Groove Health, a Chicago, IL-based digital health startup has raised $1.6 million to help expand its data-driven medication adherence platform for health insurance companies, hospital systems, and self-insured employers. Investors of the seed round were not disclosed.Founded in 2016, Groove Health partners with healthcare enterprises to provide value-added analytical insights and targeted outreach programs that increase medication adherence rates in chronically-ill populations. The company’s
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Startups| Digital Health | | Health IT News, Analysis, Insights - HIT Consultant
Dreamit Health Appoints Adam Dakin As Managing Director of Health
Digital health startup accelerator and venture fund Dreamit Health has appointed Adam Dakin as the new Managing Director of Health. In his new role as Managing Director, Dakin will focus on the development and acceleration of cutting-edge early stage digital health medical startups from around the world.Prior to joining Dreamit, Adam served as CEO of PhotoSonix Medical, a company he co-founded that is developing a consumer device for acne. Previously, he served as the CEO of Bioconnect Systems
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Fruit Street Health Lands $3M to Expand Telehealth Platform for Lifestyle & Obesity Medicine
Fruit Street Health, a NYC-based provider of HIPAA-Compliant telehealth software for lifestyle and obesity medicine has raised $3M in funding led by Dr. Jeremy Tucker, a senior emergency medicine physician who sits on the board of directors of Fruit Street, with participation from other physician investors. The latest round brings the total number of physicians who have invested in the company to over 200.Founded in 2014, Fruit Street provides telehealth software to healthcare providers allowing
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Circulation Raises $10.5M to Expand On-Demand Medical Transportation
Circulation, a Boston, MA-based on-demand provider of non-emergency healthcare transportation has raised $10.5 million in Series A funding co-led by Flare Capital Partners and The Providence Service Corporation. The round also includes participation from Boston Children’s Hospital, Echo Health Ventures (a strategic collaboration of Cambia Health Solutions and Mosaic Health Solutions), Intermountain Healthcare Innovation Fund (a strategic investment vehicle of Intermountain Healthcare, managed by
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PhysIQ Raises $8M to Expand Personalized Physiology Analytics for Patient Insights
PhysIQ, a provider developing solutions that leverage artificial intelligence (AI) to empower digital health for ambulatory patient monitoring and clinical trial support has raised $8 million in Series B funding led by 4490 Ventures. The round also includes participation from Global Health Sciences (GHS) Fund through Quark Venture Inc. and GF Securities, along with existing investor LionBird and others. The company plans to utilize the latest round of funding to support of the commercial launch
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Internet Brands to Acquire WebMD for $2.8B: 5 Things to Know
Internet Brands, a KKR portfolio company has agreed to acquire WebMD Health Corp. for approximately $2.8 billion in cash. The WebMD Health Network includes WebMD.com, Medscape.com, MedicineNet.com, eMedicineHealth.com, RxList.com, OnHealth.com, Medscape Education (Medscape.org) and other WebMD owned sites and apps.Here are five things to know about the deal:1. As part of the acquisition, Internet Brands will pay $66.50 per WebMD share to be paid in cash upon completion of the
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Hinge Health Lands $8M for Digital Care Pathways for MSK Conditions
Digital health startup Hinge Health has raised $8 million in Series A funding led by European VC giant Atomico, with participation from existing seed investors, including Eleven Two Capital and the Vertical Group. The company plans to utilize the funding to expand its existing product offering, covering both chronic lower back and knee pain, to encompass new treatment programs for hip, shoulder, and neck pain. The expansion will position Hinge Health to offer an even greater range of
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bioAffinity Technologies Raises $4M to Early-Stage Cancer Diagnostics
bioAffinity Technologies, a San Antonio, TX-based company advancing early-stage cancer diagnostics and precision therapeutics has raised more than $4 million in Series A funding. The Series A fund reflects its progress toward commercialization in 2018 of the Company’s initial diagnostic product, a non-invasive, early-stage lung cancer test called CyPath® Lung to detect lung cancer in its earliest stages when it is most treatable.The porphyrin-based CyPath® preferentially binds to cancer cells
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Mercom: Healthcare IT Funding Tops Record $4B in First Half of 2017
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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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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