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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Cardinal Health Leverages Blockchain to Streamline Pharmaceutical Supply Chain
What You Should Know:
- Cardinal Health and Chronicled announced a partnership to leverage a new blockchain-powered solution on the MediLedger Network to streamline operations across the pharmaceutical supply chain and enable a reliable, frictionless experience for pharmacies across the country. The new blockchain solution will allow Cardinal Health to optimize the complex process of pharmaceutical chargebacks and create greater connectivity for its suppliers and
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Tight Hospital Margins Continue Amid COVID-19 Concerns
What You Should Know:
- U.S. hospitals and health systems continued to experience tight margins in June, as rising expenses offset revenue and volume improvements—amid concern about the impact of the COVID-19 Delta variant—according to the latest issue of Kaufman Hall’s National Hospital Flash Report.
- The National Hospital Flash Report draws on data from more than 900 hospitals. Data from the report comes from Axiom’s Comparative Analytics from Syntellis
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Eko Appoints Renee Gaeta as Chief Financial Officer
What You Should Know:
- Eko, a cardiopulmonary digital health company, today announced the appointment of Renee Gaeta as Chief Financial Officer (CFO) and member of the executive leadership team. In her new role, Mrs. Gaeta will execute on the Eko’s priorities, accelerate growth and enhance value.
- Prior to joining Eko, Mrs. Gaeta previously served as CFO and member of the executive team at Establishment Labs Holdings, Inc. (NASDAQ: ESTA), where she played a key role in the company’s
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WellSky Acquires Healthify to Enhance Social Determinants of Health
What You Should Know:
- Seamless coordination between providers, community-based organizations, and payers is the key to delivering value-based care at scale. To better connect providers, identify social determinants of health, search for social services, and coordinate care with community partners, WellSky has acquired Healthify. Financial details of the acquisition were not disclosed.
- Together, WellSky and Healthify will connect
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Biofourmis Earns FDA Breakthrough Device Designation for Digital Therapeutic for Heart Failure
What You Should Know:
- Biofourmis, a Boston-based global leader in virtual care and digital therapeutics, announced its BiovitalsHF® solution is the first-ever heart failure digital therapeutic to receive a Breakthrough Device designation from the U.S. Food and Drug Administration (FDA).
- The Breakthrough Devices Program was created to provide patients and providers with timely access to medical devices (in this case, software as a medical device, or SaMD) by speeding up their
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Medtronic Awarded FDA Clearance for 2 AI Algorithms for Cardiac Monitoring
What You Should Know:
- Medtronic announced U.S. Food and Drug Administration (FDA) clearance for two AccuRhythm™ AI algorithms for use with the LINQ II™ insertable cardiac monitor (ICM) – and the presentation of AccuRhythm AI validation data this week at Heart Rhythm 2021.
- AccuRhythm AI applies artificial intelligence (AI) to heart rhythm event data collected by LINQ II, improving the accuracy of information physicians receive so they can better diagnose and treat abnormal heart
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Exo Raises $220M to Commercialize Handheld, Point-of-Care Ultrasound Device
What You Should Know:
- Exo (pronounced “echo”), a pioneering health information and devices company, announced it has raised $220M in Series C investment round led by RA Capital Management and joined by BlackRock, Sands Capital, Avidity Partners and Pura Vida Investments.
- The funding will fund the commercialization of its patented handheld medical device and its intuitive point-of-care ultrasound workflow solution, Exo Works. This brings Exo’s total funding to more than $320M.
Exo
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Health Tech VC Firm Nina Capital Launches $47.4M Second Fund, Closes 5 Investments
What You Should Know:
- Nina Capital, a health tech venture capital (VC) firm, announced its last five investments of its first fund and the launch of its second fund, Nina Capital Fund II FCRE, with an investment goal of EUR 40 ($47.4M).
- Nina Capital was founded in 2019 with its inaugural fund, Nina Capital Fund I FCRE, which reached its maximum size of EUR 18 million (USD 21.3 million). In less than two years, Nina Capital has created an international portfolio of 23 companies in the
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