Healthcare Growth Partners, an
Investment Banking and Strategic Advisory firm exclusively focused on the
transformational health
IT market, today announced the release of its Semi-Annual Health IT Market
Review report that summarizes M&A and private equity activity across health
IT, health information services, and digital health.
Report Background/Methodology
This edition of the report includes feedback from our survey
of private equity professionals and their response to
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Same-Day Pharmacy Delivery NowRx Raises $20M to Expand into Additional Territories
What You Should Know:
- Same day
pharmacy delivery startup NowRx raises $20 Million in Series B funding to expand
into new U.S. territories and accelerate its technology roadmap, transforming
the way consumers get their prescriptions.
-
NowRx’s competitive
advantage is its proprietary pharmacy management system, which leverages AI and
robotics to fill and deliver prescriptions in record time, including
interfacing with insurance, checking for drug
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Wake Forest Baptist Health Launches Drone Delivery for Medicines, PPE for COVID-19
What You Should Know:
- Wake Forest Baptist Health will establish a hospital drone delivery network to carry patient-specific time- and temperature-sensitive medicines and PPE for medical professionals treating COVID-19.
- In partnership with Matternet and UPSFF today started
operating on two routes from one location at Wake Forest Baptist Health to two
other health system locations, marking one of the first hub-and-spoke operating
models for the U.S. drone delivery industry.
Wake
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Caption Health Nabs $53M to Commercialize FDA-Cleared AI-Guided Ultrasound Technology
What You Should Know:
- Caption Health raises $53 million series B round to
fuel commercialization and expansion of its FDA-approved AI ultrasound
technology. This is on the heels of its receiving FDA clearance, designated as
a breakthrough technology to fight against COVID-19.
- As ultrasounds, especially cardiac ultrasounds, have
become increasingly important during a time of COVID when resources are
stretched, using AI to help more healthcare professionals take high-quality
images is
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GYANT Raises $13.6M for AI-Enabled Digital Front Door Solution to Drive Patient-Doctor Engagement
What You Should Know:
- GYANT raises $13.6M in Series A funding for AI-enabled digital front door solutions to drive meaningful patient-doctor engagement.
- The investment will enable GYANT to scale up its product development to meet rapidly increasing market demand and support its exponential customer growth.
- Current customers include Intermountain Healthcare, OSF
Healthcare, Adventist Health, Health First, Integris, etc.
GYANT, a San Francisco, CA-based care navigation
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7 Day Moving Average for COVID-19 Cases Is Up 148% Nationwide
What You Should Know:
- Nationwide, the seven-day moving average for COVID-19
cases is up 148% from June 7th to July 7th. In many states across the country,
the “curve” never flattened. Since June there hasn’t been a flattening effect,
but rather a significant spike in the number of COVID-19 cases.
- States hit hardest with new waves of COVID-19 cases
like Arizona, California, Texas and Florida have the highest percentage of
hospital beds occupied by patients with COVID-19. If there are
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eConsult Platform AristaMD Raises Additional $6M to Close $24M Series B Round
What You Should Know:
- AristaMD, a digital health company that provides a platform to connect primary care providers with timely and documented specialist insights through eConsults, has secured an additional $6M in investments to top off the company’s Series B funding round at $24 million.
- With non-emergency, proactive care and elective
procedures being canceled during the COVID-19 pandemic, there is a backlog of
appointments. eConsults will continue to be an effective triage tool now
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Change Healthcare Offers Providers Free Access to Lab Orders/Results for COVID-19 Tests
What You Should Know:
- Change Healthcare offers healthcare providers free
access to lab orders and results for COVID-19 tests through one of the nation’s
largest lab networks and adds in-home testing.
- The Change Healthcare Clinical Network expands test
ordering through one of the nation’s largest lab networks and adds in-home
testing.
- Providers can choose labs from one of the nation’s
largest lab networks, with over 1,400 lab testing sites, of which over more
than 100 are
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UnitedHealth Group Launches New Digital Health Therapy for Type 2 Diabetes
What You Should Know:
- UnitedHealth Group launches a new pilot for digital health therapy for Type 2 Diabetes to nearly a quarter-million members at no additional cost to more than 230,000 employer-sponsored, fully insured UnitedHealthcare members in 27 states and Washington, D.C.
- The therapy, known as Level2, helps participants gain
real-time insights about their condition and, for some, successfully reduces
spikes in blood sugar levels or achieves Type 2 Diabetes remission.
- The
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Paige Lands Additional $20M for AI-Native Digital Pathology Ecosystem
What You Should Know:
- Paige secures an additional $15M from Goldman Sachs totaling $20M to close out a total Series B funding round of $70M for its AI-native digital pathology ecosystem.
- The company’s continued product portfolio of innovation in telepathology and digital diagnostics accelerated by further investment.
Paige, an NYC-based leader in computational pathology transforming the diagnosis and treatment of cancer, today announced it received an additional $15M from
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