What You Should Know:
- Today EverCommerce Inc., a service commerce platform, announced that it has entered into a definitive agreement to acquire DrChrono Inc., a Sunnyvale, CA-based SaaS practice management and EHR platform for modern medical practices.
- DrChrono offers an all-in-one, cloud-based practice management, EHR, and billing solution to make healthcare more informed, more interactive, and more personalized. Financial details of the acquisition were not
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LightForce Orthodontics Secures $50M for Customized, 3D Printed Orthodontic Solutions
What You Should Know:
- LightForce Orthodontics, makers of the world’s only fully customizable 3D printed braces system, today announced that the company raised a $50 million Series C round led by Kleiner Perkins. Previous LightForce investors also participated in this round, including Matrix Partners, Tyche Partners, and AM Ventures.
- The new funds will allow LightForce to offer training and education to orthodontists so that they are maximizing the technology for their patients while
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Medsphere Gets $50M Credit Facility to Power Health Platform Strategy
What You Should Know:
- Medsphere Systems Corporation, a provider of affordable and interoperable healthcare IT platform solutions, today announced that Wells Fargo has extended a $50 million credit facility that will enable Medsphere to continue its current growth trajectory.
- Medsphere is continuing to develop a comprehensive health platform that incorporates existing technology platforms and service lines
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Livongo Exec Launches FemTec Health with $38M to Transform Healthcare Experience for Women
What You Should Know:
- Today, former Livongo executive Dr. Kimon Angelides announced the launch of FemTec Health, a women's health sciences and beauty company with $38M in funding focused on using technology and data to transform the total healthcare experience for women.
- Investors, capital and shareholders include Longmont Capital, Ithaca LifeSciences, Unilever Ventures, Estee Lauder, Shiseido, e.Ventures, Viking Global, and Trinity Capital with more than $38M raised to date.
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Hinge Health Reaches $6.2B Valuation with $600M for Digital Musculoskeletal Care Solution
What You Should Know:
- Hinge Health, a San Francisco, CA-based digital musculoskeletal (MSK) solution, today announced $400 million Series E financing led by Tiger Global and Coatue Management with Alkeon and Whale Rock acquiring ownership as part of a $200 million secondary investment. At a $6.2 billion-dollar valuation, Hinge Health is now one of the most valuable companies in digital health.
- Hinge Health reduces MSK pain, surgeries, and opioid use by pairing advanced wearable
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NorthShore Integrates with TytoCare to Expand Telehealth Offerings
What You Should Know:
- NorthShore University HealthSystem, today announced a new partnership with on-demand, remote medical exam provider TytoCare to expand its telehealth offerings. In May 2021, NorthShore launched an initial pilot with over 280 NorthShore employees that offered them Immediate Care with the TytoCare device and platform. The pilot exceeded target goals and allowed NorthShore employees to share their feedback to help shape the future of NorthShore patient care and refine the
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LexisNexis & Voyce App Joins Epic App Orchard Marketplace
What You Should Know:
- Voyce, an on-demand live interpreter app that helps break down language barriers in healthcare and LexisNexis® Healthcare Identity Management platform announced its availability in the Epic App Orchard Marketplace.
- The integration with Epic App Orchard enables any health system or healthcare provider using Epic can directly access Voyce app and LexisNexis identity and access management (IAM) solution.
The LexisNexis Healthcare Identity Management
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Healthcare SPAC Deep Medicine Acquisition Announces Pricing of $110M IPO
What You Should Know:
- Deep Medicine Acquisition Corp. (the “Company”), a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses announced today that it priced its upsized initial public offering of 11,000,000 units at $10.00 per unit.
- The units are expected to be listed on The Nasdaq Global Market (“Nasdaq”) and trade under the ticker
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How Healthcare Facilities Can Prepare for Expanded Inclusion Criteria for Telehealth and RPM Solutions in Value-Based Care Settings
As legislation, engagement and positive results continue to push digital patient care solutions forward, many healthcare organizations are not yet prepared for the increased adoption of these technologies. While general interest in telehealth remains somewhat lukewarm, the proof of viability for clinically-driven remote patient monitoring (RPM) is undoubtedly there and will become table stakes as positive results and legislation continue to progress. As a healthcare provider, how can you best
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Medable Secures $304M at $2.1B Valuation for Decentralized Clinical Trials Platform
What You Should Know:
- Decentralized Clinical Trials (DCT) leader Medable, today announced a $304M Series D funding round today – the company’s largest and fourth funding round in 18 months, bringing total capital raised to $521M – and valuation to $2B+. The funding round was co-led by new investors Blackstone Growth and Tiger Global and existing investor GSR Ventures. The round also includes follow-on investment from existing investors Sapphire
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