What You Should Know:
- Google is eliminating its health division after VP, David Feinberg, MD, joins Cerner as its newest President and CEO, according to an internal memo, Insider first reports. In an internal memo sent by Jeff Dean, head of Google’s research division to employees stated Google Health will no longer function as a unit. Formed in 2018, Google Heath which included artificial-intelligence research teams Google Brain and DeepMind, as well as health teams from Nest Labs, the
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Cerner Appoints Dr. David Feinberg as New President & CEO
What You Should Know:
Today, Cerner announced that its Board of Directors has appointed Dr. David Feinberg as its new President and Chief Executive Officer, effective Oct. 1. Dr. Feinberg succeeds Brent Shafer, who previously announced his decision to transition from chairman and CEO.
- Dr. Feinberg will serve as a member of the Board of Directors. Cerner’s current President, Donald Trigg, will leave Cerner. Cerner’s Board of Directors also announced that it will separate the roles of
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Nordic Capital and Insights Partners Acquires Inovalon for $7.3B
What You Should Know:
- Inovalon, a provider of cloud-based platforms empowering data-driven healthcare, today announced that it has entered into a definitive agreement to be acquired by an equity consortium led by Nordic Capital, and joined by Insight Partners, as lead co-investor, 22C Capital for $7.3 billion in cash.
- Under the terms of the agreement, Inovalon stockholders will receive $41.00 per share in cash for each share of Class A Common Stock or Class B Common Stock, representing
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Streamline Health Acquires RCM Consulting Firm Avelead for $20M
What You Should Know:
- Streamline Health Solutions, Inc., a provider of the eValuator Revenue Integrity Program to help healthcare providers proactively address revenue leakage and compliance exposure, announced the acquisition of Avelead Consulting, LLC (“Avelead”), a provider of solutions and services to improve revenue integrity for healthcare providers.
- Financial terms of the acquisition include closing cash and stock consideration valued at $20M, subject to
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5-Step Guide to Hiring AI Talent for Digital Health, Biotech & Life Sciences Companies
Artificial Intelligence (AI) will disrupt healthcare's destiny for good. Here are five steps digital health startups can take to find the premier talent to get the job done.
Not too long ago, AI was the topic of futuristic movies. What was once a fictional draw at the Box Office is now a reality in offices worldwide. AI is everywhere and rapidly transforming the way we work. What remains scarce though is the technical talent in healthcare to see this tech revolution through.
AI
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Verily Acquires Clinical Trials Management Platform SignalPath, Marks First Acquisition
What You Should Know:
Verily, an Alphabet company announced an agreement to acquire SignalPath, a Raleigh, NC-based clinical trial management system (CTMS) that improves the ease, quality and efficiency of conducting clinical research at study sites. Financial details of the acquisition were not disclosed.
- The acquisition marks Verily’s first major acquisition that will strengthen and expand Verily’s existing clinical trial system and evidence generation platform, known as Baseline. The
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Unite Us Acquires Health Analytics Platform Carrot Health
What You Should Know:
- Unite Us, a New York City-based company connecting health and social care services, today announced the acquisition of Carrot Health, an action-oriented health analytics company focused on removing barriers to health and optimizing care. Financial details of the acquisition were not disclosed.
- The combination of predictive analytics powerhouse Carrot Health and Unite Us’ end-to-end social determinants of health products will further deepen
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Sharecare Acquires On-Demand Home Health Platform CareLinx for $65M
What You Should Know:
- Sharecare today announced its official entry into the home health market with the acquisition of CareLinx , an on-demand home health platform of tech-enabled care providers from Europ Assistance, one of the largest global assistance companies. Under the terms of the agreement, the acquisition is valued at approximately $65M, consisting of $54.6M in cash and $10.4M in Sharecare common stock. The acquisition marks Sharecare’s 18th acquisition since 2010.
- The
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Olive Enters Clearinghouse Market with Acquisition of Healthcare IP
What You Should Know:
- Olive, a healthcare automation company today announced the acquisition of Healthcare IP, an integrated partner of healthcare provider and payer organizations, advocating data transparency and user experience in the revenue cycle. Financial details of the acquisition were not disclosed.
- Healthcare IP is a clearinghouse that has been streamlining payment management since 2013 for top hospitals and health systems across the United States to help manage their
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Nanox Acquires Medical Imaging Platform Zebra Medical Vision for $200M
What You Should Know:
- Nanox, the innovative medical imaging company, today announced the acquisition of Zebra Medical Vision, the deep-learning medical imaging analytics company.
- In a deal valued at up to $200M, the medical imaging pioneers will leverage Zebra-Med’s industry-leading team, cutting-edge AI technology, and cloud capabilities, and unprecedented regulatory framework to form the next-generation Medtech juggernaut.
- Nanox also announced today that it has
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