Silicon Valley-based healthcare data platform company Innovaccer, announced that is has closed $35 million in Series B funding, led by Microsoft’s investment arm M12 (formerly known as Microsoft Ventures), Westbridge Capital with participation from Lightspeed Ventures. The latest round brings the total capital raised by Innovaccer to $51 million. Founded in 2014, Innovaccer Inc. is on a mission to drive efficiency in healthcare by unleashing the power of data. Its leading healthcare data
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Startups| Digital Health | | Health IT News, Analysis, Insights - HIT Consultant
PerfectServe Acquires Secure Communication Platform Telmediq
PerfectServe, a provider of cloud-based clinical communication and collaboration (CC&C) solutions, announced the acquisition of secure communications platform Telmediq . The combined power of PerfectServe and Telmediq to connect physicians and nurses across the healthcare continuum creates a clear choice for healthcare organizations looking for a wide-ranging care team collaboration functionality, higher service levels and the latest advancements in technology. Telmediq unifies
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California Health Care Foundation Invests in Nomad Health to Optimize Online Marketplace
Nomad Health, the first online marketplace for healthcare jobs, today announced that they have received an investment from the California Health Care Foundation (CHCF). CHCF is providing funding through its Health Innovation Fund, which has previously invested in a number of breakthrough healthcare companies, including Quartet Health, Landmark Health, Omada Health, and Propeller Health. As a partner, CHCF will leverage its relationships with healthcare organizations across the state to help
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Definitive Healthcare Acquires HIMSS Analytics’ Data Services Business
Definitive Healthcare, a provider of data, intelligence, and analytics on the healthcare provider market, announced today that it has acquired the vendor data services business of HIMSS Analytics, which includes the Logic, Predict, Analyze and custom research products. The acquisition will build on the Definitive's articulated growth strategy to deliver the most reliable and consistent view of healthcare data and analytics available in the market.“HIMSS Analytics has developed an extraordinarily
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Israeli Telehealth Startup TytoCare Extends Series C, Bringing Total Funds to $33.5M
TytoCare, an Israeli-based telehealth company, today announced it has extended its Series C funding to add key strategic investors, bringing the total funds raised to $33.5M. This is an extension of the oversubscribed 2018 round led by Ping An Global Voyager Fund with new investors Shenzhen Capital Group of China, Japan’s Itochu, and Sanford Health of the US.Founded in 2012, TytoCare has three telehealth products: TytoHome™ for consumers, TytoPro™ for professionals, and TytoClinic™ for remote
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2018 Healthcare M&A in Review: 4 Trends Reshaping the Healthcare Landscape
The trend of mergers between large healthcare provider organizations continued in 2018, as the average size in revenue of sellers (defined as the smaller of two organizations in a transaction) reached $409 million, according to Kaufman Hall's new report, 2018 M&A in Review: A New Healthcare Landscape Takes Shape. This is the highest figure seen since Kaufman Hall began tracking this metric in 2008. It also represents a compound annual growth rate (CAGR) of almost 14 percent in the average
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aMoon II Raises $600M Digital Health Fund to Invest in Mid to Late-Stage Companies
Israeli-based health tech and life sciences venture fund aMoon II has raised $600 million from investors and aims to raise up to $750 million by its close in February, Reuters reported. The fund's objective is to generate strong investment returns by partnering with promising mid-late-stage companies in Israel and in select other global centers of healthtech innovation.aMoon II Investment FocusFounded in 2018, aMoon II secured a $250 million investment commitment from Credit Suisse’s asset
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HealthStream Acquires Providigm for $18M in Cash to Drive Quality Outcomes
HealthStream, a provider of workforce and provider solutions for the healthcare industry, today announced that it has acquired Providigm LLC, a Denver-based company focused on quality assurance and performance improvement in healthcare, primarily serving skilled nursing facilities for approximately $18 million in cash. HealthStream adds to its workforce development solutions with a comprehensive quality management system created by Providigm, known as “abaqis,” which is the leading SaaS-based
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Internet of Medical Things (IoMT) Startup Cynerio Raises $7M to Expand Fraud Platform in U.S.
Cynerio, a New York-based provider of medical device and Internet of Medical Things (IoMT) security selections, today announced it has raised $7 million in funding from investors Accelmed, RDC; and MTIP. The company will use the funding to help fuel growth in North America for its 100% healthcare focused cybersecurity platform.Founded in 2017, Cynerio’s IoMT fraud detection platform analyzes the medical workflows in the IoMT ecosystem, to automatically discover all the entities on the network,
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Providence Ventures Closes $150M Fund to Foster Healthcare Innovation
Providence Ventures, the Venture capital arm of Providence St. Joseph Health (PSJH) has announced a second $150 million healthcare venture capital and growth equity fund. Founded in 2014, Providence Ventures manages $300 million in venture capital funds on behalf of Providence St. Joseph Health (PSJH), the nation's third-largest health system. Providence Ventures Second Health Fund Focus AreasProvidence Venture's investment strategy is focused on identifying the best opportunities that align
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