What You Should Know:
Today, GE announced plans to form a tax-free spin-off of GE Healthcare, creating a pure-play company at the center of precision health in early 2023.
The announcement is part of GE plans to form three independent industry-leading, global, investment-grade public companies focused on the growth sectors of aviation, healthcare and energy.
GE is on track to reduce debt by more than $75 billion by the end of 2021 and is now on track to bring its net-debt-to-EBITDA*
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Sirona Medical Secures $40M for Cloud-Native Radiology Operating System
What You Should Know:
- Sirona Medical, a San Francisco, CA-based cloud software company for radiologists taking on legacy technology, announced $40 Million in Series B funding led by GreatPoint Ventures and joined by Rose Park Advisors and Avidity Partners, with additional participation from previous investors including 8VC and Global Founders Capital.
- Sirona Medical Inc. is addressing the needs of today’s radiology
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Caption Health, Ultromics Partner for AI-Powered Heart Disease Detection
What You Should Know:
- Caption Health and Oxford University spin-out Ultromics have teamed up to empower a broader set of healthcare providers and put heart disease detection and management tools in more hands. This is a second strategic partnership that Caption Health secured in the last three months to enable earlier disease detection and management with AI-based guidance and diagnostics.
- Together, the companies will offer the Caption AI™ software platform alongside Ultromics’ EchoGo®
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Philips Acquires Cardiologs to Expand Cardiac Diagnostics & Monitoring Portfolio
What You Should Know:
- Philips today announced that it has signed an agreement to acquire Paris-based Cardiologs, a France-based medical technology company focused on transforming cardiac diagnostics using artificial intelligence (AI) and cloud technology.
- Cardiologs will further strengthen Philips’ cardiac monitoring and diagnostics offering with innovative software technology, electrocardiogram (ECG) analysis and reporting services. Financial details of the acquisition were not
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Beacon Biosignals Secures $27M to Scale EEG Neurobiomarker Discovery Platform
What You Should Know:
- Beacon Biosignals, a neurotechnology company applying artificial intelligence to EEG (electroencephalography) to unlock precision medicine for any condition affecting the brain, has announced an oversubscribed $27M Series A financing led by General Catalyst and with participation from Casdin Capital. This capital brings Beacon Biosignals' total funding to date to $30M.
- Founded in 2019 by MD/PhDs and engineers from Harvard and MIT, Beacon's launch was propelled by
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Trustmark Health Benefits. Teladoc Launches Virtual-First Health Plan Services
What You Should Know:
- Trustmark Health Benefits, Inc. today announced the launch of their first virtual-first health plan design in partnership with Teladoc Health.
- Powered by Teladoc Health’s primary care service, Primary360, the virtual care offering is specifically designed to address persistent challenges in cost and access to high-quality healthcare for millions of consumers, especially those who do not have an
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Aver Raises $58M Led by Cox Enterprises, Rebrands as Enlace Health
What You Should Know:
- Aver, Inc., an end-to-end solution that solves the infrastructure challenges driving today’s unsustainable healthcare system announced a $58M investment led by Cox Enterprises and with participation from other existing investors to accelerate the scale and deployment of its new Enlace Health brand. The capital will be used to accelerate growth and represents the first of many financial and strategic moves planned that begin the seismic shift needed to improve
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Parkland Health Taps Current Health to Power its Hypertension Monitoring Program
What You Should Know:
- Parkland Health & Hospital System – one of the largest health systems in Dallas, Texas – has selected Current Health, the leading enterprise care-at-home platform, to support patients with hypertension from the comfort of their own homes.
- Through its new hypertension monitoring program, Parkland aims to mitigate this risk by providing regular monitoring, engagement, and education. Parkland will use Current Health to monitor patients’ blood pressure and other
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Accuhealth & 2bPrecise Joins Epic App Orchard Marketplace
What You Should Know:
- Accuhealth’s remote patient monitoring platform and 2bPrecise’s precision genetic/genomic data platform announced that it is available in the Epic App Orchard. The App Orchard program enables developers to integrate their healthcare IT solutions with the Epic electronic health record (EHR) using standards-based APIs.
- The 2bPrecise platform consumes genetic/genomic data from molecular labs and clinical information from EHRs. It synthesizes
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Senior Companion Platform Papa Raises $150M at $1.4B Valuation
What You Should Know:
- Senior companion and support platform Papa, today announced a $150M in Series D funding to extend the reach and scale of Papa’s innovative solution. With a valuation of $1.4B, this funding round, led by SoftBank Vision Fund 2 and with participation from TCG, Tiger Global Management, Canaan, Initialized Capital and Seven Seven Six, brings Papa’s total funding to $240 million.
- Since its 2017
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