What You Should Know:
Cadence, a New York City-based health IT company empowering care outside the four walls of the hospital announced its official launch with $41 million in funding and a foundational partnership with national healthcare company, LifePoint Health. The funding was led by General Catalyst and Thrive Capital.
- Cadence has built a breakthrough remote care management platform that will deliver better care to people managing chronic conditions at scale.
- As part of the
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Smile CDR Raises $20M to Expand FHIR-Driven Data Liberation Platform for Interoperability
What You Should Know:
- Smile CDR Inc. (Smile CDR), a Toronto-based health data storage and integration company, announced it has raised $20 million in Series A funding led by 30 North Group, a Seattle-based family office, and UPMC Enterprises.
- Founded in 2016, Smile CDR offers a suite of services that allow health systems, payers and hospitals to meet U.S. health information interoperability standards rapidly and securely. Smile CDR's data and integration platform includes a complete
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Cricket Health Secures $83.5M to Expand Value-Based Kidney Care Model to Health Plans
What You Should Know:
- Cricket Health, a San Francisco, CA-based provider of value-based kidney care with a clinically-proven approach to managing chronic kidney disease (CKD) and end-stage kidney disease (ESKD), today announced it has raised $83.5 million in Series B funding round led by Valtruis with a strategic investment from Blue Shield of California. The round also includes existing investors Oak HC/FT and Cigna Ventures, as well as K2 HealthVentures.
- This new funding will help
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Vera Whole Health Lands $50M from JP Morgan’s Morgan Health
What You Should Know:
- Today, Morgan Health, JPMorgan Chase’s business focused on improving employee healthcare, today announced a $50M investment in Vera Whole Health, a CD&R portfolio company that is leading the critical shift to value-based employer-provided healthcare across the United States.
- Vera is the only care model with the capability to deliver whole system health to a diverse patient population from a single care center. The Vera model is uniquely designed to help people
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Kroger Health Taps Lyft to Provide Americans with Access to Rides to COVID-19 Vaccine Appointments
What You Should Know:
- Kroger Health, the healthcare division of The Kroger Co. today announced their partnership with Lyft Healthcare, Inc., the healthcare subsidiary of rideshare company Lyft, Inc., to provide access to discounted rides to and from COVID-19 vaccine appointments.
- This partnership is part of Lyft's Vaccine Access Program and Kroger Health's continued efforts to vaccinate Americans, especially those with limited access to transportation.
How It Works
Individuals
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RV Health Acquires Healthgrades.com from Mercury Healthcare – M&A
What You Should Know:
- RV Health, a Red Ventures business, has acquired Healthgrades.com from Mercury Healthcare, the new brand for the separate enterprise-wide technology and data platform for health systems formerly known as Healthgrades, which will remain a separate business. Financial details of the acquisition were not disclosed.
- Healthgrades.com is the leading online marketplace to find and connect with the right doctor, the right hospital, and the right care. As part of the
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PE Firm WCAS Launches $300M Value-Based Care Portfolio Company, Valtruis
What You Should Know:
Welsh, Carson, Anderson & Stowe (“WCAS”), a leading private equity firm focused exclusively on the healthcare and technology industries, announced that it is launching Valtruis, a unique portfolio company that will invest in and partner with value-based care driven healthcare companies. WCAS is committing an initial $300M to this platform.
Founded on a commitment to accelerate meaningful change, Valtruis brings the functional expertise, access to capital and an
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Microsoft Cloud for Healthcare Launches Azure Healthcare APIs
What You Should Know:
- Microsoft Cloud for Healthcare announced it is expanding its portfolio of interoperability data services for the health and life sciences industry with Azure Healthcare APIs.
- Built for the requirements of Protected Health Information (PHI), Azure Healthcare APIs enable customers with a platform as a service (PaaS) to ingest, manage, and persist data in the Microsoft Cloud for Healthcare. Anyone working with health data can
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Connections Health Solutions Secures $30M to Expand Behavioral Health Crisis Services Model
What You Should Know:
- Connections Health Solutions, a Phoenix, AZ-based provider of immediate-access behavioral health crisis stabilization, has raised $30 million in a growth financing led by Heritage Group, a leading healthcare-focused private equity firm.
- The partnership will fuel national expansion of Connections Health Solutions’ leading behavioral health crisis services model.
Rising Demand for Behavioral Health Services
Demand for behavioral health services is on
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Air Methods Launches Drone Solution to Improve Healthcare Access & Minimize Supply Challenges
What You Should Know:
- Air Methods, the nation’s largest air medical provider, today announced the launch of Spright, a newly formed drone solution, designed to help improve healthcare access and minimize supply challenges. Collaborating with Wingcopter, an industry-leading German drone manufacturer, Spright will create a first-of-its-kind, drone-based, urgent healthcare resource delivery network across the United States.
- The network will be designed to quickly deliver emergent
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