Internet Brands, a KKR portfolio company has agreed to acquire WebMD Health Corp. for approximately $2.8 billion in cash. The WebMD Health Network includes WebMD.com, Medscape.com, MedicineNet.com, eMedicineHealth.com, RxList.com, OnHealth.com, Medscape Education (Medscape.org) and other WebMD owned sites and apps.Here are five things to know about the deal:1. As part of the acquisition, Internet Brands will pay $66.50 per WebMD share to be paid in cash upon completion of the
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Trinity Health to Test Google Glass for Tablet-Free Virtual Care
This week, Trinity Health announced that they will soon be testing the capabilities of an initiative that combines home visits by secondary caregivers with the innovative internet capabilities of Google Glass, and the advanced video technologies of swyMed, a provider of video telemedicine technologies.The program will help Trinity Health determine how the technologies might be used to increase access to primary care physicians and advance people-centered care. The clinical simulation of the
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Mercom: Healthcare IT Funding Tops Record $4B in First Half of 2017
Health IT VC funding reached a total record of $4B in the first half of 2017, representing a 36 percent higher year-over-year, according to a new report from Mercom Capital Group. The latest report finds that there were a total of 90 Healthcare IT M&A transactions, compared to 110 in 1H 2016. M&A activity in the second quarter of 2017 was down with 41 M&A transactions (five disclosed) compared to the 49 M&A transactions (seven disclosed) in Q1 2017.Mercom’s comprehensive report
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Led by BlueCross BlueShield, Healthify Raises $6.5M for Social Determinants Management Platform
Healthify, a NYC-based community referral and social determinants management platform, closed a $6.5m Series A funding round led by BlueCross BlueShield Venture Partners (BCBSVP). The round also included participation from existing investors Primary Venture Partners (PVP) and Activate Venture Partners (AVP).Healthify will use the funds from the financing to expand its care coordination product suite and grow its network of customers and social service partners. To date, Healthify has raised over
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Novo Nordisk & Glooko Launch Integrated Diabetes Management App
Novo Nordisk and Glooko has announced the launch of their new integrated diabetes management app, Cornerstones4Care (C4C app) for patients. The C4C mobile app integrates Novo Nordisk's extensive knowledge of diabetes and personalized patient support with Glooko's digital platform and data analytics expertise. Cornerstones4Care Powered by Glooko AppThe integrated app concept will initially enable people with diabetes to easily measure and track their blood glucose, activity and meals all in one
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eClinicalWorks Launches healow Kids App to Connect Parents with Their Child’s Pediatrician
Today, eClinicalWorks has announced its healow Kids mobile app, which helps connects parents with their child’s pediatrician. The app, which is fully integrated with the eClinicalWorks Electronic Health Record (EHR), helps parents keep track of their child’s health and progress. Through the app, parents can access health records, lab results, send and receive secure messages to the pediatrician and book appointments. "As an experienced user of the healow Kids app, both professionally and
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Health Fidelity Launches AI-Powered EHR Data Acquisition Platform for Providers & Health Plans
One of the main battles to efficient healthcare is complicated and incompatible medical records systems. Health Fidelity, a health IT startup funded by UPMC, has developed a vendor-neutral tool to solve the data acquisition problem called HF360 Data Acquisition. HF360 Data Acquisition is a flexible platform that healthcare providers and health plans can use to retrieve medical records and other patient data in the most efficient and cost-effective manner.The platform can acquire both structured
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GE Healthcare Acquires Novia Strategies to Expand Clinical Consulting Capabilities
GE Healthcare has acquired Novia Strategies, a healthcare clinical consulting firm focused on delivering critical outcomes in hospital operations. The acquisition will expand GE Healthcare’s clinical consulting capabilities to help healthcare organizations meet the demand for increased access, enhanced quality and more affordable healthcare for their patients. Originally founded under the name of InnoVia Health by Nancy Lakier in 1995, Novia Strategies help hospitals and health systems improve
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Stanford Researchers Develop Algorithm to Diagnose Heart Arrhythmias
Stanford researchers from the Machine Learning Group have developed an algorithm that is able to outperform cardiologists in arrhythmia detection, according to research published on arXiv. The new deep learning algorithm can diagnose 14 types of heart rhythm defects, called arrhythmias and has the ability to sort through data from rural locations where people do not have routine access to cardiologists. Traditionally, patients suspected to have an arrhythmia will often get an electrocardiogram
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Telehealth Monitoring Provider VRI Acquires Healthcom
Valued Relationships, Inc.(VRI), a provider of telehealth monitoring solutions to seniors has acquired Sullivan, Illinois-based Healthcom to expand its footprint in senior care market. Founded in 1992 by CEO Ralph Kirk, Healthcom partners with healthcare providers to provide services that enhance the standard of care.From medical alert services and medication management to telehealth solutions and care transitions, Healthcom offers an integrated service to help reduce readmissions, improve
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