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Fred Pennic, Editor-in Chief | HIT Consultant

Fred Pennic is the Founder and Editor-in-Chief of HIT Consultant.

Premise Health Acquires Sonic Boom to Expand Digital Engagement & Wellness Capabilities

by Fred Pennic 02/02/2021 Leave a Comment

Premise Health Acquires Sonic Boom to Expand Digital Engagement & Wellness Capabilities

What You Should Know: - As healthcare access continues evolving due to the pandemic, Premise Health, the world’s largest direct health care provider, today announced an acquisition of Sonic Boom Wellness, a leading provider of corporate wellness technology. - In the last year, Premise Health has emerged as a leader in digital wellness, delivering nearly 20 products virtually through its innovative Digital Wellness Center. The addition of Sonic Boom allows Premise Health — which
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Volpara Acquires Breast Cancer Risk Assessment Platform CRA Health for $18M

by Fred Pennic 02/02/2021 Leave a Comment

Volpara Acquires Breast Cancer Risk Assessment Platform CRA Health for $18M

What You Should Know: -  Volpara Health, an integrated breast care platform assisting in the delivery of personalized patient care has acquired breast cancer risk assessment platform CRA Health. - CRA Health, LLC, is a breast cancer risk assessment company spinoff from Massachusetts General Hospital — a Harvard Medical School teaching hospital. Today the company delivers more than two million assessments annually to women’s imaging clinics. - CRA software is cloud-based
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Google Cloud Launches Intelligent COVID-19 Vaccine Impact Solution with AI-Powered Forecasting, Sentiment Analysis

by Fred Pennic 02/01/2021 Leave a Comment

Google Cloud Launches Intelligent COVID-19 Vaccine Impact Solution with AI-Powered Forecasting, Sentiment Analysis

What You Should Know: - Google Cloud, today announced the launch of its Intelligent Vaccine Impact Solution, a set of core solutions to help regional and local governments deliver successful COVID-19 public health strategies, ranging from vaccine information and scheduling to distribution and analytics, to forecasting and modeling COVID-19 cases, and more. - The Intelligent Vaccine Impact solution includes forecasting and modeling COVID-19 cases to inform vaccine distribution, vaccine
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EarlySense Sells Contact-Free Monitoring IP to Hilrom for $30M

by Fred Pennic 02/01/2021 Leave a Comment

EarlySense Sells Contact-Free Monitoring IP to Hilron for $30M

What You Should Know: - Today, health AI/predictive analytics company EarlySense announced that it has sold its proprietary contact-free continuous monitoring technology intellectual property (IP) to Hillrom for a cash consideration of $30 million, potential payments based on the achievement of certain commercial milestones, and a portion of Hillrom’s equity investment in EarlySense. - As part of the agreement, EarlySense will receive licensing for
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Illumina, Sequoia Capital China Launches Genomics Incubator in China

by Fred Pennic 02/01/2021 Leave a Comment

Illumina, Sequoia Capital China Launches Genomics Incubator in China

What You Should Know: - Illumina and Sequoia Capital will collaborate to build an ecosystem for life science startup companies advancing breakthrough applications in genomics. - Sequoia Capital China Intelligent Healthcare Genomics Incubator, Powered by Illumina will leverage the expertise of Illumina for Startups in building genomics companies with the unparalleled track record of Illumina Accelerator in San Francisco Bay Area and Cambridge, UK. - Sequoia Capital China will dedicate to
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Sharecare Acquires AI-Enabled Digital Transformation Platform doc.ai

by Fred Pennic 01/28/2021 Leave a Comment

Sharecare Acquires AI-Enabled Digital Transformation Platform doc.ai

What You Should Know: - Sharecare acquires doc.ai to expand its engineering expertise, accelerate digital transformation of healthcare through innovative AI platform for an undisclosed sum. - Founded in 2016, the company licenses AI modules and creates products for a portfolio of clients, including payers, pharma and providers. - As part of the acquisition, Anthem will now become a strategic partner with Sharecare. Sharecare, the digital health company that helps people manage all
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GetWellNetwork Acquires Consumer Engagement Platform Docent Health

by Fred Pennic 01/28/2021 Leave a Comment

GetWellNetwork-Acquires-Docent-Health

What You Should Know: - GetWellNetwork is acquiring Docent Health, a digital health company. Docent provides a patient engagement platform used by healthcare organizations to coordinate personalized care at scale through AI-enabled communication technology. - The acquisition advances GetWellNetwork's mission to empower patients and families to be more active participants in their care, and extends important health programs for disadvantaged populations and those suffering health
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emids Acquires Healthcare Software Development Firm Macadamian

by Fred Pennic 01/28/2021 Leave a Comment

emids Acquires Canadian Design-Led Software Engineering Firm Macadamian

What You Should Know: - Healthcare IT company emids announced the acquisition of Canadian-based Macadamian, a global full-service healthcare software design and development consulting firm.   - The acquisition reflects emids’ response to accelerated investment in digital health and provides it with a competitive advantage as the addition of design capabilities allows it to support the entire continuum of customers’ digital transformation efforts. - A milestone in the company’s growth
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Lyra Health Raises $187M at $2.3B Valuation for Digital Mental Health Platform

by Fred Pennic 01/28/2021 Leave a Comment

Lyra Raises Massive $187M at $2.3B Valuation for Digital Mental Health Platform

What You Should Know: - Lyra Health just announced another massive funding round of $187M, bringing its total to approximately $462 million and the valuation to approximately $2.3 billion. - The company, which previously raised a series D round in August of $110M at a valuation slightly above $1 billion has now more than doubled in value. - Lyra Health also announced a new partnership with global benefits company ICAS, which now allows it to provide some level of mental health parity to
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DarioHealth Acquires Musculoskeletal Solution Upright for $31M

by Fred Pennic 01/27/2021 Leave a Comment

DarioHealth Acquires Musculoskeletal Solution Upright for $31M

What You Should Know: - DarioHealth, a Livongo competitor acquires musculoskeletal startup Upright for $31 million to expand their chronic condition management capabilities focused on driving behavior change rather than treating the acute problem. This move will more than double revenue and create one of the largest integrated digital health companies in the space. In addition, DarioHealth rasiess $70 million through a private placement of its common stock priced at the market pursuant to
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