UnitedHealth’s Optum has agreed to acquire DaVita Medical Group, one of the nation’s leading independent medical groups and a subsidiary of DaVita Inc. Under terms of the acquisition, Optum will acquire DaVita Medical Group for approximiately $4.9 billion in cash and is expected to close in 2018. DaVita plans to use the proceeds from the acquisition for significant stock repurchases over the next one to two years following the closing of the transaction, as well as to repay debt and for general
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PatientPay Secures $6M to Expand Patient Payments Platform for Specialty Care
PatientPay, a Raleigh-Durham, NC-based provider of patient payments for specialty care has secured $6 million in growth capital led by Teaghlach Family Office and existing investors, including Mosaik Partners. The revenue cycle-focused company plans to use the funding for an 85 percent company expansion in 2018, primarily in staffing and product development. The investment round stems directly from the need to grow quickly and meet healthcare demand for better patient payments methods and
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VirtualHealth Lands $7M to Expand Integrated Value-based Care Platform
VirtualHealth, a New York City-based startup of population health management and care management technologies, has raised $7 million in funding led by Edison Partners. The company plans to utilize the funding to further develop its product suite, grow the team and expand its market share. Founded in 2012 by Adam Sabloff, VirtualHealth’s secure, cloud-based platform seamlessly integrates population analytics with market-leading care, disease, and
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Steward Health Care System to Implement MEDITECH’s Web EHR At 8 Additional Hospitals
Steward Health Care, the largest private hospital operator in the United States, today announced it will implement MEDITECH's Web EHR at eight additional hospitals The implementation of MEDITECH's Web EHR reflects Steward's recent expansion in Massachusetts, Pennsylvania, Ohio, and Florida. A MEDITECH customer for 19 years, Steward recognized MEDITECH as a trusted EHR source for the newly acquired eight sites. While Steward values its success with MEDITECH's legacy platforms, the multi-faceted
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Mayo Clinic, sphingotec Collaborate for Evaluation & Use of Biomarkers to Improve Diagnosis
sphingotec GmbH , a biotechnology company that develops biomarkers for the detection and management of diseases, has recently signed an agreement with Mayo Clinic to collaborate on the evaluation and use of several biomarkers that may improve the diagnosis of certain disease states, including kidney disease, breast cancer, sepsis, and cardiovascular disease.As part of the agreement, Mayo Clinic will evaluate the biomarkers proenkephalin (penKid) and three others for research and potential
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Apple, Stanford Launches Heart Study App to Identify Irregular Heart Rhythms
Apple in partnership with Stanford Medicine has announced the launch of the Apple Heart Study app, a first-of-its-kind innovative research study using Apple Watch’s heart rate sensor to collect data on irregular heart rhythms and notify users who may be experiencing atrial fibrillation (AFib). The Apple Heart Study app uses this technology to identify an irregular heart rhythm.Atrial Fibrillation (AFib), is the most common heart arrhythmia, and a leading cause of stroke. AFib affects more than
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Prognos Raises $20.5M For AI-Powered Disease Prediction Platform for Payers, Providers
Prognos, a New York City-based healthcare Artificial Intelligence (AI) startup that has been steadfastly building its AI capabilities with the goal of predicting disease has raised $20.5 million in Series C funding. Particpatnts in the round include Cigna, GIS Strategic Ventures (the venture capital arm of the Guardian Life Insurance Company), Hermed, Hikma Ventures, Maywic, Merck Global Health Innovation Fund (GHI), and Safeguard Scientifics.Prognos plans to use the funding to expand Prognos’
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Accenture Makes Strategic Investment in Quantum Computing Startup 1QBit
Accenture has announced a new strategic alliance and minority investment in 1QBit, a leading quantum computing firm that builds quantum and quantum-inspired software to help organizations solve their most demanding computational challenges. The alliance will allow Accenture to develop new quantum-inspired analytics capabilities to solve healthcare and life sciences challenges through Accenture Analytics and scale pilot opportunities identified through the Accenture Labs. Terms of the transaction
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Change Healthcare, Zebra Medical Vision Partner to Bring AI to Medical Imaging
Change Healthcare and Zebra Medical Vision today announced an agreement to create solutions that deliver artificial intelligence solutions to complex radiology reporting environments. Change Healthcare's proven radiology solutions, along with Zebra Medical Vision's algorithms, will benefit radiologists and other imaging specialists by improving the efficiency of routine tasks and the effectiveness of workflow in the radiologist reading environment.By working together on the pragmatic integration
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Nuance Launches Artificial Intelligence Marketplace for Diagnostic Imaging
Today, Nuance introduced a first-of-its-kind, open artificial intelligence (AI) marketplace for diagnostic imaging that will speed the creation and adoption of AI by providing radiologists and data scientists with the ability to define, build, publish and improve imaging algorithms. It will provide radiologists with real-time intelligence needed at the time of care and within their usual workflow.As part of this, Nuance is collaborating with NVIDIA, a company well-known for its deep learning
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