What You Should Know:
- London-based uMed has raised nearly $4.8m in venture
capital funding to help healthcare providers in the UK and US participate in
more clinical studies.
- The funding will enable uMed to grow its innovative platform which automates processes in running clinical research registries while ensuring regulatory compliance. Its platform can link some of the richest sources of healthcare data and drive a step-change in how clinical and real-world research is
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Virta Health Reaches Unicorn Status After Raising $65M to Reverse Type 2 Diabetes
What You Should Know:
- Virta just
closed a $65 Series D round, to scale its virtual clinic and approach to
reversing chronic metabolic conditions (T2D, prediabetes, and obesity) to the
masses.
- The financing, led by Sequoia Capital Global Equities,
also hurdles Virta well into unicorn territory ($1.1B+ valuation), recognizing
pre-pandemic growth that has accelerated during the COVID era.
Virta Health, a
San Francisco, CA-based company delivering the first
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M&A: Imprivata Acquires Patient Privacy Intelligence Company FairWarning
What You Should Know:
- Imprivata acquires FairWarning Technologies, a provider
of patient privacy intelligence.
- The combined solutions will offer healthcare a single Digital Identity platform that integrates role-based access controls, identity governance, and data privacy compliance.
Imprivata®, the digital identity company for healthcare, today announced the acquisition
of FairWarning
Technologies, LLC, a Clearwater, FL-based provider of patient privacy intelligence.
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M&A: CarepathRx Acquires Pharmacy Operations of Chartwell from UPMC for $400M
What You Should Know:
- CarepathRx will
acquire the University of Pittsburgh Medical Center’s pharmacy operations in a
$400M deal.
- The company fully
integrates pharmacy operations, expands healthcare services, improves
ambulatory access, minimizes clinical variation and creates new health system
revenue streams.
- CarepathRx serves more than 15 health systems and 600
hospitals, with more than 1,500 employees nationwide, 400 payor contracts.
Already CarepathRx has treated more than
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Olive Hits $1.5B Valuation with Additional $225.5M Funding for AI-Powered Digital Employee Platform
What You Should Know:
- AI workforce management for healthcare provider Olive lands an additional $225.5M in funding, bringing the company’s valuation to $1.5B.
- This latest funding round will enable
Olive to accelerate product development, and the company plans to announce more
capabilities in 2021 to support the entire healthcare ecosystem.
Olive,
the company creating the AI workforce for healthcare, today
announced an additional $225.5M in financing led by Tiger Global
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Proscia Secures $23M for AI-Enabled Digital Pathology Solutions
What You Should Know:
- Proscia secures $23M in Series B
funding led by Scale Venture Partners for its AI-enabled digital pathology
solutions.
- Proscia will use the funding to expand its AI application portfolio, boost commercial expansion, and advance its regulatory strategy to secure FDA approval.
Proscia, a Philadelphia-based provider of digital and
computational pathology solutions, today announced it has secured $23M in
Series B funding led by Scale
Venture
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Google Cloud Launches Healthcare Interoperability Readiness Program
What You Should Know:
- Google Cloud launches Healthcare Interoperability
Readiness Program to help healthcare organizations achieve healthcare data interoperability.
Today,
Google Cloud launched the Google Cloud Healthcare Interoperability Readiness
Program, helping organizations achieve data interoperability in advance of
upcoming HHS deadlines and to enable future innovation. Alongside partners like Bain, BCG, Deloitte, HCL,
KPMG, SADA, and more, the Healthcare
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Hospitals Hit with Low Volumes, High Expenses, Poor Margins as COVID-19 Cases Mount
What You Should Know:
- October was a challenging month for hospitals and
health systems nationwide amid ongoing instability spurred by the COVID-19
pandemic, according to Kaufman Hall’s latest Hospital Flash Report.
- Margins and volumes fell, revenues flattened, and
expenses rose as COVID metrics continued to climb and some states moved to
retighten social distancing guidelines.
- As of Oct. 31, the number of daily U.S. COVID cases
reached a high of more than 90,500 and related
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HealthStream Acquires Change Healthcare’s Staff Scheduling Business for $67.M
What You Should Know:
- HealthStream acquires Change Healthcare’s staff
scheduling business for $67.5M in cash which includes the ANSOS™ Staff
Scheduling (“ANSOS”) platform and related products.
- The acquisition will help establish HealthStream as a
market leader in healthcare workforce scheduling business.
HealthStream, a
leading provider of workforce and provider solutions for the healthcare
industry has entered into a definitive agreement to acquire
Change Healthcare’s
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Recent Executive Hires: CVS Health New President, Cleveland Clinic/Amwell Joint Venture Leadership, Others
CVS Health Corporation names Neela Montgomery Executive Vice President and President of CVS Pharmacy/Retail, effective November 30, 2020. Montgomery will oversee the company's 10,000 pharmacies across the United States. Montgomery, currently a Board Partner at venture capital firm Greycroft, most recently served as chief executive officer of furniture retailer Crate & Barrel and has nearly 20 years of global retail experience.
The Cleveland Clinic and Amwell joint venture appoint
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