What You Should Know:
Walgreens Boots Alliance announces the sale of shares of AmerisourceBergen Corporation valued at $1.85B for debt paydown and general corporate purposes.Walgreens Boots Alliance’s ownership stake of AmerisourceBergen’s common stock has not been impacted but is expected to decrease by to approximately 16 percent.
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FemTech: First Women’s Medical-Grade Wearable Smart Ring Submitted for FDA Clearance
What You Should Know:
Movano Health, makers of the Evie Ring, the first medical-grade wearable smart ring for women announced that it has submitted a 510(k) premarket notification to the U.S. Food and Drug Administration (FDA). The submission has passed the first milestone of the review process, an initial review for completeness, and is now under full review by the FDA.
Medical Grade Wearable Designed Specifically for Women
The Evie Ring combines health and wellness metrics
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M&A: Waystar Acquires Patient Payment Platform Healthpay24
What You Should Know:
Waystar, a provider of healthcare payments software, today announced is has acquired enterprise patient payment platform HealthPay24. Financial details of the acquisition were not disclosed. This acquisition marks Waystar’s eighth since 2018, and will help augment Waystar’s existing expertise, furthering the company’s mission to simplify healthcare payments and make for a more seamless patient financial experience.
HealthPay24 Background
HealthPay24 is
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Interwell Health Expands its Value-Based Kidney Care Network
What You Should Know:
Interwell Health, a value-based kidney care company, has recently expanded its network with more than 20 new physician practices--supporting the shift to more value-based kidney care. The Interwell Health provider network now includes 1,700 nephrologists from across the country who are aligned with its mission to reimagine kidney care and help people with chronic kidney disease (CKD) live healthier lives. These 135 practices range from large to small,
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Amazon Clinic Expands Virtual Health Nationwide
What You Should Know:
Today, Amazon Clinic announced it is now available to customers in all 50 states and Washington, D.C., offering more people easy access to licensed clinicians for virtual care.Amazon Clinic is a virtual health care marketplace available to adults 18-64, that connects customers to third-party, licensed clinicians to help manage common health conditions like urinary tract infections, pink eye, and erectile dysfunction.
Amazon Clinic Background
Customers can select
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S&T Researchers Developing 3D-Printed Dressings for Better Wound Care
What You Should Know:
- Missouri University of Science and Technology researchers are developing new 3D-printed hydrogel dressings to speed up and improve the healing process for patients with second-degree burns. The research team published an article covering their latest findings in the International Journal of Bioprinting in July.
- Hydrogels are typically part of the care regimen for patients with severe burns, but what separates S&T’s research from standard hydrogels is that the
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Femtech: Juno Diagnostics Shuts Down Commercial Operations
What You Should Know:
Juno Diagnostics, a healthcare technology company developing the next generation cell-free DNA-based noninvasive prenatal test solutions announced it has ceased commercial operations, effective immediately. The company released a statement citing “unforeseen circumstances have led to this difficult decision, and we’re devastated that we can no longer continue our mission-driven work to support expectant mothers like you. As we wind down commercial operations,
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Femtech: HerMD Raises $18M to Transform Women’s Healthcare
What You Should Know:
HerMD, a Cincinnatti, OH-based female-founded physician-led women’s health provider committed to revolutionizing women’s healthcare secures $18M in an oversubscribed Series A-1 round led by existing investor JAZZ, with participation from B-Flexion and Amboy Street Ventures. This new investment brings HerMD’s total funding to nearly $30M.Founded by Chief Medical Officer Dr. Somi Javaid in 2015, HerMD has been revolutionizing the future of women’s healthcare through
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RapidAI Secures $75M for AI-Driven Stroke Care Solutions
What You Should Know:
- RapidAI, a San Mateo, CA-based digital health company developing artificial intelligence (AI) and technology workflow solutions to combat life-threatening neurovascular, cardiac and vascular diseases, today announced $75 million in Series C funding led by Vista Credit Partners, a subsidiary of Vista Equity Partners and strategic financing partner focused on the enterprise software, data and technology markets.
- The funding aims to drive platform
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Mindful Meditation App Headspace Closes $105M Debt Facility
What You Should Know:
Headspace, a digital healthcare company focused on mental health announced it has closed $105M in senior debt facility from Oxford Finance, a specialty finance firm providing senior debt to healthcare and life sciences companies worldwide.Proceeds from the financing will be used to further support the expansion of Headspace's innovative mental health platform. Additionally, the investment will enable Headspace to be opportunistic in investing in areas where it sees
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