CareSync, a chronic disease management platform for Medicare has raised $18 million in Series B funding led by Merck Global Health Innovation Fund (Merck GHI), Greycroft Partners and Harbert Venture Partners, as well as existing investors Tullis Health Investors, Clearwell Group, CDH Solutions and Travis Bond. The capital will be used to help expand its workforce and continue to advance its best-in-class technology. Over the next 18 months, the company plans to hire an additional 500
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Startups| Digital Health | | Health IT News, Analysis, Insights - HIT Consultant
GE, StartUp Health Expands Partnership to Focus on Health Payment, Virtual Health Solutions
GE Ventures and StartUp Health, a global health innovation company, today announced the expansion of their partnership to invest in and coach digital health startups focused on health payment and virtual health solutions. The program builds on the success of the GE and StartUp Health Entrepreneurship Program, which launched in 2013 with 15 consumer health companies.
Expanded Partnership Details
As part of the expanded partnership, StartUp Health Academy and GE Ventures will
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Rock Health: Digital Health Funding Tops $3.3B in Q3 2015
Digital health funding has exceed 2014's record breaking year reaching $3.3B representing 30% TTM growth, according to Rock Health, a full-service venture fund dedicated to digital health. In a blog post, Rock Health reported that the average deal size is the largest to date at $15.8M, despite deal flow down 9% compared to 2014. Only 8 digital health companies made up over 50% of the quarter's total funding.
The report produced by Teresa Wang and Rita Rajan with help from Malay Gandhi
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PerfectServe Pulls In $21M to Expand Clinician Secure Messaging Platform
PerfectServe, a secure messaging and collaboration platform for clinicians has raised $21 million in funding led by MemorialCare Innovation Fund (MCIF), a strategic investment fund associated with MemorialCare Health System. Additional investors from the round include incumbent investors CHV Capital, the strategic investment arm of the Indiana University Health System, Piper Jaffray and River Cities Capital Funds, along with new investor Ares Capital Corporation. The funding will accelerate the
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Blueprint Health Showcases 8th Class of Startups in NYC
Blueprint Health, a NYC based mentor-focused health technology accelerator today announced the showcase of their Summer 2015 class of startups at their eight annual Demo Day in NYC. The Summer 2015 Accelerator class is composed of eight new companies solving a diverse set of problems in the healthcare industry from preventing hospital readmissions through geolocation (Position Health) to providing point of service lending to patients with high deductible health
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Kurbo Health, Humana Partner to Offer Mobile Weight Loss Coaching for Kids as Employee Perk
California-based Kurbo Health and Humana Inc., have partnered to offer qualified employers with a Humana health plan will have the option to purchase a twelve-month subscription to Kurbo Health’s mobile health coaching and weight loss program as a wellness benefit for employees’ children starting this month. Previously, insurers provided access to weight loss programs to companies for adult employees, this is the first time a wellness program specifically designed to help an employee’s children
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lifeIMAGE Pulls In $5M for its Medical image Exchange Platform
lifeIMAGE, a medical image exchange platform that enables imaging data interoperability across healthcare networks, providers, patients and technology systems, has received a $5 million strategic investment from Zaffre Investments, LLC, the investment arm of Blue Cross Blue Shield of Massachusetts (BCBSMA). As part of the investment, Zaffre Vice President, Steven J. Fox, will serve as board observer at lifeIMAGE, and will help identify opportunities to connect providers and patients in the
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Teva To Acquire Gecko Health Innovations for its Smart Inhaler
Israeli generic drugmaker Teva Pharmaceuticals Industries Ltd. has reached an agreement to acquire mobile health technology company Gecko Health Innovations, Inc. The acquisition will help strengthen Teva's respiratory capabilities and help reinforce its leadership position in respiratory care. Financial terms of the deal were not disclosed.
CareTRx (formerly GeckoCap) is a cloud-based solution designed to simplify chronic respiratory disease management, connecting patients and caregivers
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CliniCloud Pulls In $5M For Its IoT Medical Home Kit
CliniCloud, the consumer digital health company bringing healthcare home with smart medical devices anyone can use, has raised $5 million in funding led by Tencent and Ping An Ventures. Additionally, CliniCloud announced a retail partnership with Best Buy to sell its first product, a connected medical kit containing a digital stethoscope, a non-contact thermometer and a mobile app that empowers patients to proactively manage their wellness at home in the U.S. and Canada, starting in
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Portea Medical Raises $37.5M to Expand Home Healthcare in India
India-based home healthcare startup Portea Medical has received $37.5 million in Series B funding led by Accel. International Finance Corporation (IFC), a member of the World Bank Group; Qualcomm Ventures and Ventureast also participated in this round. Portea works with leading hospitals, experienced doctors, nurses, diagnostic centers and others to provide in-home healthcare for patients in India & Malaysia.
The company will utilize the capital to scale the company’s expansion in India
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