What You Should Know:
- Kontakt.io, a leading innovator in Inpatient Journey Analytics, has announced a significant investment of $47.5 million. This Series C funding round, led by Growth Equity at Goldman Sachs Asset Management (Goldman Sachs), empowers Kontakt.io to accelerate its growth and fuel the expansion of its cutting-edge Artificial Intelligence (AI) solutions.
- Goldman Sachs' investment signifies their confidence in Kontakt.io's disruptive technology and market potential.
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AngelEye Health Acquires NICU2Home to Bolster NICU Care
What You Should Know:
- AngelEye Health, the leading provider of technology for neonatal and pediatric family engagement services, has announced the acquisition of NICU2Home.
- NICU2Home, dedicated to empowering families through technology during their NICU journey, perfectly complements AngelEye's existing solutions.
A Holistic Approach to NICU Care
By integrating NICU2Home's expertise, AngelEye expands its solutions to:
Seamlessly connect families with their infants:
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COTA & Sanofi Partner to Leverage Real-World Data and AI to Accelerate Cancer Trials
What You Should Know:
- COTA, a leading real-world data (RWD) and analytics company in oncology, has announced a new collaboration with Sanofi.
- The strategic partnership aims to leverage RWD and artificial intelligence (AI) to accelerate clinical trials specifically focused on multiple myeloma, a cancer affecting white blood cells. The findings from this partnership have the potential to significantly impact future clinical trial designs for multiple myeloma.
Unlocking
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MemorialCare Deploys Abridge’s GenAI Clinical Documentation Across Enterprise
What You Should Know:
- MemorialCare, a healthcare system in Southern California, announced today a partnership with Abridge, a company pioneering the use of generative AI for clinical documentation.
- The strategic collaboration aims to streamline administrative tasks for physicians and improve patient care experiences.
Reducing Burden and Rekindling Human Connection
MemorialCare anticipates Abridge's AI technology to significantly reduce the administrative burden of
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PathAI and Google Cloud Partner to Advance AI-Powered Pathology for Biopharma and Labs
What You Should Know:
- PathAI, a leading force in AI-powered pathology, has joined forces with Google Cloud at the Bio-IT World Conference & Expo to accelerate the integration of AI and digital pathology workflows within biopharmaceutical companies and anatomic pathology (AP) labs.
- By streamlining workflows, expediting data processing, and enabling the development of more precise AI models, this collaboration has the potential to revolutionize the field of pathology and
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Particle Health Addresses Integration to Epic Data Despite Dispute
What You Should Know:
- Particle Health, a healthcare data platform company, is addressing concerns about a reported data access disruption with electronic health record (EHR) giant Epic.
- Particle Health emphasizes that the vast majority of its customers continue to receive data from Epic uninterrupted, despite recent announcements suggesting otherwise.
The Dispute and Its Impact
However, Particle Health acknowledges a dispute with Epic that began in March 2024. While
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ChrysCapital Looks to Sell GeBBS Healthcare Solutions for $1B
What You Should Know:
- ChrysCapital, India's largest homegrown private equity (PE) firm, is reportedly exploring the sale of GeBBS Healthcare Solutions, a Los Angeles-based healthcare business process outsourcing (BPO) company.
- This comes roughly six years after ChrysCapital acquired GeBBS in 2018. The potential $1 billion valuation reflects a significant increase from the acquisition price in 2018. This transaction could signal ChrysCapital's strategy of entering a
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Butterfly Network Expands Maternal Health Initiative in Sub-Saharan Africa with “Siyakubona” Program
What You Should Know:
- Butterfly Network, a company specializing in portable ultrasound technology, has announced the second phase of its ambitious maternal health program in Sub-Saharan Africa. This initiative, titled "Siyakubona" (meaning "we see you" in Zulu), aims to improve access to critical prenatal care for women in South Africa.
- By increasing access to portable ultrasound technology and proper training, the Siyakubona program has the potential to significantly improve
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Whistleblower Calls for Action Against 22 Digital Health Providers After FTC Busts Monument Inc.
What You Should Know:
- Whistleblower Aid, a non-profit organization supporting whistleblowers, is urging the Federal Trade Commission (FTC) to take action against 22 additional digital health providers following the recent FTC case against Monument Inc. This action banned Monument Inc. from sharing user data with third-party advertisers, a violation of patient privacy.
- This case highlights the importance of protecting patient data in the digital health industry. Whistleblower
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Philips Respironics Reaches Final Agreement with US Regulators on Sleep Apnea Device Recall
What You Should Know:
- Philips Respironics, a subsidiary of Royal Philips, has finalized a consent decree with the US Department of Justice (DOJ) and Food and Drug Administration (FDA) to address issues raised during a 2021 inspection of a Philips facility in Pennsylvania.
- The agreement focuses on Philips Respironics' operations in the US, particularly regarding the recall of certain sleep and respiratory care devices.
- The company's focus will now be on completing remediation
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