Nokia has announced plans to acquire Withings, the Frenchh-based connected health company with a family of digital health products including fitness bands, sleep-trackers, thermometers, watches and scales for for €170 million ($191 million) in cash. The acquisition is expected to close in early Q3, 2016 subject to regulatory approvals and customary closing conditions. The acquisition marks Nokia's official entry into the digital health market to help boost its ongoing renewal of Nokia
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Startups| Digital Health | | Health IT News, Analysis, Insights - HIT Consultant
AMA, IDEA Labs To Support Medical Technology Development for Young Entrepreneurs
The American Medical Association (AMA) has teamed up with IDEA Labs, a student-run biotechnology incubator to support medical technology development from the next generation of young entrepreneurs studying at Washington University in St. Louis, Harvard University, Massachusetts Institute of Technology, University of Pennsylvania and University of Minnesota. Working together with IDEA Labs furthers the AMA mission by providing physicians nationwide with additional opportunities to shape the
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HealthVerity Raises $7.1M to Unlock the Value of Patient Data
HealthVerity, a provider of technologies and software tools for the discovery and integration of optimal patient data sets has announced $7.1M in funding led by Flare Capital Partners and Greycroft Partners with participation from additional strategic healthcare investors. The Philadelphia-based startup will utilize the funding to accelerate the development of its privacy and data interoperability technologies.Founded in 2014, HealthVerity seeking to enhance patient insights from existing and
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EverlyWell Raises $2.5M for At-Home Diagnostic Tests
Digital health startup EverlyWell, today announced it has raised $2.5 million in seed funding to expand its suite of regulatory-compliant at-home diagnostic tests. The Austin, TX-based startup is transforming traditional health testing by providing consumers with convenient access to tests and easy-to-read results. The company's e-commerce platform enables customers to buy a variety of test kits online, easily collect their sample at home, and get informative results at their fingertips.
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StartUp Health Launches ‘Longevity Moonshot’ to Change Face of Aging
StartUp Health, a New York-based global entrepreneurship development company for Healthcare Transformers, today announced the launch of StartUp Health’s Longevity Moonshot, a mission to extend and enhance healthy life by 50+ years and change the face of aging. Building off its participation in the White House Cancer Moonshot and The Cancer Moonshot 2020, the Longevity Moonshot is the first moonshot of focus that StartUp Health is organizing for its community of Healthcare Transformers.
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Health IT VC Funding Tops $1.4B in Q1 2016: 10 Things to Know
Health IT VC funding increased 27 percent quarter over quarter (QoQ), coming in at $1.4 billion in 146 deals compared to $1.1 billion in 145 deals in Q4 2015, according to a new Mercom Capital Group report. The report highlights 615 companies funding and mergers and acquisitions (M&A) activity for the Healthcare Information Technology (IT) / Digital Health sector for the first quarter of 2016. Here are ten key things to know: 1. Healthcare practice-centric companies received 42 percent of
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Livongo Health Pulls In $45M to Expand Diabetes Management
Livongo Health, a consumer digital health company that is empowering people with chronic diseases to live better has raised $44.5 million in Series C funding from investors including Merck Global Health Innovation Fund; Cowen Private Investments; Sapphire Ventures; Zaffre Investments, the investment arm of Blue Cross Blue Shield of Massachusetts; Wanxiang America Corporation. Existing investors General Catalyst, Kleiner Perkins Caufield & Byers (KPCB), DFJ, and 7wire Ventures. also
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Mobile Engagement Provider mPulse Mobile Raises $13M in Oversubscribed Round
mPulse Mobile, a mobile engagement solution provider that spun out of the healthcare division of mobileStorm has raised $13 million in Series A funding. Less than a year since the company’s founding, the latest financial investment in mPulse Mobile, from partners Cambia Health Solutions (Cambia) and Rincon Venture Partners, brings the total amount raised to more than $13M, oversubscribing and closing the Series A round. In January, the company announced it secured $10M in its first close of
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Bright Health Nabs $80M for Tech-Enabled Consumer Insurance Plans
Bright Health, a new health insurance startup co-founded by industry veterans, including former CEO of UnitedHealthcare has raised $80 million in Series A funding led by Bessemer Venture Partners and New Enterprise Associates (NEA), with participation by Flare Capital Partners and others. The startup will utilize the funding to expand its nationwide rollout to the individual health insurance marketplace. The startup is led by Bob Sheehy, former CEO of UnitedHealthcare; Kyle Rolfing, co-founder
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Sunquest Acquires GeneInsight: 5 Things to Know
Sunquest Information Systems Inc. has announced the acquisition of GeneInsight Inc., an IT company that streamlines the analysis, interpretation and reporting of complex genetic tests. Since first partnering with GeneInsight, Sunquest has advanced the precision medicine capabilities of GeneInsight, including the addition of a filtration algorithm that allows users to pare down long lists of variants gleaned from the whole-genome and whole-exome sequencing tests and more quickly identify and
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