What You Should Know:
- Despite increased investments in detection programs, drug diversion—the illegal obtaining of prescription drugs by healthcare staff—continues to be a significant and often underreported issue within U.S. hospitals and health systems, according to the fifth edition of the "State of Drug Diversion" report released by Wolters Kluwer Health.
- The comprehensive survey of nurse leaders, pharmacists, risk managers, and drug diversion program leaders reveals that
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German Bionic Unveils First True Augmented AI Exoskeleton, Exia
What You Should Know:
- German Bionic, the robotics pioneer renowned for first connecting exoskeletons to the cloud, launches Exia – its most advanced wearable device to date and the world’s first exoskeleton powered end-to-end by true Augmented AI.
- Informed by insights from billions of real-world motion data points collected across industries including manufacturing, logistics, retail, and healthcare, Exia aims to set a new benchmark for strength, intelligence, and
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Brooklyn Health Secures $6.5M to Expand AI-Powered Precision for Clinical Trial Endpoints
What You Should Know:
- Brooklyn Health, a neuroscience technology company focused on objective measurement of mental health announced it has secured $6.5M in seed funding led by HealthX, with participation from Metrodora Ventures, Story Ventures, RiverPark Ventures, Laconia Capital, Everywhere Ventures, Hypothesis Studio, Blue Falcon Capital, and others.
- The funding coincides with the company's debut of its new electronic clinical outcome assessment (eCOA) solution, Willis. Willis
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Coalesce Capital Acquires Majority Stake in DAS Health
What You Should Know:
- Coalesce Capital (“Coalesce”), a private equity firm focused on investing in human capital-driven and technology-enabled services companies announced it has acquired a majority stake in DAS Health Ventures (“DAS Health”), a provider of healthcare IT and business solutions.
- Sheridan Capital Partners (“Sheridan”), which first invested in DAS Health in 2021, will retain a minority ownership position and continue to support the company’s ongoing growth
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John Snow Labs Acquires WiseCube to Bolster AI-Powered Biomedical Knowledge and Drug Discovery
What You Should Know:
- John Snow Labs, the AI for healthcare company announced its acquisition of WiseCube, a pioneer in biomedical knowledge graphs and AI-powered literature analysis. Financial details of the acquisition were not disclosed.
- The strategic move is set to significantly enhance John Snow Labs' mission to deliver responsible, accurate, and explainable healthcare AI solutions by integrating WiseCube’s billion-scale knowledge platform.
Enhancing AI Capabilities in
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Smith+Nephew Awarded $75M DoD Contract to Supply Advanced Wound Therapy Systems
What You Should Know:
- Global medical technology company Smith+Nephew has been selected to provide its RENASYS◊ TOUCH Negative Pressure Wound Therapy (NPWT) Systems to the U.S. Department of Defense (DoD).
- The single-award contract, facilitated through the Defense Logistics Agency (DLA), spans 10 years and is valued at up to $75M.
- The agreement will equip military medical providers with an advanced solution for managing complex wounds across various stages of care, from
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Fuze Health Launches, Uniting Truepill, LetsGetChecked, and Alto to Transform At-Home Personalized Care
What You Should Know:
- Fuze Health, a new technology-powered healthcare solutions company, launches with a commitment to transforming patient experiences and advancing personalized care.
- The company aims to enable healthcare partners—including care providers, employers, health plans, and life sciences companies—to excel in an outcomes-focused system, while empowering patients to more comprehensively manage their health at home.
Comprehensive At-Home Care: From Testing to
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WellTheory Secures $5M to Launch AI Tools to Transform Autoimmune Care
What You Should Know:
- WellTheory, a whole-person care platform for autoimmune disease secures $5M in new funding and the successful rollout of its proprietary AI tools, Care Hub and Care Scribe, across its care operations.
- New investors Samsung Next, Opal Ventures, and Up2 Fund joined the round, with continued support from existing investors Accel, OVO Fund, and BoxGroup.
- The new capital will fuel the company’s expansion into the employer and health plan markets and
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Experity Launches AI-Powered Partner Ecosystem to Modernize Urgent Care Tech Infrastructure
What You Should Know:
- Experity, an on-demand healthcare solution provider serving 22 of the 25 largest enterprise urgent care organizations in the U.S. launches its innovative Partner Ecosystem.
- The initial rollout of AI-driven capabilities and resources within Experity’s software platform signifies a strategic investment aimed at evolving the landscape of urgent care by enhancing efficiency, creating new profit opportunities for clinics, and expanding the human impact of
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Axle Health Secures $10M to Transform Home Healthcare Operations with AI-Powered Logistics
What You Should Know:
- Axle Health, a pioneering technology company focused on transforming home healthcare operations secures $10M in Series A financing round led by F-Prime, with participation from Y Combinator, Pear VC, and Lightbank.
- The new capital infusion will fuel Axle Health's aggressive expansion plans. The company intends to scale its proprietary healthcare logistics platform, enhance its AI-powered scheduling and routing algorithms, accelerate the development of its
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