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Fred Pennic, Editor-in Chief | HIT Consultant

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

M&A: CompuGroup Medical Acquires eMDs for $240M

by Fred Pennic 11/25/2020 Leave a Comment

M&A: CompuGroup Medical Acquires eMDs for $240M

What You Should Know: - CompuGroup Medical (CGM) acquires eMDs, Inc. (eMDs), a leading provider of healthcare IT with a focus on doctors' practices in the US, reaching an attractive size in the biggest healthcare market worldwide. - CGM is building an attractive platform for future growth through complementary product portfolios and the ability to provide comprehensive solutions for doctors' practices. CompuGroup Holding USA, Inc., a 100 % subsidiary of CompuGroup Medical SE
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GE Healthcare Unveils First X-Ray AI Algorithm to Assess ETT Placement for COVID-19 Patients

by Fred Pennic 11/24/2020 Leave a Comment

Why GE Healthcare Won’t Sell its Health IT Business

What You Should Know: - GE Healthcare announced a new artificial intelligence (AI) algorithm to help clinicians assess Endotracheal Tube (ETT) placements, a necessary and important step when ventilating critically ill COVID-19 patients. - The AI solution is one of five included in GE Healthcare’s Critical Care Suite 2.0, an industry-first collection of AI algorithms embedded on a mobile x-ray device for automated measurements, case prioritization, and quality control. GE Healthcare
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UCB Taps Medisafe to Develop Branded Digital Drug Companions for Antiepileptic Medications

by Fred Pennic 11/24/2020 Leave a Comment

UCB Taps Medisafe to Develop Branded Digital Drug Companions for Antiepileptic Medications

What You Should Know: - UCB has selected Medisafe to develop branded digital drug companions for antiepileptic medications, marking the company’s official entry into the digital therapeutics space. - The initial collaboration will primarily be focused on their antiepileptic medications, but they are exploring its use for additional brands.  Medisafe, a leading digital therapeutics company specializing in digital companions, has been selected by UCB to develop branded digital
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DarioHealth Selected as Digital Chronic Care Solution by Self Insured, Fortune 500 Company

by Fred Pennic 11/24/2020 Leave a Comment

DarioHealth Launches Digital Diabetes Program on Walmart.com

What You Should Know: - DarioHealth Corp., a pioneer in the global digital therapeutics market, announced today that it has signed a contract to provide its digital therapeutics solution to eligible employees of a U.S.-based Fortune 500 technology company. - Dario's top-rated digital diabetes tools and coaching will be available to eligible employees and their dependents starting January 1, 2021 - Dario helps manage and improve the health of people living with chronic conditions such
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SPAC Merges with 2 Telehealth Companies to Form Public Digital Health Company in $1.35B Deal

by Fred Pennic 11/23/2020 Leave a Comment

SPAC Mergers with 2 Telehealth Companies to Form Public Digital Health Company in $1.35B Deal

What You Should Know: - GigCapital2 Inc has agreed to merge with UpHealth Holdings Inc and Cloudbreak Health LLC to create a public digital healthcare company valued at $1.35 billion, including debt, the blankcheck acquisition company said on Monday. - The combined company will be named UpHealth, Inc. and will continue to be listed on the NYSE under the new ticker symbol “UPH”. Blank check acquisition company GigCapital2 agreed to merge with Cloudbreak Health, LLC, a unified
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Signify Health Acquires Healthcare Payment Blockchain Company PatientBlox

by Fred Pennic 11/23/2020 Leave a Comment

Signify Health Acquires Healthcare Payment Blockchain Company PatientBlox

Signify Health, a leading provider of technology-enabled healthcare solutions designed to keep people healthy and happy at home has acquired PatientBlox, an Atlanta-based technology company with deep expertise in applying distributed ledger technology in healthcare. The acquisition accelerates Signify's prospective provider payment capabilities for episodes of care, supporting the company's commitment to advance value-based care through novel payment and risk arrangements. Financial details of
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GE Healthcare Acquires Swedish Photon Counting CT Startup Prismatic Sensors AB

by Fred Pennic 11/20/2020 Leave a Comment

GE Healthcare Acquires Swedish Photon Counting CT Startup Sensors AB

What You Should Know: - GE Healthcare acquires Swedish startup Sensors AB, specializing in photon counting detectors for an undisclosed amount. - The acquisition underscores the company’s continued investment and dedication in photon-counting CT technology (PCCT) - PCCT is anticipated to further expand the clinical capabilities of traditional CT technology GE Healthcare today announced its acquisition of Prismatic Sensors AB, a Swedish-based startup specializing in photon
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Medable Raises $91M for Global Decentralized Clinical Trials Platform

by Fred Pennic 11/20/2020 Leave a Comment

Medable Raises $91M for Global Decentralized Clinical Trials Platform

What You Should Know: Medable announced $91 million in new funding to accelerate the life sciences industry’s shift to digital and decentralized clinical trials, bringing Medable’s total capital raised to more than $136M. - Medable has played a pivotal role in enabling clinical trials during the COVID-19 pandemic, facilitating the continuation of existing research via remote care as well as accelerating the development of vaccines and therapeutics for COVID-19. Medable,
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Spring Health Secures $76M to Modernize Employee Behavioral Health Benefits

by Fred Pennic 11/20/2020 Leave a Comment

Spring Health Secures $76M to Modernize Employee Behavioral Health Benefits

What You Should Know: - Spring Health raises $76M to help employers modernize their behavioral health benefits with the most comprehensive solution for employee mental well-being. - Spring Health provides a single front door to any type of care — from digital exercises to ancillary employee assistance program (EAP) services, to coaching, therapy, or medication — leading to faster outcomes, higher engagement, and healthier, happier employees. Spring Health, a leading provider of
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Microsoft Launches Dedicated HealthTech Startup Program in India

by Fred Pennic 11/19/2020 Leave a Comment

Microsoft Launches Dedicated HealthTech Startup Program in India

What You Should Know: - Microsoft launches a dedicated HealthTech Startup Program and partners with startup incubator Social Alpha to accelerate the growth of healthtech startups in India. - Selected startups into the program will benefit from focused healthcare industry teams, co-innovation and collaboration, and Microsoft AI for healthcare. Today, Microsoft has announced the launch of a dedicated healthtech startup program to drive healthcare innovation in India. India faces
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