What You Should Know: Today, Intelerad Medical Systems, a provider of medical image management solutions, announced its acquisition of Insignia Medical Systems, a leading UK-based enterprise imaging provider. The deal signals an important step in expanding next-generation imaging solutions and resources to help modernize hospital trusts across the UK and marks the company’s fifth acquisition in the past year. Notably, the UK healthcare system is facing an aging and growing population,
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Fred Pennic
Fred Pennic is the Founder and Editor-in-Chief of HIT Consultant. Fred is a seasoned health IT strategist with fourteen years of experience in providing advisory services to executive leadership at hospitals and health systems. Some of his previous clients include Mayo Clinic, Stanford Hospital and Health Clinics, Northwell Health, Trinity Health.
TransUnion Explores Sale of TransUnion Healthcare, Sources Say
What You Should Know: - Credit reporting agency TransUnion is currently evaluating the sale of its revenue cycle management subsidiary, TransUnion Healthcare, PE Hub first reports. - Sources report TransUnion Healthcare at an initial valuation of $1.9B to $2.2B with approximately $100M of earnings before interest, taxes, depreciation, and amortization (EBITDA). - TransUnion Healthcare makes mutual trust possible between patients, providers, and payers by helping them navigate payment
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Invitae Acquires Ciitizen for $325M to Strengthen its Patient-Consented Health Data Platform
What You Should Know: - Medical genetics company Invitae today announced its $325M acquisition of Ciitizen, a patient-centric consumer health tech company that offers a global platform to help patients collect, organize, store and share their medical records digitally. - Ciitizen is a patient-centric consumer health technology platform that enables patients to collect, store and share their medical records in a single location. Ciitizen developed proprietary machine learning and AI
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Stryker Acquires Med Device Company Gauss Surgical
What You Should Know: - Stryker today announced the acquisition of Gauss Surgical, a Menlo Park, CA-based medical device company that has developed Triton™, an artificial intelligence-enabled platform for real-time monitoring of blood loss during surgery. Financial details of the acquisition were not disclosed. - Triton combines the power of A.I. with the simplicity of a mobile device to deliver accurate blood loss during surgery. Triton has demonstrated improvements in maternal and
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Solv Raises $45M to Expand Same-Day Appts & Virtual Care Options Nationwide
What You Should Know: - Solv (Solv Health), a San Francisco, CA-based national network of healthcare providers making same-day and next-day healthcare accessible to anyone, announced it has raised $45M in Series C funding led by Acrew Capital and Corner Ventures. The Series C round also included participation from prior investors Greylock Partners and Benchmark Capital. - The funding will support Solv's expansion of its national network of healthcare providers, consumer-driven
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Brightline Expands Virtual Behavioral Health Support For Kids, Teens, and Families Nationwide
What You Should Know: - Brightline, a Palo Alto, CA-based provider of virtual behavioral health care for children and families, announced nationwide expansion of its first-of-its kind behavioral health coaching programs and digital platform, called Brightline Connect, to support families across the country. - Brightline initially launched behavioral health coaching for children, teenagers, and parents and caregivers in spring 2021 to bring families tangible support — especially in the
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H1 Launches Solution to Build More Inclusive, Successful Clinical Trials
What You Should Know: - H1, which provides the largest global healthcare platform connecting the healthcare ecosystem, announced today that it has launched H1 Trial Landscape, the first solution that not only helps pharma and life sciences companies determine the required clinical experience levels for their clinical trials, but also enables them to find the best patient segments to improve inclusivity, retention and recruitment for successful trials. - Studies have shown that more than
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Provation Acquires endoPRO Software Portfolio from PENTAX Medical
What You Should Know: - Provation, a SaaS provider of procedure documentation and clinical decision support solutions, backed by Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”), today announced its acquisition of the endoPRO® endoscopy informatics and software portfolio from PENTAX Medical. Terms of the carve-out transaction were not disclosed. - The Provation-acquired endoPRO portfolio of software solutions includes endoPRO iQ® endoscopy procedure
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Ellipsis Health Secures $26M to Power AI-Powered Voice Biomarker for Mental Health
What You Should Know: - Ellipsis Health, a San Francisco-based pioneer of the first voice vital sign to quantify and manage depression and anxiety at scale has raised $26M in Series A funding led by SJF Ventures with participation from several investors. The Series A investment round brings Ellipsis Health’s total funding to $31 million. - Founded in 2017, Ellipsis Health has pioneered an artificial intelligence-powered, speech-based vital sign to quantify and manage depression and anxiety
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Appriss/Patient Ping Rebrands as Bamboo Health for Whole-Person Care Coordination
What You Should Know: Today, Appriss Health announced its new company name—Bamboo Health—following the acquisition of PatientPing earlier this year. The new name is representative of their newly merged company’s approach to whole-person care coordination. Bamboo is a symbol of strength, flexibility, and health. Bamboo Health supports more than 2,500 hospitals, 37 payers, 7,800 post-acute facilities, 25,000 pharmacies, and 45 state governments. Bamboo Health's care collaboration network
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