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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HealthLinc Deploys Greenway Telehealth to Expand Virtual Care Offerings
What You Should Know:
- Greenway Health, a leading health information technology services provider, announced an expanded partnership with HealthLinc, a nonprofit organization dedicated to improving health care for the residents of northern Indiana.
- A Greenway client for more than 10 years, the center will be leveraging Greenway Telehealth, the first tool in the company’s virtual care portfolio, to remove care delivery barriers, enabling greater provider productivity and improved patient
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Amwell Acquires Conversa Health & SilverCloud Health for $320M– M&A
What You Should Know:
- Amwell®, a telehealth leader, today announced that it has signed definitive agreements to acquire SilverCloud Health, a leading digital mental health platform, and Conversa Health, a leader in automated virtual healthcare.
- The deals have a combined aggregate purchase price of $320 million, and the acquisitions will allow Amwell to accelerate its work to redefine the practice of medicine and always-on healthcare companionship.
- By adding the technology of
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SonderMind Raises $150M to Expand Tech-Enabled Behavioral Health Platform
What You Should Know:
- SonderMind Inc., a Denver, CO-based provider in improving mental health clinical outcomes and making behavioral health more accessible to all Americans, today announced it has raised $150M in Series C financing co-led by new investors Drive Capital and Premji Invest, with participation from General Catalyst, Partners Group, Smash Ventures, Kickstart, and F-Prime Capital.
- For mental health providers, SonderMind enables clinicians to
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Connie Health Nabs $13M for Tech-Enabled Medicare Navigation Platform
What You Should Know:
- Connie Health, a Boston, MA-based tech-enabled consumer Medicare navigation platform helping Americans make more informed health and financial choices has raised $13M in Series A round funding led by Khosla Ventures and Pittango Healthtech.
Unlike employment-based health insurance, where people have two or three options, seniors face hundreds of Medicare choices which are delivered at the individual County
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Nym Health Raises $25M to Expand Automated Medical Coding Platform
- Today, Nym Health, a leader in explainable AI and automated medical coding, announced an additional $25M in funding, led by Addition brings the company’s total funding to $47.5M. Addition joins existing investors GV, Dynamic Loop Capital, Tiger Global, Bessemer Venture Partners, and Lightspeed, as well as angel investors Zach Weinberg and Nat Turner.
- The new investment will be used to scale product development and accelerate the rapid adoption of Nym's automated medical coding
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M&A: Komodo Health Acquires Breakaway Partners to Improve Patient Access
What You Should Know:
- Today, Komodo Health announces the acquisition of Breakaway Partners to improve patient access to effective therapies. The acquisition brings together Komodo’s Healthcare Map and software suite with Breakaway Partners’ industry-leading formulary data, policy criteria, and analytics software to create the industry’s first prescription drug access business solution based on a comprehensive, real-time view of real-world outcomes and
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