On Thursday, watch maker giant Fossil Group, Inc. entered into a definitive agreement to acquire wearable technology company Misfit, Inc.for $260 million. The purchase price, which includes transaction costs, will be funded through a combination of cash on hand and bank debt.
Fossil Group expects the acquisition to close before the end of fiscal 2015, subject to customary closing conditions and regulatory approval. Misfit founder and CEO Sonny Vu will now serve as president and chief
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Practice Fusion Appoints Tom Langan as Permanent CEO
Practice Fusion, the cloud-based EHR platform has appointed Tom Langan as its permanent Chief Executive Officer. Langan has been interim CEO of Practice Fusion since August of this year, replacing Ryan Howard who assumed the position of Chairman of the Board. This also follows Langan’s appointment as a member of Practice Fusion’s Board of Directors in September of this year, a role which he will continue to fill following his appointment as permanent CEO.
“Practice Fusion has been a
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MedHelp Adds Blood Glucose Tracking via Apple Watch App
MedHelp®,the consumer division of Physicians Interactive®(PI) is expanding its diabetes management platform to allow individuals to track blood glucose levels on the Apple Watch®. With this new capability for consumers, MedHelp continues its focus on creating highly effective tools that help consumers, providers, payers and otherpartners address the management of chronic conditions that are rapidly taking a significant toll on America's health and the national healthcare system.
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DICOM Grid Raises $3M for Cloud-Based Medical Images
DICOM Grid, makers of the leading cloud-based, medical image management suite has raised $3 million in venture debt financing from City National Bank to the Series B equity financing led by Canaan Partners last year. The latest funding brings its total funding to date at $34M. The company plans to use the new funds to ramp up sales and marketing efforts and accelerate product development.
To date, DICOM Grid has processed over 2 billion diagnostic images, more than 100,000 every month, and
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Ask The Doctor Acquires UK’s Largest Telehealth Services Provider
Toronto-based Ask The Doctor, a health platform that connects users to doctors to receive immediate help has acquired Patients Connected Ltd., one of the largest telehealth services in the United Kingdom. Patients using the telehealth platform can easily connect to thousands of licensed physicians in the UK. Financial details of the acquisition were not disclosed.
Integration Details
As part of the acquisition, Ask The Doctor will take over the Patients Connected London office at the end of
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AliveCor Appoints Former Google Exec, Vic Gundotra as CEO
Former Google executive, Vic Gundotra has been appointed the new Chief Executive Officer of AliveCor, Inc., the leader in FDA-cleared ECG technology for smartphones, effectively immediately, replacing Euan Thomson, the company's interim Chief Executive Officer. Gundotra formerly served as Senior Vice President at Google from 2011 until April 2014, heading up the company's social initiatives. He joined Google in 2007 as vice president of engineering, where he was responsible for mobile
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CACI Awarded $77M Contract to Build Military Health Clinical Analytics Systems
CACI International Inc has been awarded a $76.8 million three-year contract to provide build the next generation military health clinical analyics systems to the Space and Naval Warfare Systems Center (SPAWARSYSCEN) Atlantic.
Contract Details
SPAWAR Systems Center Atlantic provides advanced health IT solutions that support the Defense Health Agency (DHA) and military health. Under the contract, CACI will build, deploy, and maintain state-of-the-art medical intelligence and decision
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Physicians Using Nuance Have Captured Over 100M Patient Stories
Nuance Communications, Inc. has announced physicians have documented more than 100 million patient stories annually physicians using Nuance cloud-based clinical voice recognition. This milestone comes on the heels of dramatic growth in healthcare organizations using web and mobile apps with embedded Nuance Dragon Medical cloud-based solutions, which have increased up to 30% month-over-month since the beginning of the year. Nuance anticipates this pace of adoption to continue based on market
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WellTrackONE, Zoeticx Partner to Bring EHR Interoperability to Medical Facilities
Zoeticx, Inc. and WellTrackONE Corp.have announced a partnership to bring interoperability to medical facilities’ EHR systems. The collaboration will enable Zoeticx’s Patient-Clarity platform software to integrate WellTracksONES’s Annual Wellness Visit (AWV) patient reports and associated medical data to any EHR, Health Information Exchange (HIE) or other data repository.
As part of the agreement, providers will be able to easily access and manage WellTrackONE’s AWV reports without using any
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Walgreens/MDLive Expands Telehealth Visits to Consumers in 20 States
Pharmacy retail giant Walgreens is expanding its partnership with MDLive to offer consumers in 20 additional states 24/7 access to MDLIVE's telehealth visits via Walgreens mobile app. The latest expansion brings the total number of states to 25.
As part of today’s expansion, patients in the following states will now have access to MDLIVE telehealth services through the Walgreens mobile app: Alabama, Arizona, California, Colorado, Connecticut, Florida, Indiana, Illinois, Iowa,
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