Beam Technologies -- a Louisville, KY based data-driven oral digital health startup and creator of the first connected smart toothbrush -- announced today that it has received $5 million in Series A financing from Drive Capital. The funding will be used to accelerate product development and expand the team including moving its headquarters to Columbus, Ohio. The company plans to still maintain their current office in Louisville, KY.
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Practice Fusion Acquires Ringadoc to Expand Into Telemedicine Market
Cloud based EHR provider, Practice Fusion has announced the acquisition of Ringadoc, an innovator of next-generation patient-doctor communication tools. This acquisition gives Practice Fusion a springboard for entry into the telemedicine market, an industry expected to swell to $4.5 billion in 2018. Ringadoc will advance the development of Practice Fusion’s telemedicine platform, which could mean that patients and doctors alike can avoid millions of unnecessary in-person visits each year as well
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SaaS EHR for Behavioral Health Qualifacts Raises Funding to Accelerate Expansion
SaaS EHR for behavioral health Qualifacts raises funding to strengthen market leadership with majority investment from Great Hill Partners.
Qualifacts Systems, Inc., the largest Software-as-a-Service electronic health record (EHR) provider for the behavioral health and human services industries, today announced that it has secured a majority investment from Great Hill Partners, a Boston-based private equity firm with more than $3 billion under management. The recapitalization, which was led
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angelMD Opens Physician Enrollment to Connect with Medical Startups
Today angelMD, an investment marketplace connecting physicians with innovative medical startups seeking capital investments, advisors, and users has announced open enrollment for physicians. Physicians wanting to become members of angelMD will now be able to bypass the waitlist that has been in place since launch.
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Population Health Management Company Lumeris Closes $71M in Funding
Lumeris, a provider of population health management solutions, today announced that it has secured approximately $71 million in financing. The private-funding round includes capital from new and existing investors. Allen & Company LLC served as financial advisors.
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Meet the New York Digital Health Accelerator 2014 Class of 7 Startups
The New York Digital Health Accelerator (NYDHA) has announced their 2014 class of seven early and growth stage digital health companies selected through a competitive process of over one hundred applicants by the executives and 23 healthcare systems.
During the four-month program, participating start-ups will:
- receive direct mentorship by twenty-three leading healthcare organizations, including insurance companies, medical centers and hospital groups
- fine-tune and develop their
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Blueprint Health Reveals 7 New Startups for its Sixth Class
Blueprint Health, a NYC based mentor-focused health technology accelerator, today anounced its sixth class of seven startups. Blueprint is a member of TechStars’ Global Accelerator Network. Below are brief descriptions of each of the 11 companies that just joined the accelerator. Each startup will receive $20k in funding, mentorship from some of the leading players in the provider, payor, and pharma space, office, and more in exchange for 6 percent equity. The program started this week on July
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DreamIt Health Philadelphia Announces Third Cycle of Health Tech Startups
Independence Blue Cross (Independence), Penn Medicine, and DreamIt Ventures today announce the third cycle of nine health-tech startups selected to participate in DreamIt Health Philadelphia 2014. The selected startup teams will participate in a 16-week boot camp from July 21 through November 7 to rapidly achieve key business milestones in building high-growth potential companies. Each team will receive:
- $50,000 in seed capital
- coaching/mentorship from successful tech entrepreneurs
-
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Health IT VC Funding Soars to $1.8B in Q2 2014
Health IT VC funding soared to $1.8 billion in 161 deals in Q2 2014, more than double the $861 million raised in 164 deals in Q1 2014, according to a new Mercom Capital Group report. Ten of those deals were for over $50M each. The $2.6B raised so far this year has already exceeded the $2.2B raised in all of 2013. There were 263 investors that participated in these funding rounds.
Practice-centric companies received 61 percent of all VC investments in Q2 2014, with $1.1B in 61 deals.
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Validic Expands Digital Health Ecosystem by 44% with Infometers Acquisition
Validic, the healthcare industry's premier technology platform for accessing digital and mobile health data, announced today the acquisition of Infometers Inc., a Silicon Valley-based technology company that connects remote healthcare monitoring devices to the healthcare system.
With this acquisition, Validic's digital health ecosystem increases 44% enabling Validic clients – including hospitals, physicians, payers, pharma and wellness companies – greater access to key patient data from
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