What You Should Know:
UpHealth, Inc. has entered into a definitive agreement to sell its wholly-owned subsidiary, Cloudbreak Health, LLC, to private equity firm GTCR for $180 million in cash.
The sale will allow UpHealth to reduce its debt and focus on its growing behavioral health business, TTC Healthcare. The sale is expected to close in the first half of 2024.
CloudBreak Health Background
Cloudbreak Health, known for its Martti translation offering, provides telehealth and video
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Digital Health | News, Analysis, Insights - HIT Consultant
Ambiq and Xiaomi Partner on Xiaomi Smart Band 8 Wearable Featuring Advanced Health and Wellness Monitoring
What You Should Know:
- Ambiq®, a provider of ultra-low-power semiconductors for IoT endpoints, has announced a new collaboration with Xiaomi, a global provider in consumer electronics and smart manufacturing, to develop the Xiaomi Smart Band 8.
- This new smart band is designed to help consumers define their unique style while providing them with a wide range of health and fitness features.
Xiaomi Smart Band 8: A Reimagined Wearable Experience
The Xiaomi Smart Band 8 marks a
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NCQA Launches Virtual Care Accreditation Pilot
What You Should Know:
- The National Committee for Quality Assurance (NCQA) has initiated the Virtual Care Accreditation Pilot program, a significant step in developing a quality improvement framework for organizations offering care through telehealth or digital platforms.
- NCQA has selected 18 pilot organizations from a pool of over 100 applicants. These organizations are based in 12 states and Puerto Rico and represent various entities, including health plans, health systems, Federally
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M&A: HEALWELL AI Acquires Pentavere Research Group to Enhance AI Healthcare Solutions
What You Should Know:
- HEALWELL AI Inc. (TSX: AIDX), a data science and AI company focused on preventative care, has announced a significant step forward in its mission to revolutionize healthcare through the acquisition of a majority ownership position in Pentavere Research Group Inc. (Pentavere).
- This acquisition will bolster HEALWELL's AI technology capabilities and expand its reach in the healthcare industry.
Pentavere Background
Pentavere, an innovative AI health-tech company
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Trip Hofer Joins .406 Ventures as Venture Partner
Trip Hofer, Venture Partner at .406 Ventures
What You Should Know:
- .406 Ventures, a leading early-stage venture capital firm focused on healthcare and enterprise technology, has announced the addition of Trip Hofer to its team as a Venture Partner. Hofer, an accomplished healthcare executive with over two decades of experience, brings a wealth of industry knowledge and expertise to .406.
- Hofer joins .406 from Optum Behavioral Health Solutions, where he served as CEO, leading the
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Elsevier Health and OpenEvidence Partner to Unveil ClinicalKey AI
What You Should Know:
- Elsevier Health, a global leader in medical information and data analytics, has announced a strategic partnership with OpenEvidence, a company specializing in artificial intelligence for medicine, to develop ClinicalKey AI, a next-generation clinical decision support tool that combines the most recent and reputable evidence-based medical content with generative artificial intelligence (AI) to help physicians at the point of care.
- The vast amount of complex data
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SciBase and Skin and Cancer Institute Collaborate to Advance AI-Driven Skin Cancer Detection in California
What You Should Know:
SciBase Holding AB, a developer of augmented intelligence-based solutions for skin disorders, has entered into a collaboration agreement with the Skin and Cancer Institute to pilot Nevisense in several of their California locations.
- Melanoma is the deadliest form of skin cancer, but when detected early, treatment has a nearly 100% cure rate. The collaboration emphasizes the significance of early testing and treatment to improve survival rates.
- The collaboration
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M&A: Aranscia Acquires YouScript from Invitae
What You Should Know:
- Aranscia, a global provider of diagnostics software, services, and testing solutions, has acquired select assets of the YouScript personalized medication management platform from Invitae Corporation in an all-cash transaction.
- YouScript is a widely recognized leader in providing actionable, real-time medication risk and pharmacogenomics (PGx) insights. It enables healthcare providers and organizations to build, deliver, and scale comprehensive personalized
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Pathway Raises $5M for AI-Powered Medical Knowledge Platform
What You Should Know:
- Pathway, an AI-powered medical knowledge platform, has secured $5 million in seed funding to expand its solutions and address information overload for healthcare professionals. The seed funding was led by Yamaha Motor Ventures, with participation from Verge HealthTech Fund, existing investors Amplify Capital, BoxOne Ventures, and Formentera Capital. Several physicians who have experienced Pathway's benefits also backed the funding round.
- The funding will allow
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Philips and NYU Langone Health Forge 8-Year, $115 Million Partnership to Elevate Patient Care through Innovation
What You Should Know:
- Philips and NYU Langone Health have announced an 8-year strategic partnership valued up to $115M and aimed at enhancing patient care through further innovation.
- The partnership will focus on the development of new technologies that will allow NYU Langone clinicians to collaborate in real-time, share data, and provide personalized care plans. The technologies will also help to reduce costs and improve outcomes.
Adoption of Philips Solutions
NYU Langone will
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