Over the past couple of years, there have been around 200 merger and acquisition (M&A) deals in the healthcare IT space, driven by high enterprise value and the sheer size of the industry. 49 deals came together in the first quarter of this year alone. These numbers make health IT the highest performing industry in terms of M&A activity in the consumer and retail space, and the second highest in the infrastructure/industrial space.Between 2018 and 2019, we will see an insatiable need for
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Startups| Digital Health | | Health IT News, Analysis, Insights - HIT Consultant
Healthbox Unveils 2017 Healthbox Studio Cohort to Support Entrepreneurial Innovation
Healthbox, a Chicago-based healthcare innovation services firm, today announced the cohort of the 2017 Healthbox Studio program to support and advance entrepreneurial innovation. The Healthbox Studio is a five-day program dedicated to fostering relationships between emerging digital health startups and industry leaders through presentations, workshops, and mentor sessions from the Healthbox team and other industry leaders.Ten early stage digital health startups are selected from an
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Private Equity Firm Acquires Pharmacy Automation Provider Capsa Healthcare
Levine Leichtman Capital Partners (“LLCP”), a Los Angeles-based private equity firm has acquired Capsa Healthcare, a provider of mobile workstations, medication management products, and pharmacy automation solutions for healthcare settings. Financial terms of the acquisition were not disclosed.Formed through the integration of Capsa Solutions, Rubbermaid Healthcare, and Kirby Lester, Capsa Healthcare develops and manufactures Point-of-Care Workstations, Medication Management Solutions, and
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Boston Children’s Hospital Launch $250k Pediatric Medical Device Challenge
The Innovation and Digital Health Accelerator (IDHA) at Boston Children’s Hospital and the Boston Pediatric Device Consortium (BPDC) has announced the launch of Boston Pediatric Device Strategic Partner Challenge to advance the development of novel pediatric medical device innovations. This national Challenge will award up to $250,000 in grants and access for entrepreneurs and innovators with ideas and inventions that address the need for advances in pediatric medical device development.
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doc.ai Raises $2.3M in Pre-ICO for Blockchain-Enabled NLP for Quantified Biology
doc.ai Incorporated (“doc.ai”), a San Francisco, CA-based digital health startup building an advanced natural language processing technology platform for quantified biology has raised $2.3 million in pre-ICO (initial coin offering) or initial sale of Simple Agreements for Future Tokens ("SAFTs"). A total of ten purchasers acquired SAFTs led by Pantera Capital.The early pre-sale of doc.ai's SAFTs, which are convertible into digital tokens named Neurons ("NRNs"), was limited to existing investors
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DispatchHealth Wins Adventist Health System’s 3rd Annual InnovationX Competition
DispatchHealth has been named the winner of Adventist Health System’s (AHS) third annual InnovationX competition. DispatchHealth presented an in‐home care delivery platform and triage system designed to provide right‐sized care, while addressing the health care needs of the consumer and the access challenges of the at‐risk patient.DispatchHealth is a provider of mobile and virtual health care that works to create an integrated, convenient, high-touch care delivery solution that extends the
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Truveris Raises $25M for Data-Driven Platform to Transform Prescription Benefits Ecosystem
Truveris, a provider of cloud-based data analytics solutions for the prescription benefits industry has raised $25 million in Series D funding led by McKesson Ventures, and included Canaan Partners, New Leaf Venture Partners, Tribeca Venture Partners, and New Atlantic Ventures. The company plans to use the latest round of funding to advance the company’s data and insights capabilities, which help manage rising prescription drug costs.Founded in 2009, Truveris aggregates data and insights from
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Cara Raises $2M for First Precision Medicine App for Digestive Health
Cara, a Berlin-based digital health startup has raised $2 million in seed funding led by Atlantic Labs along with a group of undisclosed angel investors. Known as “poop-tech”, the company has launched the first precision medicine solution for digestive health. In 2016, HiDoc Technologies launched the Cara app with the aim to help people with chronic digestive disorders. Today, more than 20% of the world’s population suffer from the Irritable Bowel Syndrome (IBS), Inflammatory Bowel Disease
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Health Wildcatters Unveils Fifth Class of 9 Health IT Startups
Health Wildcatters, a mentorship-driven healthcare seed accelerator has unveiled nine new health IT companies selected to participate in the 2017 accelerator program. With the addition of these 10 healthcare startups, which comprise Health Wildcatters’ third class, the program’s portfolio totals 32 companies spanning the healthcare spectrum.Each selected health IT startup will participate in the 12 week accelerator program receiving $30k in exchange for 8% equity stake. During the program, the
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ExplORer Surgical Raises $3M to Commercialize Real-Time Surgical Workflow Management Tool
ExplORer Surgical, a Chicago-based startup provider of intraoperative surgical and interventional procedure workflow management and analytics has raised $3M in Series A funding led by Aphelion Capital. The round also included participation from Elliott Management, the University of Chicago, M25 Group, and the Harvard Business School Angels of Chicago. The company plans to utilize the funding to accelerate commercialization of its interactive workflow management platform for surgery that that
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