In the wake of the Theranos controversy, thousands of consumers were left without a reliable platform for at-home blood testing for chronic illnesses such as Celiac Disease and Rheumatoid Arthritis and other autoimmune diseases.That is why one company decided that they not only needed to make a platform that was accurate but that one where consumers can feel more empowered. imaware, the at-home testing platform for chronic illness and disease, designed by healthcare company Microdrop, has
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Startups| Digital Health | | Health IT News, Analysis, Insights - HIT Consultant
Biolinq Lands $4.75M to Expand Biosensor Patch for Continuous Glucose Monitoring
Biolinq, a San Diego, CA-based digital health company developing a minimally-invasive electrochemical biosensor patch for continuous glucose monitoring (CGM) has raised $4.75 million in Series A funding led by the JDRF T1D Fund, Aphelion Capital and LifeSci Venture Partners. Existing investors in the round include M Ventures and Hikma Ventures, the corporate venture capital arm of Hikma Pharmaceuticals. The latest round brings Biolinq’s total Series A funding to $15 million.Inception of
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Healthcare M&A: How Carestream Will Change Philips Strategy in Imaging Informatics
Earlier this month, Philips Healthcare announced it had signed an agreement to purchase the IT business (HCIS) of Carestream Healthcare for an undisclosed amount. The deal, expected to close in the second half of the year, is one of the largest M&A moves in the imaging informatics market for some time. While it was one of the worst kept secrets in the industry that the owners of Carestream were looking for a buyer, the decision to split off the HCIS business of Carestream was more of a
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Guardant Health to Acquire Cancer Diagnostic Company Bellwether Bio
Precision oncology company Guardant Health, Inc., announced that it
has entered into a definitive agreement to acquire
Seattle-based Bellwether Bio, an
oncology startup developing next generation cancer diagnostics using cell-free
DNA. The acquisition is expected to close in April 2019. Financial terms of the
acquisition were not disclosed.
Bellwether Bio Background
Spun out of the University of Washington in 2016, Bellwether
Bio (formerly known as Haverhill Genetics) is developing
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Digital Prescribing Platform Xealth Raises $11M to Expand Digital Health Tools
Xealth, a Seattle-based digital prescribing platform has raised $11 million in Series A funding from McKesson Ventures, Novartis, Philips, and ResMed. Existing investors Threshold Ventures (formerly DFJ Venture), Providence Ventures, UPMC and Froedtert and the Medical College of Wisconsin health network also participated in the round.Xealth BackgroundSpun out of Providence St. Joseph Health in 2017, Xealth enables clinicians to prescribe and monitor digital healthcare content, apps, devices, and
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CHLA Innovation Studio Launches Gamifying Pediatrics Hackathon
The Innovation Studio at Children’s Hospital Los Angeles (CHLA) is launching the first-ever Gamifying Pediatrics Hackathon taking place April 12-14, 2019 at BCG Digital Ventures (BCGDV), the global corporate venture and incubation arm of the Boston Consulting Group. By bringing together physicians and nurses on the front lines of pediatric medicine with engineers, developers, and experts in virtual reality (VR), augmented reality (AR) and gaming, the Hackathon’s aim is to encourage development,
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The Rule of 40 in Health IT: Should your Company Prioritize Profitability or Growth?
George Bailey, Associate at Healthcare Growth Partners (Left)Laura Gama, Investment Banking Analyst at Healthcare Growth Partners (Right)
Among the venture capital and growth equity community, a common rule of thumb for software companies is the “Rule of 40”. The rule simply states that a healthy software company’s net profitability + revenue growth rate should exceed 40%. This rule provides a guideline to balance the trade-off between revenue growth and profitability, a question many of
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India-based Netmeds Acquires Clinic Management Platform KiViHealth
Netmeds, a Chennai, India-based online pharmacy announced on Monday it has reached an agreement to acquire KiViHealth, an India-based clinic management platform in a cash and stock deal. As part of the agreement, Netmeds will invest $10 million (Rs 70 crore) in KiVi Health to integrate and grow the KiViHealth business segment. The acquisition will help Netmeds to transform into a complete healthcare product and service company.
Founded in 2015 by Bhanu Mahajan and Rajandeep Singh,
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Sharp Transitions Named $100k Winner of 2019 Hearst Health Prize
Hearst Health, in partnership with the Jefferson College of Population Health has namedSharp Transitions as the winner of the 2019 Hearst Health Prize for its home-based palliative care program for patients with advanced and progressive chronic illness who are not ready for hospice care. The $100k annual award was given at the Population Health Colloquium in Philadelphia today in recognition of outstanding achievement in managing/improving population health.
Why Sharp Transitions?
Sharp
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Vixiar Medical Nabs $1.5M to Expand Hand-Held Devices for Cardiac Monitoring
Vixiar Medical, Inc., a Baltimore, Maryland-based company dedicated to the development of non-invasive devices and systems for monitoring cardiopulmonary diseases has raised $1.5 million from new and existing investors. New investors joining in this round included Emerald Development Managers, MMG Opportunities and several individual investors. Existing investors included The Maryland Technology Development Corporation (TEDCO) through its seed fund, the Abell Foundation, individual investors and
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