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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Startups| Digital Health | | Health IT News, Analysis, Insights - HIT Consultant
Modernizing Medicine Raises $38M for Mobile Specialty EMR
Cloud based, specialty-specific EMR provider, Modernizing Medicine announced that it has closed $38 million in Series E funding led by Pentland Group and funds affiliated with Summit Partners and Sands Capital Ventures. Many of the company’s investors are medical specialists who use EMA bringing its total funding to $87M.
The EMR provider currently serving eight different medical specialties, more than 9,000 providers have adopted Modernizing Medicine’s EMA in their practices. Available as
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GLNeuroTech Secures $1.9M for Wearables & Apps For Parkinson’s Disease
Great Lakes NeuroTechnologies (GLNT) has received $1.9 million from the National Institutes of Health (NIH) to improve the efficacy of deep brain stimulation (DBS) programming for Parkinson’s disease (PD) and minimize time required by a clinician to optimize settings. The technology development and commercialization will combine wearable motor symptom sensing and a DBS platform into a single integrated system. Intelligent algorithms for searching settings and selecting optimal
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Zoll Acquires Israeli Wearable Cardiac Monitor Startup for $35M
ZOLL® Medical Corporation, a company that manufactures medical devices and related software solutions has acquired Tel Aviv, Israel-based Kyma Medical Technologies, Ltd. for its wearable remote patient monitoring device for chronic cardiac illnesses. Under the terms of the agreement, ZOLL Medical Corporation will pay $35 million, plus milestone payments based on sales and the incorporation of Kyma technology into future products.
Wearable Cardiac Monitor Overview
Kyma's μ-Cor is an
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Kyruus Raises $25M To Redefine How Patients Get Matched to Providers
Kyruus, a SaaS-based referral coordination platform that helps hospitals optimize patient access and referral management, has raised $25 million in funding to accelerate adoption of its ProviderMatch technology. The funding round was led by New Leaf Venture Partners, with participation from Providence Health & Services, Leerink Capital Partners, andMcKesson Ventures. They were also joined by existing investors Venrock, Highland Capital Partners, Lux Capital, and Fidelity
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6 Startups Selected as Finalists in Mayo Clinic’s THINK BIG Challenge
Six digital health startups have been selected as finalists in the first Mayo Clinic THINK BIG Challenge and will compete on Oct. 1 at Transform 2015 for two $50,000 awards.
Sponsored by Mayo Clinic Center for Innovation (CFI), Mayo Ventures and AVIA Health Innovation, the Mayo Clinic THINK BIG Challenge celebrates innovative ideas in two areas:
- Got Health – promoting health maintenance and prevention
- I Am Not My Disease – helping people with chronic illnesses live better,
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Lumity Nabs $14M to Let Data Optimize Employee Health Plans
Palo Alto, CA-based Lumity, a data driven benefits platform that optimizes employee health plans, announced it has raised $14M in Series A funding led by The Social+Capital Partnership with participation from True Ventures and Rock Health. Through real-time insights and predictive models, Lumity's benefits platform helps employers and employees use data to collaborate on choosing health plans that drive value and fit employee needs. The funding round will be used to help accelerate the rollout
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Omada Health Raises $48M to Help Employers, Health Plans Tackle Chronic Disease
Omada Health, the Andreessen Horowitz-backed digital health company that helps employers and health plans avoid getting diabetes, heart disease, and other chronic conditions, announced today that it has raised $48 million in Series C funding. The round was led by Norwest Venture Partners, including strategic investment from two Omada customers – Humana, Inc. and Providence Health & Services, as well as prior investors US Venture Partners, Andreessen Horowitz, Rock Health and new investors
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Google Capital Pours $32.5M into Insurance Startup Oscar Health
Google Capital has invested $32.5 million in Oscar Health, a health insurance company using technology to make insurance simple, intuitive, and human with a valuation of $1.75B, The Wall Street Journal reports. The recent funding brings startup’s funding total up to $352.5 million.
Launched in 2013, Oscar Health's quality network has more than 40,000 users in New Jersey and New York with plans to expand its coverage to California and Texas in 2016. The company's business model is focused on
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Doctor Search Portal Practo Acquires Insta Health For $12M
After raising $90 million in Series C funding in August, India-based physician search portal Practo has acquired cloud-based hospital information management company Insta Health for $12 million (Rs 80 crore) in a cash and equity deal. Founded in 2008, Insta Health provides hospital information systems and EMR solutions to hospitals across South East Asia, Middle East, India, and Africa. The Insta Health acquisition marks the company's third acquisition in less than six months. The acquisition
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