What You Should Know:
- BenchSci, a Canadian-based tech company and leader in AI solutions for drug discovery recently launches a Google-backed 'map' of biology research platform, ASCEND™ by BenchSci, to understand the underlying biology.
- The patented machine learning platform reads millions of published and previously hidden experiment external and internal data sources to create a map that allows scientists to more quickly (50% more) and accurately understand the biological
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Hexagon Bio Raises $77.3M to Expand Mining Microbial Genomes
What You Should Know:
Hexagon Bio, a biopharmaceutical company pioneering the discovery of medicines encoded in the global metagenome raises $77.3M in Series B financing and made key appointments to its leadership team. The round includes participation from existing investors, including The Column Group, Two Sigma Ventures, 8VC, and Nextech, participated in the Series B round, joined by additional new investors, including Canada Pension Plan Investment Board (CPP Investments).
- Hexagon’s
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Luna to Deliver In-Home Physical Therapy for AARP Members
What You Should Know:
- Luna, a provider of in-home physical therapy, announced that it has been chosen as the exclusive provider of in-home physical therapy for AARP members.
- Based on specialty, geography, schedule, and other factors, Luna will match AARP members with local therapists at the time and location of their choosing. For consistency of care, the same therapist will treat AARP members for the entirety of the treatment plan. Additionally, AARP members and therapists
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Wellstar Expands Enterprise Virtual Reality Training with Moth+Flame
What You Should Know:
- Wellstar Health System extends its partnership with Moth+Flame to further utilize its virtual reality (VR) training technology.
- The VR emotional intelligence training encourages Wellstar's employees to build composure and gain practical experience in a highly realistic scenario by navigating difficult conversations and testing resiliency in an emotionally charged environment.
- The experience helps Wellstar's workforce development
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GE HealthCare to Acquire Caption Health to Expand AI-Guided Ultrasounds
What You Should Know:
- GE HealthCare acquires Caption Health, Inc., a privately owned artificial intelligence (AI) healthcare leader that creates clinical applications to aid in early disease detection, using AI to assist in conducting ultrasound scans.
- The acquisition supports GE HealthCare’s $3B Ultrasound business by adding AI-enabled image guidance to ultrasound device portfolios. In addition, it aligns with strategy to deliver precision care and expands access to new ultrasound
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Epic, Impact Advisors, Nordic, Chartis Named 2023 Overall Best in KLAS® Awards
What You Should Know:
Epic, Nordic, Impact Advisors and The Chartis Group won the 2023 Overall Best in KLAS® awards. Epic was named the top Overall Software Suite for the thirteenth straight year in 2023 Best in KLAS – Software & Services report, released, which reports on the top vendors for 2022. Epic was also named the top Overall Physician Practice Vendor. Epic won thirteen other Best in KLAS awards in various market segments.
- Impact Advisors tied with Nordic to be a
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U.S. Air Force and SimX Expands VR Medical Training Partnership
What You Should Know:
- SimX and the U. S. Air Force are announcing a $1.7M expansion of its ongoing effort to advance the future of medical simulation training using virtual reality (VR) technology.
- This effort, housed within the Virtual Advancement of Learning for Operational Readiness (VALOR) program at SimX, aims to enhance the usability and medical capability of virtual simulation training, with a focus on prehospital combat casualty care delivered by the Air Force's elite special
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CVS Health Acquires Oak Street Health for $10.6B in Cash – M&A
What You Should Know:
- CVS Health acquires Oak Street Health in an all-cash deal of $39 per share in cash, representing an enterprise value of approximately $10.6 billion. Bringing CVS Health and Oak Street Health together can significantly benefit patients’ long-term health by reducing care costs and improving outcomes – particularly for those in underserved communities.
- Oak Street Health CEO Mike Pykosz will continue to lead Oak Street Health, which will become part of CVS
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Faro Health Secures $20M to Streamline Smart Clinical Trials
What You Should Know:
- Faro Health, a cloud-computing company that is developing digital infrastructure for smart clinical trials raises $20M in Series A funding led by General Catalyst to help scale the digital transformation of clinical trials––essentially making it easier and quicker for drug developers to greatly reduce the cost and time of trials.
- The round also included participation from previous investors Section 32, Polaris Partners, Zetta Ventures, and Northpond Ventures.
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Memora Health & Virtua Health Partner to Streamline Patient Experience
What You Should Know:
- Memora Health, an intelligent platform for virtual care delivery and complex care management partners with Virtua Health, the largest health system in South Jersey, to streamline care delivery and improve the patient experience.
- The partnership will leverage Memora’s clinical intelligence platform across specialties to automate clinicians’ routine care tasks and streamline care management operations with the goal of removing unnecessary barriers and making it
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