with strong support from existing investors.  - The new funding will accelerate the development of Pepticom's oral IL-17 inhibitor program, focusing on creating improved treatments for autoimmune diseases like psoriasis and psoriatic arthritis. Revolutionizing Autoimmune Disease Treatment Pepticom is
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ActiGraph Acquires Biofourmis Life Science Business

by Fred Pennic 01/07/2025 Leave a Comment

ActiGraph Acquires Biofourmis Life Science Business

What You Should Know:  - ActiGraph, a global leader in wearable digital health technology, announced the acquisition of Biofourmis Connect, a division of Biofourmis specializing in AI-powered digital trial platforms for the life science industry. Financial terms of the acquisition were not disclosed. - The acquisition combines ActiGraph's expertise in wearable technology with Biofourmis Connect's advanced analytics capabilities, creating a comprehensive and unified solution for
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Wellumio Expands Stroke Detection Device to U.S. Market

by Fred Pennic 01/06/2025 Leave a Comment

Wellumio Expands Stroke Detection Device to U.S. Market

What You Should Know:  - Wellumio, a New Zealand-based medical device innovator announced the launch of a new subsidiary in California, a strategic move aimed at facilitating US-based clinical trials for its groundbreaking Axana device and accelerating its commercial rollout in the United States. - Wellumio's expansion to the United States marks a significant milestone in its journey to revolutionize stroke care.  Axana: Transforming Stroke Detection Axana is a portable,
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M&A: Predictive Oncology to be Acquired by Renovaro

by Fred Pennic 01/06/2025 Leave a Comment

Predictive Oncology to be Acquired by Renovaro

What You Should Know:  - Predictive Oncology Inc. (NASDAQ: POAI), a leader in AI-driven drug discovery, announced its upcoming acquisition by Renovaro, Inc. (NASDAQ: RENB) in a strategic move aimed at accelerating innovation and improving cancer treatment outcomes.  - The merger brings together two companies with a shared commitment to leveraging artificial intelligence and machine learning to transform cancer care. Synergistic Strengths and Shared Vision Both Predictive
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Model N Appoints Bret Connor as CEO to Drive Next Phase of Growth

by Healthcare Executive Hires 01/06/2025 Leave a Comment

Model N Appoints Bret Connor as CEO to Drive Next Phase of Growth

What You Should Know:  - Model N, a leading provider of revenue optimization and compliance solutions for life sciences and high-tech companies, announced the appointment of Bret Connor as Chief Executive Officer.  - Connor brings a wealth of experience in driving customer success and operational excellence, positioning Model N for continued growth and market leadership.   Bret Connor Bio/Background Connor joins Model N from athenahealth, where he served as Chief
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