What You Should Know:
- Today, former Livongo executive Dr. Kimon Angelides announced the launch of FemTec Health, a women's health sciences and beauty company with $38M in funding focused on using technology and data to transform the total healthcare experience for women.
- Investors, capital and shareholders include Longmont Capital, Ithaca LifeSciences, Unilever Ventures, Estee Lauder, Shiseido, e.Ventures, Viking Global, and Trinity Capital with more than $38M raised to date.
Read More
Digital Health | News, Analysis, Insights - HIT Consultant
Hinge Health Reaches $6.2B Valuation with $600M for Digital Musculoskeletal Care Solution
What You Should Know:
- Hinge Health, a San Francisco, CA-based digital musculoskeletal (MSK) solution, today announced $400 million Series E financing led by Tiger Global and Coatue Management with Alkeon and Whale Rock acquiring ownership as part of a $200 million secondary investment. At a $6.2 billion-dollar valuation, Hinge Health is now one of the most valuable companies in digital health.
- Hinge Health reduces MSK pain, surgeries, and opioid use by pairing advanced wearable
Read More
Bayer, One Drop Launches AI-Enabled Cardiovascular Disease Prevention Solution
What You Should Know:
- One Drop, an AI powered chronic condition management platform, and pharma giant Bayer - their strategic partner/investor released their co-developed digital, AI-enabled, cardiovascular disease (CVD) prevention module.
- The digital-first approach to CVD prevention provides a holistic set of digital tools and coaching placing One Drop members on a healthier path by personalizing care, gathering data, and
Read More
NorthShore Integrates with TytoCare to Expand Telehealth Offerings
What You Should Know:
- NorthShore University HealthSystem, today announced a new partnership with on-demand, remote medical exam provider TytoCare to expand its telehealth offerings. In May 2021, NorthShore launched an initial pilot with over 280 NorthShore employees that offered them Immediate Care with the TytoCare device and platform. The pilot exceeded target goals and allowed NorthShore employees to share their feedback to help shape the future of NorthShore patient care and refine the
Read More
Healthcare SPAC Deep Medicine Acquisition Announces Pricing of $110M IPO
What You Should Know:
- Deep Medicine Acquisition Corp. (the “Company”), a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses announced today that it priced its upsized initial public offering of 11,000,000 units at $10.00 per unit.
- The units are expected to be listed on The Nasdaq Global Market (“Nasdaq”) and trade under the ticker
Read More
Medable Secures $304M at $2.1B Valuation for Decentralized Clinical Trials Platform
What You Should Know:
- Decentralized Clinical Trials (DCT) leader Medable, today announced a $304M Series D funding round today – the company’s largest and fourth funding round in 18 months, bringing total capital raised to $521M – and valuation to $2B+. The funding round was co-led by new investors Blackstone Growth and Tiger Global and existing investor GSR Ventures. The round also includes follow-on investment from existing investors Sapphire
Read More
Brave Health Raises $10M for Virtual Behavioral Health for Medicaid
What You Should Know:
- Brave Health, a Miami-based virtual behavioral health provider for Medicaid, today announced it has closed a $10M Series B round ($20.75M in total) led by City Light Capital, Union Square Ventures and Able Partners, bringing its total funding to $20.75M.
- Today, access to basic behavioral health services for the nation’s most vulnerable populations is a public health crisis. The percentage of psychiatrists accepting
Read More
Arine Raises $11M to Scale AI-Driven Medication Optimization Platform
What You Should Know:
- Arine, a San Francisco-based AI-driven platform that optimizes medication management, reduces costs and improves outcomes for health plans and providers today announced that it closed $11 million in an oversubscribed Series A round co-led by 111° West Capital Partners and Katalyst Ventures, with strategic investments from Magellan Health Inc. and SCAN Group.
- Medication mismanagement unnecessarily costs healthcare $1 in every $6 spent. Arine optimizes
Read More
Amazon Brings Alexa to Senior Living Communities and Health Systems
What You Should Know:
- Today, Amazon announced two new solutions, as part of Alexa Smart Properties that will enable senior living communities and healthcare providers to integrate Alexa into their properties to empower residents and patients to stay connected, informed and entertained, just by asking Alexa.
- Designed specifically for the needs of senior living communities and healthcare facilities, Alexa Smart Properties simplifies deploying and managing
Read More
23andMe Acquires Lemonaid Health for $400M – Health M&A
What You Should Know:
- Consumer genetics and research company 23andMe, today announced a definitive merger agreement with Lemonaid Health, Inc., an on-demand platform for accessing medical care and pharmacy services online.
- As part of the merger agreement, 23andMe acquired Lemonaid Health for $400M, of which 25% will be paid in cash and 75% in shares of 23andMe Class A Common Stock. The acquisition is expected to close by the end of 2021.
- The acquisition adds Lemonaid Health’s
Read More
