What You Should Know:
- Eleos Health, a behavioral health tech company and Ontrak Health (NASDAQ: OTRK), a healthcare company are teaming up to integrate their respective AI platforms to support behavioral health care for Ontrak’s members.- Ontrak specializes in serving the most vulnerable members of the behavioral health population who would otherwise fall through the cracks of the healthcare system. Eleos integration equips Ontrak’s behavioral health providers with greater insights into
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Bicycle Health Secures $50M for Virtual Opioid Use Disorder Treatment
What You Should Know:
Bicycle Health, a Boston, MA-based provider of virtual opioid addiction treatment raises $50M in Series B funding led by InterAlpen Partners, bringing the company’s total funds raised to $83 million. Other participants in the round include existing investors Questa Capital, Frist Cressey Ventures, and City Light Capital.
Evidence-based, online suboxone treatment for opioid addiction
Founded in 2017, Bicycle Health provides confidential, convenient and
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M&A: Bain Capital Acquires Majority Stake in LeanTaaS
What You Should Know:
- Private equity firm Bain Capital has acquired a majority stake in the company in LeanTaaS, a leading provider of cloud software solutions for optimizing hospital operations and capacity management that will enable LeanTaaS to accelerate its rapid growth trajectory.
- LeanTaaS’ cloud-based iQueue solutions help hospitals transform their approach to care delivery and improve capital and scarce resource decision-making by optimizing the utilization of
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Insilico Medicine Raises $60M, Launches AI-powered Drug Discovery Robotics Laboratory
What You Should Know:
- Insilico Medicine, an NYC-based clinical-stage end-to-end artificial intelligence (AI)-driven drug discovery company raises $60 million in Series D financing from a syndicate of global investors with expertise in investing in the biopharmaceutical and life sciences sectors.
- Insilico is also launching a new state-of-the-art robotics lab and fully robotic biological data factory. They have seen a string of successes thus far in 2022, including the
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Scaling-Up Inclusive Healthcare Initiatives in Low- and Middle-Income Countries
Non-communicable diseases (NCDs) are on the rise in low- and middle-income countries (LMICs), increasing the financial and health burden affecting these vulnerable populations. To reverse this trend will require not only resources, but also new business models for LMICs that can overcome the barriers patients face to receiving care, such as unaffordable, unavailable, or inaccessible healthcare services and treatments, and limited awareness of disease and preventative care.
Over the past
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Take Command Acquires Technology from Savvy to Expand Benefits Platform
What You Should Know:
- Take Command, a tech-enabled service that offers HRA administration, has acquired innovative HRA intellectual property assets from Savvy, a San Francisco-based, VC-backed healthcare company founded in 2019. Financial terms of the deal were not disclosed.
- The acquisition signifies the market growth of Individual Coverage HRAs (ICHRAs, a new model of reimbursing employees for health insurance rather than buying it for them).
What's an ICHRA?
The
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CareMax Acquires Steward Health’s Medicare Value-Based Care Business for $25M
What You Should Know:
- CareMax, a tech-enabled provider of value-based care to seniors announced an agreement to acquire the Medicare value-based care business of Steward Health Care System for a combination of cash and stock.
- CareMax will pay $25 million in cash and issue 23.5 million shares of CareMax’s Class A common stock to the equity holders of Steward at closing, subject to customary adjustments. In addition, CareMax will fund a Medicare receivable to Steward covering accounts
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C2i Genomics, Karkinos Healthcare Partner to Bring AI-Powered Cancer R&D to India
What You Should Know:
- C2i Genomics, a cancer intelligence company, announced a strategic partnership with Karkinos Healthcare to develop the first whole-genome sequencing (WGS) MRD test that will further R&D efforts in India.
- This partnership will improve diagnostic labs in India by providing them with the ability to validate and monitor the quality of whole-genome cancer screening and minimal residual disease (MRD) products faster.
AI-Powered Cancer Detection and Monitoring
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Oracle Receives Antitrust Approval for $28.3B Cerner Acquisition
What You Should Know:
- Today, Oracle announced that all required antitrust approvals have been obtained for its proposed $28.3B ($95 per share) acquisition of Cerner, including European Commission clearance.
- Oracle expects to complete the tender offer promptly following the expiration of that offer at midnight Eastern time on June 6, 2022. Completion of the tender offer remains subject to the conditions described in the tender offer statement on Schedule TO filed by Oracle with the U.S.
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Hint Health Raises $45M To Expand Direct Primary Care (DPC) Network
What You Should Know:
- Hint Health, a direct primary care (DPC) provider raises $45M led by Banneker Partners and Frist Cressey Ventures.
- The investment will support the growth of Hint’s operating system technology for core customers and an expansion of its national DPC network, Hint Connect. Hint Health will also use the investment to increase services that support innovative virtual-first care models and near-site / on-site clinics that directly contract with
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