What You Should Know:
- Vericred, the data services platform powering digital quote-to-card experiences in health insurance and benefits, announced $23M in Series B funding led by Aquiline Technology Growth with participation from new investors Echo Health Ventures, MassMutual Ventures, Guardian Strategic Ventures, and existing investors Riverside Acceleration Capital, FCA Venture Partners and First Health Capital Partners.
- The company plans to use the new capital to expand its teams in
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Olive Acquires Surgical Analytics Platform Empiric Health – M&A
What You Should Know:
- Olive AI, the company delivering innovation to healthcare through artificial intelligence (AI), today announced the acquisition of Empiric Health, an AI-powered clinical analytics company that focuses on identifying unwarranted clinical variation, improving patient outcomes and increasing the affordability of surgery.
- Empiric's technology was initially developed at Intermountain Healthcare. In 2017, Intermountain Ventures spun out the Empiric technology and
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Q1 2021 Health IT/Digital Health PC/VE, M&A, IPOs/ SPACs Activity
The first quarter of 2021 has been one of investor optimism as the vaccine rollout continues ahead of expectations and economic activity begins to accelerate in response. Within the Health IT industry, the already strong investment and M&A trends seen in 2020 have only accelerated. Over the course of the quarter, we observed $7 billion in private equity and venture capital investment across 158 companies.
By comparison, Q1 of 2020 saw $3.2 billion and 127 investments. Health IT
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M&A: Microsoft Acquires Nuance for $20B to Accelerate Healthcare Cloud Strategy
What You Should Know:
- Today, Microsoft Corporation (Nasdaq: MSFT) and Nuance Communications, Inc. (Nasdaq: NUAN) announced they have entered into a definitive agreement under which Microsoft will acquire Nuance for $16B. Financial terms of the all-cash deal details Microsoft paying $56 per Nuance share, a 23% premium over Friday’s closing price with a total value including debt at $19.7 billion.
- Microsoft’s acquisition
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AWS Launches Next Phase of Diagnostic Development Initiative
What You Should Know:
- Today, Amazon Web Services (AWS) launched the next phase of Diagnostic Development Initiative and expanded funding scope.
- In the first phase of the initiative, AWS has supported 87 organizations to date through this effort ranging from startups, nonprofits, research institutions, and businesses in 17 countries and awarded $8 million in computing credits and customized expertise from AWS Solutions
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Philips, Ibex Medical Analytics Partner on AI-Powered Digital Pathology Adoption
What You Should Know:
- Philips and Ibex Medical Analytics announced a strategic partnership to globally commercialize clinically proven, AI-powered digital pathology solutions. The collaboration further cements Philips’ commitment to integrated diagnostics providing a clear path to precision diagnosis.
- The trend towards centralized pathology labs, the global shortage of trained pathologists, and increasing demands on histopathology posed by the growing number of cancer
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Carta Healthcare Raises $17.3M for AI-Assisted Data Abstraction
What You Should Know:
- Carta Healthcare, a provider of AI-powered clinical data abstraction technology and services, is pleased to announce a recent $17.3M Series A investment led by Storm Ventures. AI Digital Innovation Fund (affiliated with Mass General Brigham), CU Health Innovation Fund (affiliated with University of Colorado Anschutz Medical Campus), Asset Management Ventures, Maverick Ventures, Healthy Ventures, Waterline Ventures, Seven Peaks Ventures, Katalyst Ventures, and Atypical
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Kaiser Names Diane Come New Chief Technology Officer
What You Should Know:
- Kaiser Permanente announced today that Diane Comer has been named the new chief information technology officer.
- In this role, she will lead Kaiser Permanente’s focus on developing and delivering innovative, strategic initiatives that improve the employee and consumer experience, and on continuing the organization’s efforts to deliver advanced, digitally-enabled tools to transform health care.
- Comer, who has served as interim chief information officer since
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Firefly Health Raises $40M to Expand Virtual Primary Care Platform
What You Should Know:
- Firefly Health, a virtual-first healthcare company with a mission of delivering half-priced healthcare that’s twice as good, has announced that it has recently closed $40M in Series B financing, led by Andreesen Horowitz (a16z). a16z General Partner Julie Yoo will also join the Firefly Health board.
- Led by former athenahealth CEO Jonathan Bush, Firefly cracks the primary care code through supreme convenience, proactive support, and intelligent navigation. Every
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MEDITECH, WELL Health Partner to Enhance Digital Patient Engagement
What You Should Know:
- MEDITECH recently announced Expanse Patient Connect, powered by WELL Health, a contemporary, mobile solution enabling bidirectional, communication between healthcare organizations and their patients. Available through the MEDITECH Cloud Platform, the solution leverages WELL Health’s automated patient interaction functionality to improve provider efficiency and keep patients and their families connected to their care in the most convenient way
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