What You Should Know:
- Redi Health, an innovator in digital health solutions, announced today the successful closing of a $14 million Series B funding round.
- The Series B round, led by Blue Heron Capital, with participation from North Coast Ventures and existing investors, empowers Redi Health to accelerate growth and further establish itself as a leader in the digital health space.
Addressing Challenges in Patient Support Programs
Traditional Patient Support Programs (PSPs)
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Absci Announces $75M Public Offering to Fuel AI Drug Creation
What You Should Know:
- Absci Corporation (Nasdaq: ABSI), a company utilizing generative AI for drug discovery, announced today an initial public offering (IPO) of $75 million in common stock.
- This IPO aims to support the advancement of Absci's internal drug development programs, further investment in their Integrated Drug Creation™ platform, and general corporate purposes.
Offering Details
Absci intends to offer $75M of common stock, with an option to sell an additional $11.25M
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Veradigm Acquires ScienceIO for $140M in Cash to Accelerate AI Innovation in Healthcare
What You Should Know:
- Veradigm Inc. (NASDAQ: MDRX), a provider of healthcare data and technology solutions, announced an agreement to acquire ScienceIO, a leader in healthcare AI platform and foundation models.
- The acquisition is valued at $140 million in cash, with $44 million deferred and payable in installments over three years. Veradigm will fund the transaction entirely from existing cash reserves.
Strategic Acquisition to Enhance AI Capabilities
This acquisition signifies
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Color Health, BCBS National Labor Office Partner to Empower Unions in the Fight Against Cancer
What You Should Know:
- Color Health, a leader in comprehensive cancer solutions, announced today a Strategic Alliance partnership with the Blue Cross Blue Shield (BCBS) National Labor Office (NLO).
- Through this alliance, Color Health and BCBS NLO aim to empower union leaders with the tools and resources needed to equip their members for the fight against cancer, promoting early detection, comprehensive care, and essential support services.
Comprehensive Cancer Care for Union
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b.well Connected Health Secures $40M to Revolutionize Fragmented Healthcare Landscape
What You Should Know:
- b.well Connected Health, a leading platform provider for connected healthcare ecosystems raises $40M in Series C funding led by Leavitt Equity Partners.
- b.well’s FHIR-based platform empowers healthcare organizations to create a unified experience for consumers, allowing them to manage their health information, receive valuable insights, and access care services conveniently.
Expansion Plans
This Series C funding round further fuels b.well's mission to
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Alamar Biosciences Raises $128M to Accelerate Proteomics Platform
What You Should Know:
- Alamar Biosciences, a leader in precision proteomics for early disease detection raises $100M in Series C round, with an additional $28M expected within the next 30 days. This brings their total funding to nearly $250M.
- The Series C funding round was led by led by Sands Capital, with participation from new and existing investors, including both financial and strategic partners. Ian Ratcliffe, Executive Managing Partner at Sands Capital, has joined Alamar's Board
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Hello Heart Appoints Assaf Ohana as its First Chief Product Officer
What You Should Know:
- Hello Heart, a provider of innovative digital health solutions appoints Assaf Ohana as its inaugural Chief Product Officer.
- Prior to joining Hello Heart, Ohana served as Chief Product Officer at ActiveFence and Alto Pharmacy, where he played instrumental roles in developing cutting-edge products aimed at improving healthcare accessibility and efficiency. His extensive background in product leadership includes notable tenures at Instacart and Upwork, where he
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Abridge Secures $150M to Expand GenAI, Partners with Yale New Haven Health System
What You Should Know:
- Abridge, the leading force in generative AI for clinical documentation, announced today a staggering $150 million Series C funding round led by Lightspeed Venture Partners. The funding also includes participation from new and existing investors like Redpoint Ventures, IVP, Spark Capital, Union Square Ventures, Bessemer Venture Partners, Wittington Ventures, Mass General Brigham Artificial Intelligence and Digital Innovation Fund (AIDIF), Kaiser Permanente Ventures, and
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Only 37% of Medical Practices Receive Value-Based Care Payments, Black Book Survey Reveals
What You Should Know:
- While the shift towards value-based care (VBC) is underway, a recent Black Book survey reveals that only 37% of medical practices are currently receiving payments from upside-risk arrangements and shared savings, while 12% receive payments from full risk.
- This leaves a significant portion, over 50%, still relying on traditional Fee-For-Service models.
Healthcare Providers Seek Guidance in VBC Transition
The survey also highlights the increasing demand for
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DarioHealth Acquires Twill for $10M, Creating a Comprehensive Digital Health Platform for Chronic Conditions
What You Should Know:
- DarioHealth Corp. (Nasdaq: DRIO) announced the acquisition of Twill, Inc., a leader in digital-led chronic care management, in a move that positions Dario as a major player in the digital health market.
- This strategic acquisition will create a comprehensive platform addressing a wide spectrum of chronic conditions, from emotional health to diabetes and heart disease.
Acquisition Financial Terms
Under financial terms, Dario paid $10 million in cash and issued
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