Backed by 15 leading national healthcare companies, Heritage Group, a Nashville-based, healthcare-exclusive, venture capital firm has announced the official closing of its latest Healthcare Innovation Fund at $220 million. The fund exceeded its original fund target by $20M and exceeded its prior Healthcare Innovation Fund by more than $50M. Founded in 1986 as a holding company for the entrepreneurial endeavors, Heritage’s unique VC model allows its strategic investors to actively engage in the
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Startups| Digital Health | | Health IT News, Analysis, Insights - HIT Consultant
Cardiac Insight Lands $2.5M for Portable, Hand-held ECG Device
Cardiac Insight, a University of Washington spinoff focused on developing advanced body-worn sensing for diagnostic testing in cardiology has raised $2.5 million in Series C funding. The company will utilize the funding to accelerate the market penetration of it's CardeaScreen™ product as well as finalize the development of the company’s proprietary wearable sensor technology.Cardea’s flagship product is the CardeaScreen, is a 12-lead electrocardiogram (ECG) exam that helps identify young
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Telehealth Startup WeCounsel Nabs $3.5M to Connect Mental Health Providers
WeCounsel, a HIPAA compliant turnkey telehealth platform that connects mental health providers to clients online has raised $3.5M in Series A funding led by Longmeadow Capital Partners, Point Judith Capital, and CVH Holdings. The company's solution serves as a turnkey virtual office for healthcare providers and businesses, complete with a custom video conferencing experience. We are fortunate to have seen so much success in the marketplace and to have translated that into a major investment from
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Verisk Analytics Unloads Healthcare Services Business for $820M
Verisk Analytics , a data analytics provider serving customers in insurance, energy, healthcare, financial services, government, and risk management and private equity firm Veritas Capital has signed an definitive agreement to acquire Verisk`s healthcare services business for $820M. The company hired Morgan Stanley to sell Verisk Health, its healthcare division back in October 2015, hoping to fetch between $900M to $1.08B from the acquisition. Financial terms of the $820M acquisition consists
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Nokia to Acquire Withings for $191M, Enters Digital Health Market
Nokia has announced plans to acquire Withings, the Frenchh-based connected health company with a family of digital health products including fitness bands, sleep-trackers, thermometers, watches and scales for for €170 million ($191 million) in cash. The acquisition is expected to close in early Q3, 2016 subject to regulatory approvals and customary closing conditions. The acquisition marks Nokia's official entry into the digital health market to help boost its ongoing renewal of Nokia
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AMA, IDEA Labs To Support Medical Technology Development for Young Entrepreneurs
The American Medical Association (AMA) has teamed up with IDEA Labs, a student-run biotechnology incubator to support medical technology development from the next generation of young entrepreneurs studying at Washington University in St. Louis, Harvard University, Massachusetts Institute of Technology, University of Pennsylvania and University of Minnesota. Working together with IDEA Labs furthers the AMA mission by providing physicians nationwide with additional opportunities to shape the
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HealthVerity Raises $7.1M to Unlock the Value of Patient Data
HealthVerity, a provider of technologies and software tools for the discovery and integration of optimal patient data sets has announced $7.1M in funding led by Flare Capital Partners and Greycroft Partners with participation from additional strategic healthcare investors. The Philadelphia-based startup will utilize the funding to accelerate the development of its privacy and data interoperability technologies.Founded in 2014, HealthVerity seeking to enhance patient insights from existing and
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EverlyWell Raises $2.5M for At-Home Diagnostic Tests
Digital health startup EverlyWell, today announced it has raised $2.5 million in seed funding to expand its suite of regulatory-compliant at-home diagnostic tests. The Austin, TX-based startup is transforming traditional health testing by providing consumers with convenient access to tests and easy-to-read results. The company's e-commerce platform enables customers to buy a variety of test kits online, easily collect their sample at home, and get informative results at their fingertips.
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StartUp Health Launches ‘Longevity Moonshot’ to Change Face of Aging
StartUp Health, a New York-based global entrepreneurship development company for Healthcare Transformers, today announced the launch of StartUp Health’s Longevity Moonshot, a mission to extend and enhance healthy life by 50+ years and change the face of aging. Building off its participation in the White House Cancer Moonshot and The Cancer Moonshot 2020, the Longevity Moonshot is the first moonshot of focus that StartUp Health is organizing for its community of Healthcare Transformers.
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Health IT VC Funding Tops $1.4B in Q1 2016: 10 Things to Know
Health IT VC funding increased 27 percent quarter over quarter (QoQ), coming in at $1.4 billion in 146 deals compared to $1.1 billion in 145 deals in Q4 2015, according to a new Mercom Capital Group report. The report highlights 615 companies funding and mergers and acquisitions (M&A) activity for the Healthcare Information Technology (IT) / Digital Health sector for the first quarter of 2016. Here are ten key things to know: 1. Healthcare practice-centric companies received 42 percent of
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