Health IT VC funding reached a total record of $4B in the first half of 2017, representing a 36 percent higher year-over-year, according to a new report from Mercom Capital Group. The latest report finds that there were a total of 90 Healthcare IT M&A transactions, compared to 110 in 1H 2016. M&A activity in the second quarter of 2017 was down with 41 M&A transactions (five disclosed) compared to the 49 M&A transactions (seven disclosed) in Q1 2017.Mercom’s comprehensive report
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Startups| Digital Health | | Health IT News, Analysis, Insights - HIT Consultant
Availity Raises $200M to Fund Future M&A, Strategic Opportunities
Availity, provider of health information networks has closed a five year $200 million senior secured revolving credit facility, which allows for an additional $100 million of capacity when exercised. The debt financing will be used to fund future M&A and other strategic opportunities. “Over the past 18 months we have evaluated or observed a significant number of strategic opportunities and we do not expect this trend to abate in the foreseeable future. We now have increased flexibility to
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Teladoc Completes Acquisition of Best Doctors
Telehealth platform Teladoc has announced the completion of its acquisition of Best Doctors, the world’s leading expert medical consultation company focused on improving health outcomes for the most complex, critical and costly medical issues. With its newly acquired global footprint, network of more than 50,000 medical experts, and unmatched reputation for delivering quality outcomes, Teladoc is prepared to deliver on its vision to provide a central, trusted source for patients to get
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Bright.md Lands $8M for Virtual Physician Assistant, Partners with Adventist Health System
Bright.md, a Portland, Oregon-based developer of a virtual care solution to improve efficiencies and reduce costs in the delivery of care for non-acute conditions has raised $8 million in Series B funding round led by B Capital Group with participation from existing investor Seven Peaks Ventures. The funding will support continued market development for SmartExam, Bright.md’s cloud-based artificial intelligence (AI) software, including new implementations of healthcare delivery systems,
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iBeat Extends Seed Round to $4.5M for Wearable Heart Monitoring Smartwatch
iBeat, makers of the heart monitoring smartwatch wearable that perpetually monitors and detects cardiac arrest, heart attack, and atrial fibrillation has closed an additional $3.5M of funding, bringing its total seed stage funding total to $4.5 million. New investors include WTI, SV Tech Ventures, Lee Equity, and renowned entrepreneurs and angel investors Michael Rubin, Mark Burg, and Harald Ludwig. iBeat plans to use the additional funds to begin clinical testing, refine its sales and marketing
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Led by BlueCross BlueShield, Healthify Raises $6.5M for Social Determinants Management Platform
Healthify, a NYC-based community referral and social determinants management platform, closed a $6.5m Series A funding round led by BlueCross BlueShield Venture Partners (BCBSVP). The round also included participation from existing investors Primary Venture Partners (PVP) and Activate Venture Partners (AVP).Healthify will use the funds from the financing to expand its care coordination product suite and grow its network of customers and social service partners. To date, Healthify has raised over
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Mendel.ai Raises $2M to Launch AI-Powered Medical Matching Service
Mendel.ai, a San Francisco-based startup has raised $2 million in seed funding co-led by DCM Ventures and Bootstrap Lab to launch a new artificial intelligence engine for doctors. The company has developed a new artificial intelligence engine that enables doctors and patients to more quickly find the best diagnostic and treatment methods available for their patients’ medical conditions.Founded by Dr. Karim Galil, Mendel.ai has developed a sophisticated algorithm that understands the
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Novo Nordisk & Glooko Launch Integrated Diabetes Management App
Novo Nordisk and Glooko has announced the launch of their new integrated diabetes management app, Cornerstones4Care (C4C app) for patients. The C4C mobile app integrates Novo Nordisk's extensive knowledge of diabetes and personalized patient support with Glooko's digital platform and data analytics expertise. Cornerstones4Care Powered by Glooko AppThe integrated app concept will initially enable people with diabetes to easily measure and track their blood glucose, activity and meals all in one
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Wellframe Lands $15M to Expand Mobile-Enabled Care Management Platform
Wellframe, a Boston, MA-based mobile-enabled care management solution provider has raised $15 million in Series B funding led by F-Prime Capital, with participation from existing investors including DFJ. The company plans to utilize the funding to develop their care management platform and expand its business reach. The latest round brings total funds raised by the company to $25 million.Founded in 2011, Wellframe enables leading health plans and at-risk providers to better leverage their care
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Solera Health Raises $18.3M to Expand Integrated Chronic Disease Prevention Services
Solera Health, a technology-enabled personalized preventive health network has raised $18.3 million in Series B funding led by Adams Street Partners. Existing strategic investors Blue Cross Blue Shield Venture Partners, Sandbox Industries and social impact fund SJF Ventures also participated in the round. The latest round brings the company’s total capital raised to $30.3 million.Solera plans to use the funding to meet market demand for the Medicare DPP benefit in addition to expanding its
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