Pharmacy giant Pfizer has invested $9 million in AMRA, a Swedish digital health firm that transforms MR images into precise body composition measurements through its venture capital arm, Pfizer Venture Investments (PVI) co-led by Novo Seeds with participation from Industrifonden. The company plans to utilize the funding to further build its global presence and grow its network among researchers and pharmaceutical companies.Additionally, it has plans to establish a US subsidiary and expand its
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Startups| Digital Health | | Health IT News, Analysis, Insights - HIT Consultant
New York Digital Health Accelerator Showcases 6 Digital Health Startups at Demo Day
On Tuesday, the New York Digital Health Accelerator (NYDHA) – a five month program showcased six early and growth-stage digital health startups for healthcare providers and patients in the areas of care coordination, patient engagement, and workflow improvement. Each startup received $100k in up-front funding per company from a syndicate of leading venture capital and strategic investors.The Demo Day event marks the culmination of the five month program run by the Partnership Fund for New York
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Former Epic Engineers Raises $9M for EHR Integration API to Support Health IT Interoperability
Redox, an EHR integration API platform for developers and healthcare organizations has raised $9 million in Series B funding led by RRE Ventures with participation from existing investors .406 Ventures, HealthX Ventures, and Flybridge Capital Partners. The Madison, WI-based company plans to utilize the latest round of funding to accelerate its product roadmap along the way to building the industry standard platform for seamless interoperability between health technology developers and health
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GetWellNetwork Acquires Mobile Patient Platform Seamless Medical Systems
GetWellNetwork®, Inc., a provider of Interactive Patient Care™ (IPC) solutions has acquired Santa Fe, New Mexico-based Seamless Medical Systems. The acquisition of Seamless extends GetWellNetwork's fully integrated cross-continuum patient engagement platform to more than 150 clinics nationwide. Financial details of the acquisition were not disclosed. Founded in 2011, Seamless Medical Systems streamlines the patient journey through integrated digital patient intake and communications solutions
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Clinical Research IO Lands $1.6M for Clinical Trials Platform
Clinical Research IO (CRIO), a Cambridge-based digital health startup has raised $1.6 million in seed funding to further develop its e-source system for clinical research sites led by NXT Ventures and Rally Ventures. The latest round follows the company's first seed round of $800k. The round also included investments from its officers, a group of angel investors, and a number of industry investors, including several early customers. Sankesh Abbhi, a clinical research entrepreneur, is among the
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Health IT VC Funding Tops $5.6B in 2016: 10 Things to Know
Health IT VC funding set a new milestone in 2016 as it eclipsed $5 billion in 622 deals, compared to $4.6 billion raised in 2015 in 574 deals, according to that latest report from Mercom Capital Group. The report finds that total corporate funding in health IT companies - including debt and public market financing (plus IPOs) from a total of 1,115 investors (including accelerators/incubators) - came to $5.6 billion in 2016, a drop of 30 percent compared to $8 billion in 2015.Since 2010, the
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Clearwater Clinical Nabs $6M for Clinically Validated iPad Audiometer
Clearwater Clinical Limited, a provider of medical-grade mobile devices and cloud-based data management solutions for the hearing health industry has raised $6 million in Series A funding led by Whitecap Venture Partners. Whitecap Venture Partners will work closely with Clearwater Clinical on a number of strategic initiatives including product development, go to market programs, and future financing strategy. BDC Capital Healthcare Venture Fund also participated in the round, and along with
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StartUp Health, Allianz Partner to Co-develop Custom Healthcare Innovation Portfolio
StartUp Health, a global entrepreneurship development company for Healthcare Transformers, today announced a three-year partnership with global insurance provider Allianz to co-develop a Custom Innovation Portfolio of at least two dozen companies. Over the next three years through strategic calls for innovations, both companies will focus on solutions to critical health issues on individual, community and global levels.Specific themes for the Portfolio will be later announced after a Call for
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PeraHealth Raises $14M for Predictive, Real-Time Clinical Surveillance
PeraHealth, a Charlotte, NC based provider of predictive, real-time clinical surveillance solutions has raised $14 million in funding from Mainsail Partners, a growth equity firm. As the healthcare industry progresses toward value-based care, high costs surrounding chronic diseases and infections continue to escalate. For example, sepsis kills 258,000 people in the U.S. every year and costs the U.S. healthcare system nearly $24 billion annually, according to the Sepsis Alliance. PeraHealth is
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Endotronix Nabs $12M to Expand Wireless Pulmonary Artery Sensor
Endotronix, Inc., a digital health medtech company providing innovative solutions for patients with advanced heart failure, today announced that it has entered into a $12 million term loan agreement with Silicon Valley Bank (SVB). The financing comes after a successful $32 million Series C round last July that included BioVentures Investors, SV Life Sciences (SVLS), Lumira Capital, Aperture Venture Partners, OSF Ventures, existing investors, and a corporate strategic investor. The startup plans
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