ResMed a medical device company and innovator in sleep-disordered breathing and respiratory care has acquired business management and clinical software applications for the post-acute care Brightree for $800M in cash. This acquisition adds to ResMed's global leadership in connected healthcare solutions. Under the terms of the agreement, ResMed will fund the acquisition primarily with debt. Brightree reported net sales of approximately $113 million and EBITDA of about $43 million in 2015.
On
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Startups| Digital Health | | Health IT News, Analysis, Insights - HIT Consultant
IBM Watson Health to Acquire Truven Health Analytics for $2.6B
IBM Watson Health today announced plans to acquire Truven Health Analytics, a provider of cloud-based healthcare data, analytics and insights for $2.6 billion. The acquisition will boost IBM Watson Health to one of the world’s largest and most diverse collections of health-related data, representing an aggregate of approximately 300 million patient lives acquired from three companies. Through the Watson Health Cloud, healthcare organizations will be able to take previously disparate data sets,
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Bloodbuy Lands $3.75M to Connect Hospitals, Blood Centers Nationwide
Bloodbuy, a health tech company that operates a cloud-based platform connecting hospitals and blood centers nationwide has raised $3.75M in strategic funding round led by Premier Supply Chain Improvement, Inc., an affiliate of Premier, Inc. and St. Joseph Health. The Dallas, TX-based company will utilize the capital to accelerate its integrated network of hospitals and blood centers. As part of the funding deal, Durral Gilbert, President of Premier Supply Chain Improvement, and Nita Stith, Vice
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Healthcare API Platform PokitDok Lands Strategic Investment from McKesson Ventures
McKesson Ventures has made an strategic investment in healthcare API platform startup PokitDok . The financial details of the strategic investment were not disclosed. PokitDok believes the relationship with McKession Ventures will help foster productive innovation in healthcare interoperability. Tom Rodgers, Senior Vice President and Managing Director at McKesson Ventures will join PokitDok as a board observer.
“McKesson is an established provider of enterprise-level healthcare data
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Kaiser Permanente Ventures Pumps $5M in In-Home Care Startup Hometeam
Kaiser Permanente Ventures, the corporate venture capital arm of Kaiser Permanente, has invested $5 million in New York-based in-home care startup Hometeam, bringing its total funding to date to $38.5 million, Fortune first reports. Hometeam transforms the aging experience by providing families expert caregiver matching, custom iPads, and a care team to promote healthy & active days. The capital will be used to accelerate its medical and technology development as it continues to experience
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Protenus Raises $4M to Help Hospitals Protect Patient Privacy in EMR
Baltimore, MD-based Protenus, a provider of privacy protection solutions for EMRs has raised $4 million in Series A funding led by Arthur Ventures. The round also included particpation from LionBird Venture Capital, DreamIt Ventures, Cognosante, TEDCO, and the Baltimore Angels.
Protenus helps hospitals protect patient privacy in the EMR by using advanced analytics to detect HIPAA violations in real-time. The Protenus Privacy-as-a-Service platform consists of both a continuously-learning
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Pfizer, Galvanize Partner to Launch Health & Wellness Innovation Program
Galvanize and Pfizer Consumer Healthcare (PCH) has announced a joint health and wellness innovation program that will enable up to ten startup companies specializing in the development of potential solutions for improved sleep, stress management, energy, aging and nutrition to access Galvanize’s network of technical talent and investors.
The first cohort of companies will be jointly selected by Galvanize and Pfizer Consumer Healthcare for a six-month program beginning on March 7, 2016, that
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Digital Health Accelerator Dreamit Health Lands $325k Grant
Digital health startup accelerator Dreamit Health has received a$325,000 grant from Blackstone Charitable Foundation to accelerate more high-potential digital health startups, strengthening the entrepreneurial ecosystem in Philadelphia. Developed in collaboration with Penn Medicine and Independence Blue Cross (Independence), the grant will also allow Dreamit to expand its high-impact accelerator practices based on the program's previous three years of success.
The funding will also grow the
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Backed by UPMC, Mental Health Startup Lantern Raises $17M
Mental health startup Lantern that provides online programs that provide effective, affordable support for emotional well-being has raised $17M in funding led by Pittsburgh-based UPMC. Other investors in the round included participation from Mayfield Fund, SoftTech Venture Capital andStanford University. As a leading mental health provider and research organization, UPMC will partner with Lantern to leverage its platform within a myriad of clinical settings and conditions.
Proven Approach,
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SwervePay Raises $10M for Text-Based Patient Medical Bill Payment Platform
SwervePay, a cloud-based patient-centric payment platform that empowers patient to pay their medical bills on the go has raised $10 million in funding led by Chicago-based Garland Capital Group. The capital will be used to accelerate its channel partner network and hire additional talent to accelerate growth.
According to Accenture, 98 percent of patients will not use hospital/physician mobile apps and 64% won't use portals(Harris poll). Through SwervePay's portal free platform, Physicians
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