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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Intermountain and SCL Health Announce Merger to Form 33-Hopsital System
What You Should Know:
- Intermountain Healthcare and SCL Health, two leading nonprofit healthcare organizations, have signed a Letter of Intent to merge and create a model health system that provides high-quality, accessible, and affordable healthcare to more patients and communities in Utah, Idaho, Nevada, Colorado, Montana, and Kansas. The intention is that a definitive agreement will be finalized and signed by the end of 2021.
- The pending merger will employ more than 58,000
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EHR Data Reveals COVID-19 Vaccines Effective in Preventing Hospitalizations, ER Visits
What You Should Know:
- Real world evidence from electronic medical records (EHR) data reveals the COVID-19 vaccines are highly effective at preventing hospitalizations, emergency department visits and intensive care admissions due to the virus, according to a study just published in the New England Journal of Medicine (NEJM).
- The study, “Effectiveness of COVID-19 Vaccines in Preventing Ambulatory and Inpatient Care” analyzes actual data from hospitals around the US and shows
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Invitae Acquires Ciitizen for $325M to Strengthen its Patient-Consented Health Data Platform
What You Should Know:
- Medical genetics company Invitae today announced its $325M acquisition of Ciitizen, a patient-centric consumer health tech company that offers a global platform to help patients collect, organize, store and share their medical records digitally.
- Ciitizen is a patient-centric consumer health technology platform that enables patients to collect, store and share their medical records in a single location. Ciitizen developed proprietary machine learning and AI
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Mayo Clinic, Verily Partner to Develop Clinical Decision Support Solutions
What You Should Know:
- Today, Mayo Clinic and Verily, an Alphabet company announced a strategic two-year collaboration to develop clinical decision support solutions. This modular, evidence-based decision support solution, will provide contextualized and validated knowledge on disease management, care guidelines, and treatment to help clinicians make decisions.
- The clinical decision support tool will be developed based on a broad range of health-relevant data sources, including
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Ginger and Headspace Merge to Form Headspace Health to Support Mental Health
What You Should Know:
-Headspace, a global leader in mindfulness and meditation, and Ginger, a leader in on-demand mental healthcare, today announced they have entered into a definitive agreement to merge.
- The combined entity, Headspace Health, will provide the full spectrum of proven, effective virtual support - from mindfulness and meditation to text-based behavioral health coaching, to video-based therapy and psychiatry - for all types of patient populations (consumers, employees,
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Google Shuts Down Health Division After VP Joins Cerner
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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