This week, the 2016 Cleveland Medical Hackathon has announced the winners of this year’s competition and the winners of over $40k in prizes held in conjunction with the Cleveland Clinic Medical Innovation Summit. Presented by Nesco Resource, the event brought together over 200 students, developers, designers, investors, engineers, programmers, clinicians, researchers, community members, patient advocates, and public health professionals from across the region, the country, and the world to
Read More
Startups| Digital Health | | Health IT News, Analysis, Insights - HIT Consultant
Vocera Acquires Extension Healthcare for $55M to Expand Mobile Platform
Vocera Communications has acquired Fort Wayne, IN-based Extension Healthcare for approximately $55 million in an all-cash transaction. For Vocera, the acquisition will expand the company's product portfolio, differentiate its competitive position, increase its customer base, and expand it's market reach. Founded in 2009, Extension Healthcare is a provider of clinical, event-driven communication and workflow collaboration software for the hospital environment. Its clinical integration software
Read More
Google Acquires Eye Tracking Startup Eyefluence for VR/AR Focus
Google has acquired Eyefluence, an eye-interaction technology for AR, VR, and MR devices which transforms intent into action through the eyes. Financial terms of the acquisition were not disclosed. To date, the company has raised $21.6 million from Motorola Solutions Venture Capital, with participation from NHN Investment, Dolby Family Ventures, and Jazz Venture Partners. Traditional eye-tracking companies have tried to translate eye movement into a method for control using the same principles
Read More
Axial Healthcare Raises $16.5M for Data-Driven, Predictive Pain Management
Axial Healthcare, Inc., a pain care solutions company has raised $16.5 million in Series B funding led by Oak HC/FT, a venture growth-equity fund investing in healthcare services. 406 Ventures, BlueCross BlueShield Venture Partners, and Sandbox Advantage Fund, also participated in this latest round of financing. The company will utilize the funding to further drive expansion of axial’s suite of pain management capabilities, including a cloud-based, provider decision-support platform for pain
Read More
Propeller Health Lands $21.5M to Modernize Respiratory Disease Management
Propeller Health, a digital solution for respiratory medicine has raised $21.5 million in Series C funding from 3M Ventures, S.R. One, Limited, Hikma Ventures and existing investors Safeguard Scientifics and Social Capital. The round also includes participation from existing investors Safeguard Scientifics and Social Capital. The company plans to utilize the funding to expand Propeller’s FDA-cleared digitally-guided therapy platform. Despite an abundance of effective medications, the burden of
Read More
Heal Lands $26.9M for Mobile On-Demand Doctor House Calls
On-demand doctor house call service provider Heal has raised $26.9 million in Series A funding led by the Tull Investment Group. The round also includes participation from Breyer Capital, Qualcomm executive chairman Paul Jaobs, and Skydance Media chief executive David Ellison, along with early investors Hashtag One and Slow Ventures.Heal plans to utilize the funding to improve its back-end technology and expand its marketing efforts to reach more patients and to bolster its roster of
Read More
Science 37 Raises $31M to Expand Virtual Clinical Trail Model
Science 37, Inc., a LosAngeles-based mobile technology and clinical trial startup that focuses on the development of networked patient-centric models for clinical research has raised $31 million in Series B funding led by Redmile Group. The Series B round also includes participation from Series A lead investors Lux Capital and dRx Capital, as well as a strategic investment from Sanofi Genzyme BioVentures. As part of the strategic investment, Sanofi’s international clinical trial development
Read More
Healthcare IT VC Funding Tops $1.25B in Q3 2016: 10 Trends to Know
Healthcare IT VC funding topped $1.25 billion in 177 deals in Q3 2016 compared to $1.6 billion in 140 deals in Q2 2016, according to the latest report from Mercom Capital Group. The report, Q3 2016 Healthcare IT / Digital Health Funding and M&A Report reveals that overall funding is on pace to eclipse 2015’s total and the trend from last quarter continued as there was again increased funding activity in Healthcare IT outside of the United States, especially in China. Here are ten key trends
Read More
Contessa Health Lands $7M for Evidence-Based Clinical Model
Contessa Health, Inc., a Nashville, TN-based provider of episodic risk arrangements and home hospitalization programs has $7 million in funding led by Noro-Moseley Partners. The round also included participation from existing investors BlueCross BlueShield Venture Partners, Martin Ventures and Sandbox Advantage Fund, as well as new investors, Nashville Capital Network and the Marshfield Clinic Health System. The startup plans to utilize the latest funding round to scale its operations to expand
Read More
Iora Health Nabs $75M to Expand Relationship-Driven Primary Care Clinics
Iora Health, a Boston, MA-based health system that aims to deliver relationship based primary care, raised $75 million in Series D funding led by Singapore-based Temasek. The Series D round also included participation from from existing investors .406 Ventures, Flare Capital Partners, F-Prime Capital, GE Ventures, Khosla Ventures, Polaris Partners, and Rice Management Company. The company plans to utilize the funding to expand into new markets and invest further development of its proprietary
Read More
