3M announced a definitive agreement to acquire the technology business of M*Modal, for a total enterprise value of $1 billion dollars. M*Modal is a healthcare technology provider of cloud-based, conversational Artificial Intelligence (AI)-powered systems that help physicians efficiently capture and improve the patient narrative so they can spend more time with their patients and provide a higher quality of care.M*Modal Acquisition DetailsAs part of the acquisition, 3M will maintain a strategic
Read More
PeaceHealth to Acquire On-Demand Healthcare Provider ZOOM+Care
PeaceHealth to acquire ZOOM+Care to expand access to on-demand primary and specialty care for patients across the Pacific Northwest. PeaceHealth, a Vancouver, WA-based nonprofit Catholic health system serving the Pacific Northwest community, today announced it will acquire ZOOM+Care, a provider of on-demand retail and digital healthcare services including telemedicine. The acquisition increases access to a continuum of care that offers consumers in Oregon and Washington with more choice and
Read More
Atrium Health Appoints Rasu B. Shrestha, MD as New Executive VP & Chief Strategy Officer
Atrium Health, previously Carolinas HealthCare System, today announced the appointment of former University of Pittsburgh Medical Center (UPMC) chief innovation officer Rasu B. Shrestha, MD, MBA as the new executive vice president and chief strategy officer. In his new role, Dr. Shrestha will focus on leading enterprise strategy, including planning and tactical direction for Atrium Health's strategic roadmap. In addition, he will spearhead a renewed focus on innovation, launching new healthcare
Read More
Behavioral Health Startup Tridiuum Raises $9.5M to Integrate Behavioral Health Across Continuum of Care
Tridiuum (formerly known as Polaris Health Directions), a Philadelphia-based provider of cloud-based behavioral health solutions has raised $9.5 million in Series B financing, which includes equity capital from lead investor Sopris Capital and strategic co-investor Fresenius Medical Care Ventures, and debt funding from Silicon Valley Bank. Series A investors Ben Franklin Technology Partners of Southeastern Pennsylvania and Martinson Ventures participated as well.Founded in
Read More
Change Healthcare Acquires Blockchain Startup PokitDok Assets
Change Healthcare announced that it has acquired intellectual property (IP) and other key assets from PokitDok, Inc., a blockchain platform-as-a-service company for healthcare. The integration of key PokitDok APIs into the network will add new capabilities for digital health, telemedicine, and other new, disruptive care models that support value-based, patient-centric healthcare.Founded in 2011, PokitDok’s platform-as-a-service makes it faster and easier for healthcare organizations to bring new
Read More
Imprivata Launches EPCS Support Hub to Support Medicare Part D
Imprivata has launched an online resource to help health organizations meet the requirements of a new federal law mandating the use of e-prescribing for controlled substances (EPCS) for all Medicare Part D subscriptions. The support hub, called "EPCS Ready", includes all the information needed to comply with the new federal law by the January 2021 deadline. It also includes insights & lessons learned from EPCS leaders, including the CMIO of Hartford HealthCare - where EPCS was implemented
Read More
Alira Health Acquires Data Sciences Company Clinical Insights
Alira Health, international healthcare and life sciences advisory firm, announced that it has acquired Clinical Insights, a data science organization providing data analytics and predictive analysis to healthcare companies. The acquisition will add rich data to each of Alira Health's practice areas, including innovation, regulatory, clinical, strategy, and transaction advisory services.Founded in 2012, Milano, Italy-based Clinical Insights provides tools and business advisory services based on
Read More
Brightree Acquires Mobile Delivery and SaaS Provider Apacheta Corp.
Brightree, an out-of-hospital software provider, announced it has acquired PA-based Apacheta Corporation, a privately held mobile delivery and cloud-based SaaS provider that allow companies to automate and streamline business processes in route sales, field marketing, pick-up and delivery, transportation and field services.“Apacheta solves many of the business challenges HMEs face in managing deliveries, particularly eliminating missing, lost or incomplete delivery information,” said Brightree
Read More
Sonora Quest Labs Taps BaseHealth to Leverage Lab Data to Reveal Patient Health Risks
In its first deployment of the new platform, BaseHealth is partnering with Sonora Quest Laboratories, Arizona’s leading provider of diagnostic testing and information services. BaseHealth’s platform combines laboratory data with insurance claims data, published clinical research, and other data sources then apply machine learning to prospectively identify patient health risks and suggest appropriate clinical interventions to address those risks. The process can especially benefit MA plans, which
Read More
Medsphere Lands $32M to Expand its Suite of SaaS Health IT Solutions and Support Future Acquisitions
Medsphere Systems Corporation, a provider of affordable and interoperable healthcare information technology (IT) solutions and services, today announced it has raised $32 million in funding from Morgan Stanley Expansion Capital and East West Bank. The Carlsbad, CA-based company plans to use the capital infusion to address the growing demand for its comprehensive suite of healthcare IT solutions and services, and support future strategic acquisitions.Medsphere BackgroundFounded in 2002,
Read More
