What You Should Know:
Life sciences investment firm OrbiMed announced $3.5 billion in commitments for its latest private investment funds, including $1.5 billion for OrbiMed Private Investments VIII, $800 million for OrbiMed Asia Partners IV, and $1.2 billion for OrbiMed Royalty & Credit Opportunities III.
The three new funds include a broad range of medical institutions, university endowments, foundations, pension funds and sovereign wealth funds.
- OrbiMed Private Investments
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Startups| Digital Health | | Health IT News, Analysis, Insights - HIT Consultant
Innovaccer Reaches $1.3B Valuation, Launches Health Cloud Platform
What You Should Know:
- Innovaccer closes Series D round of growth capital bringing Innovaccer at a total valuation of $1.3 billion.
- In addition, the company has launched the Innovaccer Health Cloud, a platform as a service that combines the company’s Data Activation Platform and application suite with an extensive set of platform services and tools that allow customers and partners to easily develop interoperable applications that improve patient outcomes and lower
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Canadian-Based EMR MEDFAR Raises $25M to Expand Into North America
What You Should Know:
- MEDFAR Clinical Solutions, a Montreal-based Electronic Medical Record (EMR) provider in Canada, announced today a minority investment of nearly $25 million led by Walter Capital Partners.
- MEDFAR’s cloud-based EMR solutions, MYLE and PLEXIA, are built with physicians in mind. MEDFAR R&D is performed in partnership with doctors and healthcare administration and is driven by our clients' needs.
- The MYLE EMR, tailored to general practitioners,
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Seed Health Acquires Auggi’s Stool Recognition AI Tech & Algorithms
What You Should Know:
- Seed Healthv, a microbial sciences company, announced the acquisition of Auggi, a digital health company with a suite of artificial intelligence and machine learning technologies to track and analyze digestive health.
- As part of the acquisition, Seed Health will acquire Auggi's technology assets, including its AI algorithm for real-time Bristol stool typing, the world's largest stool image database, and a mobile monitoring application for clinical research.
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Modern Health Raises $74M Reaching $1.17B Valuation for Mental Health & Wellness Platform
What You Should Know:
- Modern Health raises an additional $74M in Series D funding, now valuing the company at $1.17 billion.
- Modern Health’s comprehensive mental health and wellness platform combines the WHO well-being assessment, self-service wellness kits, a global network of certified coaches, and licensed therapists available in 35 languages all available in a single app.
Modern Health, the mental health and wellness platform supporting 220+ enterprises globally, today
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Zocdoc Raises $150M to Accelerate Digital Healthcare Marketplace
What You Should Know:
- Zocdoc, the country's leading digital healthcare marketplace, today announced $150 million in growth financing from Francisco Partners.
- The funding follows Zocdoc’s successful transition to a fee-per-booking model, which has dramatically fueled its expansion into telehealth, vaccine scheduling, and national television advertising. The company has quickly become one of the country's largest telehealth platforms, with more than 10,000 providers offering nearly one
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RapidSOS Secures $85M to Scale Emergency Response Data Platform
What You Should Know:
- RapidSOS, NYC-based digital health announced it has raised $85M in Series C funding led by Insight Partners, bringing the company’s total funding to $200M
- Founded in 2012, RapidSOS has created the world's first emergency response data platform that securely links life-saving data from 350M+ connected devices to emergency services and first responders. Through the platform, RapidSOS provides intelligent data that supports over 4,800 Emergency Communications Centers
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Theator Nabs $15.5M to Scale AI-Driven Surgical Intelligence Platform
What You Should Know:
- Theator raises $15.5M in Series A funding to support the company’s mission of using AI and computer vision to eradicate disparity and variability in surgical care.
- The startup plans to use this round to scale its commercial operations and partnerships with U.S. providers, grow its R&D team and cement its status as a world-leading provider of AI-powered Surgical Intelligence solutions.
Theator, a Palto Alto,
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SPAC Compute Health Acquisition Prices $750M IPO, Led by Intel Chairman
What You Should Know:
- Compute Health Acquisition, a SPAC company targeting the intersection of computation and healthcare announced the pricing of its $750M initial public offering (IPO) by offering 75 million units at $10.
Compute Health Acquisition Corp. (the “Company”), a SPAC “blank check” company announced today that it priced its initial public offering of 75,000,000 units at $10.00 per unit. The units will be listed on The New York Stock Exchange (“NYSE”) and trade under the
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UPMC Spinout Astrata Launches NLP Platform to Improve Value-Based Care
What You Should Know:
- UPMC spinout company Astrata launches a natural language processing (NLP) technology platform that allows health insurers to more efficiently analyze unstructured clinical data.
UPMC Enterprises, the innovation and commercialization arm of UPMC has incubated and launched Astrata, a digital healthcare quality company. Astrata uses advanced analytics and natural language processing (NLP) to improve value-based care.
Founded by Rebecca Jacobson, M.D., M.S. Astrata
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