What You Should Know
Digital healthcare leader iRhythm Holdings, Inc. has entered into a definitive agreement to acquire Vital Connect, Inc. for approximately $287.5M.The transaction consideration consists of $237.5 million in cash (funded from iRhythm's balance sheet) and $50M in iRhythm common stock, with up to $30M in interim working capital financing provided prior to closing.The acquisition expands iRhythm's flagship Zio cardiac monitoring portfolio by adding VitalConnect's FDA-cleared
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M&A: Health Catalyst Closes $147M Sale of Vitalware to Med-Metrix
What You Should Know
Healthcare intelligence leader Health Catalyst, Inc. completed the sale of its mid-revenue cycle business, Vitalware, LLC, to Med-Metrix, LLC on July 31, 2026.The divestiture generated $147M in total cash consideration, subject to customary adjustments.Health Catalyst combined the net proceeds with cash on hand to fully repay and retire its credit facility, eliminating approximately $19M in annual GAAP interest expense.Capital and operational focus will pivot toward
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CCM and KLAS Research Report: 63% of Health Systems Lack Advanced AI Strategy Frameworks
What You Should Know
A report by the Center for Connected Medicine (CCM) at UPMC and KLAS Research reveals that while 93% of surveyed health system leaders have deployed third-party AI, strategy and testing infrastructure lag far behind.Clinical documentation and ambient scribing lead deployment at 52%, followed by revenue cycle and coding (36%), medical imaging (32%), and EHR-embedded clinical decision support (32%).While 92% of organizations conduct pre-deployment testing, less than half
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M&A: Unite Us Acquires Vircho Health to Advance Performance Analytics for Community Care Networks
What You Should Know
Social care coordination leader Unite Us has acquired Vircho Health, a technology platform providing performance, quality, and financial accountability analytics for community care networks. Financial terms of the acquisition were not disclosed.The acquisition includes the full Vircho Health team, led by co-founders Craig Manson and Evan Jones.The deal transitions Unite Us from proving that a social service occurred (closed-loop referrals) to providing intelligent
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Solventum Announces Intent to Separate Health Information Systems Business
What You Should Know
Solventum announced its intent to separate its Health Information Systems (HIS) business to sharpen focus as a pure-play MedTech provider centered on MedSurg and Dental Solutions.The Health Information Systems division generates $1.4B in annual sales, is deployed across 30+ countries, serves over 75% of U.S. hospitals, and processes roughly 660 million clinical documents monthly.Management operates within a ~$10 billion addressable market growing at 5–6% annually,
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Transcarent Names Optum Veteran Mike Morgan as Chief Commercial Officer
What You Should Know
Agentic AI-powered health and care platform Transcarent has appointed Mike Morgan as its new Chief Commercial Officer (CCO).Reporting directly to CEO Glen Tullman, Morgan will lead the commercial organization, managing sales, strategic partnerships, and go-to-market strategies for Transcarent’s WayFinding® platform.Morgan brings over 20 years of commercial leadership experience, having previously served as SVP of Sales at Sunny Benefits and leading Patient Access &
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URAC Awards First Health Care Artificial Intelligence Accreditations to Guidehealth, RediMinds, and SandsRx
What You Should Know
Independent accreditor URAC announced that Guidehealth, RediMinds, and SandsRx are the first three organizations nationwide to earn its Health Care Artificial Intelligence Accreditation.Launched in 2025, URAC’s AI accreditation framework evaluates organizations across the entire technology lifecycle, focusing on governance, risk management, transparency, and ongoing operational oversight.The inaugural cohort spans diverse health care vectors: SandsRx (specialty pharmacy
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Hinge Health to Acquire Cylinder Health for $105M to Launch Integrated GI Care Program
What You Should Know
Digital health provider Hinge Health, Inc. announced a definitive agreement to acquire virtual-first digestive care company Cylinder Health, Inc. for $105M in cash.The transaction is expected to close in the third quarter of 2026, subject to customary closing conditions.Cylinder Health brings an established commercial footprint covering nearly 100 enterprise clients across two million lives, partnerships with two of the three largest PBMs, and commercial relationships
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Wellinks Raises $10M to Scale Predictive Cardiopulmonary Remote Patient Monitoring
What You Should Know
New Haven-based cardiopulmonary digital health provider Wellinks closed a $10M first tranche of its Series B funding round.The financing was led by strategic partner UMass Memorial Health alongside participation from existing inside investors.Wellinks' FDA-cleared Spire Remote Patient Monitoring (RPM) System and proprietary Health Tags deliver passive, continuous physiological tracking to predict clinical deterioration up to one week before symptom onset.Clinical evidence
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Beyond Real-World Trial Iteration: QuantHealth Secures $45M for AI Clinical Simulation
What You Should Know
Tel Aviv-based AI clinical simulation platform QuantHealth closed a $45 million Series B financing round led by Qumra Capital.The round saw participation from major strategic and venture investors, including Sanofi Ventures, Pitango HealthTech, Bertelsmann Healthcare Investments (BHI), Artofin, GC Ventures, NewHealth, Shoni Top, and Esplanade Ventures.Proceeds will advance next-generation AI models, deepen scientific validation, expand therapeutic coverage beyond 40
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