What You Should Know:
Ibex Medical Analytics launches Galen Breast HER2™, a novel breast cancer AI-powered biomarker scoring solution developed in collaboration with AstraZeneca and Daiichi Sankyo, to support improved patient outcomes.Galen Breast HER2 is an AI-powered biomarker scoring solution to aid pathologists with reproductible HER2 assessment for breast cancer. The platform allows clinicians to rapidly and accurately identify patients with HER2-low who would benefit from
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M&A: NextGen Healthcare EHR Acquired by PE Firm for $1.8B
What You Should Know:
- Thoma Bravo, a private equity software investment firm has acquired NextGen Healthcare, Inc, for over $1.8B in cash.
- Under the terms of the agreement, NextGen Healthcare shareholders will receive $23.95 per share in cash. The acquisition is expected to close in the fourth calendar quarter of 2023
- Upon completion of the acquisition, NextGen Healthcare’s common stock will no longer be listed on any public stock exchange and will become a privately held
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UPMC to Replace Oracle Cerner with Epic Enterprise EHR by 2026
What You Should Know:
UPMC announced it is replacing Oracle Cerner with Epic’s enterprise EHR platform to create a unified platform across its health system, representing more than six million patient records. UPMC previously deployed Epic in its outpatient space, Pittsburgh Post Gazette reports.UPMC cites lowering operational costs, optimizing security, and improving patient engagement as reasons for the EHR replacement.Migration of all UPMC patient records to Epic’s EHR platform is expected
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Ibex Medical Analytics Raises $55M to Drive AI for Cancer Diagnosis Adoption Globally
What You Should Know:
– Ibex Medical Analytics (Ibex), a provider of AI-powered cancer diagnostics raises $55M in Series C financing round led by 83North.
- The round also included participation from Sienna Venture Capital and existing investors in the company, Octopus Ventures, aMoon, Planven Entrepreneur Ventures and Dell Technologies Capital. The financing brings total funding to over $100M since Ibex’s inception in 2016.
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Concord Health Invests in NeuroFlow’s Behavioral Health SaaS Platform
What You Should Know:
- Concord Health Partners, a healthcare-focused investment firm, announced their investment in NeuroFlow, the market-leading behavioral health SaaS platform.
- NeuroFlow's platform combines AI-driven analytics, care collaboration enablement, and enterprise consumer-grade activation to reduce the risks of identifying, managing, and monitoring complex behavioral health and substance use populations.
- Concord's investment will provide NeuroFlow with capital to
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TeleVox Acquires Odeza Patient Engagement Business from Ensemble Health Partners
What You Should Know:
- TeleVox announced it has acquired the Odeza patient engagement business from Ensemble Health Partners (Ensemble), a revenue cycle management company for hospitals, health systems and physician practices. Financial terms of the acquisition were not disclosed.
- The acquisition will make TeleVox’s technology available to Ensemble’s customers, offering healthcare providers a comprehensive solution from patient acquisition to discharge and beyond.
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M&A: Accenture Acquires UK Digital Health Firm Nautilus
What You Should Know:
- Accenture announced it has acquired Nautilus Consulting, a digital healthcare consultant firm in the U.K. that specializes in Electronic Patient Record (EPR) solutions. Financial terms of the acquisition were not disclosed.
- The acquisition will enhance Accenture’s digital transformation, implementation, and optimization capabilities across the U.K. and global healthcare space. As part of the acquisition, Nautilus will join Accenture’s Health Strategy
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Walgreens CEO Rosalind Brewer Steps Down, Interim CEO Appointed
What You Should Know:
- Walgreens Boots Alliance (WBA) CEO Rosalind Brewer is stepping down as CEO and a member of the board after only two years, as of August 31, 2023. Roz Brewer served as Chief Executive Officer of WBA since March 2021.
- The Board of Directors has appointed Ginger Graham, current Lead Independent Director of WBA, as the Company’s interim CEO. Ms. Brewer has agreed to continue to advise WBA while the Company conducts a search for a permanent CEO.
Rosalind Brewer
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Better Life Partners Raises $26.5M to Expand Virtual SUD Platform
What You Should Know:
- Better Life Partners, a virtual and in-person, community-embedded, whole-health solution for individuals and populations with substance use disorders (SUD) raises $26.5M in Series B funding round.
- The round is co-led by aMoon and existing investor F-Prime Capital with participation from existing investor, .406 Ventures. Better Life Partners has raised $38M to date.
- Better Life Partners plans to use the new capital to further develop and scale its effective,
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Biofourmis’ Founder Steps Down As CEO, Amidst Company Layoffs
What You Should Know:
- Biofourmis founder and CEO Kuldeep Singh Rajput has quietly resigned as CEO, according to the company’s spokesperson. The company has appointed private equity investor General Altantic's Ben Wanamaker as interim CEO.
- Rajput’s abrupt exit comes after the Boston-based virtual care and digital medicine company laid off 120 employees.
- Founded in 2015, Biofourmis discovers, develops, and delivers clinically validated software-based therapeutics to provide better
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