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Digital Health | News, Analysis, Insights - HIT Consultant

LifeSpeak To Acquire Wellbeats for up to $92.5M

by Fred Pennic 02/14/2022 Leave a Comment

LifeSpeak To Acquire Wellbeats for up to $92.5M

What You Should Know: - LifeSpeak Inc. (TSX: LSPK), today announced it will acquire Wellbeats Inc., an on-demand physical well-being platform, for up to $92.5M USD. As the leader in mental health and total wellbeing for employers, this acquisition enables LifeSpeak to meet the rapidly growing demand for a comprehensive, single-vendor solution that addresses both mental and physical health support needs. - Wellbeats, a Minnesota-based market-leading provider of an on-demand,
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Variantyx Secures $41.5M for Genetic Testing and Personalized Medicine

by Fred Pennic 02/14/2022 Leave a Comment

Variantyx Secures $41.5M for Genetic Testing and Personalized Medicine

What You Should Know: - Variantyx, a technology-driven precision medicine company providing advanced genomic testing for the rare genetic disorders, reproductive health, and precision oncology markets, today announced they have secured $41.5M in C-2 funding led by New Era Capital Partners and includes Peregrine Ventures, Robert Bosch Venture Capital, 20/20 HealthCare Partners, and Pitango HealthTech. - Founded in 2014, the Variantyx proprietary whole genome sequencing and analysis
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Respira Labs Secures $2.8M to Expand Clinical-Grade Respiratory Health Wearable

by Jasmine Pennic 02/10/2022 Leave a Comment

Respira Labs Secures $2.8M to Expand Clinical-Grade Respiratory Health Wearable

What You Should Know: - Respira Labs, a Latina-led medical technology company specializing in respiratory care, today announces it has closed $2.8M to continue to develop and produce its clinical-grade respiratoryhealth wearable that uses acoustic resonance to assess lung function and identify changes in lung air volume, which is especially critical for COPD, COVID-19 and asthma patients. - Respira Labs raised $1 million in pre-seed funding led by Zentynel Frontier Investments with
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LifeOmic Acquires Bavard, an Enterprise-Grade Conversational AI Platform

by Fred Pennic 02/10/2022 Leave a Comment

LifeOmic Acquires Bavard, an Enterprise-Grade Conversational AI Platform

What You Should Know: - LifeOmic, a software company that leverages the cloud, machine learning and mobile devices to power precision health and wellness solutions announced it has acquired Bavard, a Utah-based conversational artificial intelligence (AI) company offering intelligent digital assistants and platforms. Financial details of the acquisition were not disclosed. - The acquisition comes as AI technology has experienced widespread adoption in the health care space, a trend
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Scopio Secures $50M for AI-Powered Peripheral Blood Smear App

by Fred Pennic 02/09/2022 Leave a Comment

Scopio Secures $50M for AI-Powered Peripheral Blood Smear App

What You Should Know: - Scopio Labs, provider of the world's first full-field digital cell morphology solution, today announced a $50M investment for its end-to-end hardware and software platform for digitizing, quantifying and analyzing hematology and other digital cytology samples. - The Series C round included OurCrowd, Aurum Ventures, Mizrahi-Tefahot Bank Invest and Ilex Medical, with the participation of strategic investors operating in the field and existing
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Amazon Care Expands Telehealth Services Nationwide, Expands In-Person Services in More Than 20 Cities

by Fred Pennic 02/08/2022 Leave a Comment

Amazon Care Expands Telehealth Services Nationwide, Expands In-Person Services in More Than 20 Cities

What You Should Know: - Amazon Care expands its telehealth services nationwide and in-person services will be rolled out in more than 20 new cities this year. The service is already available in Seattle, Baltimore, Boston, Dallas, Austin, Los Angeles, Washington, D.C., and Arlington. - Amazon plans to expand more than 20 additional cities—including major metropolitan areas like San Francisco, Miami, Chicago, and New York City—so customers can access care where and when they need it
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Medable Launches Decentralized Clinical Trials Partner Network

by Fred Pennic 02/08/2022 Leave a Comment

Medable Launches Decentralized Clinical Trials Partner Network

What You Should Know: - Medable Inc., a Palo Alto, CA-based provider for patient-centered clinical trials, today launched the Medable Partner Network – uniting a diverse ecosystem of technology, service, data, site, and direct-to-patient partners that work together to accelerate deployment of decentralized clinical trials. - The network includes new partnerships with Advanced Clinical, Cognizant, and CVS, and expanded relationships with Datavant, Oracle, Parexel, PPD, part of
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Lucira Health Secures $80M to Expand COVID-19 Test Kit

by Fred Pennic 02/08/2022 Leave a Comment

Lucira Health Secures $80M to Expand COVID-19 Test Kit

What You Should Know: - Lucira Health, Inc. (Nasdaq: LHDX), a medical technology company focused on the development and commercialization of transformative and innovative infectious disease test kits, today announced it has secured a debt facility of up to $80M with Hercules Capital, Inc. and Silicon Valley Bank. - Lucira's COVID-19 testing platform produces lab-quality molecular testing in a single-use, consumer-friendly, palm-size test kit powered by two AA batteries. The FDA EUA
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C2i Genomics, Twist Bioscience Partner to Develop Whole-Genome Cancer Reference Materials

by Jasmine Pennic 02/08/2022 Leave a Comment

Cedars-Sinai Cancer Launches ‘Molecular Twin’ Initiative to Advance Precision Cancer Treatment

What You Should Know: - Today, Twist Bioscience and cancer genomics startup C2i Genomics announced a partnership to develop whole-genome cancer reference materials. - This resource will provide diagnostic labs around the globe with the ability to better validate and monitor the quality of their whole-genome cancer screening and minimal residual disease (MRD) products for more accurate cancer detection.  C2i to integrate Twist’s library preparation kits into minimal residual
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Koda Health Raises $3.5M to Expand Advance Directives Platform

by Fred Pennic 02/07/2022 Leave a Comment

Koda Health Raises $3.5M to Expand Advance Directives Platform

What You Should Know: - Koda Health, a Houston, TX-based advance directives platform empowering patients to take control of their healthcare journey raises $3.5M in seed funding led by Ecliptic Capital alongside participation from Headwater Ventures, Sigmas Capital, CRCM, and a number of angel investors. The funding will be used to double the size of Koda's team over the next six months and expand operations to all 50 states.  - Most commonly found Advance Directives are not detailed
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