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
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Veta Health Apoints CEO, Walgreens Leadership Appointments, Walmart’s New VP, Other Executive Appointments
Veta Health, a global provider of digital solutions for remote patient care and chronic condition monitoring appoints James Sutcliffe as Chief Executive Officer. Sutcliffe will guide the strategic direction of the company with an emphasis on key commercial dynamics. Founders Tanvi Vattikuti Abbhi and Dr. Nora Zetsche will assume the roles of chief strategy officer and chief medical officer, respectively.
Proactive MD appoints Dr. Saria Saccocio, M.D., as its new president, to continue
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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
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Oak Street Health Acquires RubiconMD for $130M – Health M&A
What You Should Know:
- Oak Street Health, Inc., a network of value-based primary care centers for adults on Medicare, today announced it has acquired RubiconMD, the leading technology platform providing access to specialist expertise.
- Motivated by their own experiences within the healthcare system, CEO Gil Addo and President Carlos Reines founded RubiconMD in 2013 to democratize medical expertise by connecting primary care clinicians to top specialists. Through its digital platform,
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15 HLTH 2021 Predictions from Digital Health Executives to Watch
Before HLTH 2021 kicks off in Boston on October 17th, here are 15 predictions from digital health executives to watch:
"The explosion of telehealth will certainly be a hot topic at HLTH. I expect the other trend will be focusing on mental health, especially in the context of the post-Covid era. And of course, we will continue the conversation on interoperability, data, and AI."
“We’re looking forward to hearing about the acceleration of technology-driven performance and accountability
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3 Ways to Address Gender and Racial Bias in Clinical Trials
I have dedicated my career to clinical research and making strides to advance modern medicine. In the work I do as a clinical researcher, we are addressing racial and gender biases that exist today in clinical trials. For example, in cardiovascular disease—my area of study—we know that women’s symptoms present differently than men and yet their symptoms have often gone undiagnosed or dismissed by physicians.
It is well documented that communities of color have historically been mistreated by
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Best Buy Acquires Care-At-Home Platform Current Health – M&A
What You Should Know:
- Best Buy, today announced it has signed an agreement to acquire Boston-based Current Health, an enterprise care-at-home technology platform that brings together remote patient monitoring, telehealth, and patient engagement into a single solution for healthcare organizations. Financial details of the acquisition were not disclosed.
Founded in 2015, Current Health’s enterprise care-at-home platform enables healthcare organizations to deliver high-quality,
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Virgin Pulse to Acquire Welltok to Enhance Health Activation: 5 Things to Know
Virgin Pulse, a global provider of tech-enabled wellbeing solutions, today announced its intent to acquire Denver-based consumer activation company, Welltok, a leader in data analytics-based targeting and multi-channel outreach solutions.
Here are five things to know about the acquisition:
1. The Welltok acquisition will accelerate Virgin Pulse's ability to serve substantially more clients, consumers, patients and members across the full healthcare continuum – employer, health plans
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3 Ways Digital Health is Transforming Decentralized Clinical Trials
Decentralized Clinical Trials (DCTs) have been gaining steam over the last decade, but it was the COVID-19 pandemic that cast its advantages into the limelight. Sponsors benefit by creating efficiencies virtually throughout drug discovery, research, and treatment phases. However, the greatest long-term benefactors will ultimately be the patients.
Many aspects of traditional clinical trials are inconvenient for potential candidates, including the commute distance to trial sites, time
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Flywheel Acquires Radiologics, Raises $22M for Biomedical Research Platform
What You Should Know:
- Flywheel, a biomedical research data management platform, announced the acquisition of St. Louis-based Radiologics. The two organizations’ combined capabilities in imaging research data management and analytics provide the medical research community unrivaled end-to-end research workflow solutions—from open source to global enterprise.
- In addition, the company announced a $22M Series C funding round led by 8VC with participation from investors iSelect, Argonautic
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