ResMed to acquire digital therapeutics maker Propeller Health for $225 million, establishing itself as a leader in COPD management.ResMed, a provider of cloud-connected medical devices and out-of-hospital software-as-a-service (SaaS) business solutions, today announced it has entered a definitive agreement to acquire digital therapeutics startup Propeller Health for $225M. For ResMed, the acquisition will help establish the company as a leader in COPD management across all stages of the
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Startups| Digital Health | | Health IT News, Analysis, Insights - HIT Consultant
Biotech Startup ParaGen Technologies Raises $3M to Redefine Tissue Engineering
ParaGen Technologies, a Columbus, OH-based holding company of four tissue engineering medical device companies, announced that it raised $3 million in funding. The round was managed and organized through Ikove Venture Partners’ global network of investors (70% of the funds came from investors across 10 countries).Tissue EngineeringThe field of tissue engineering is focused on developing solutions to recreate the biological structures of the body. Generally, the synthetic products currently
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Bright Health Raises $200M to Expand Care Partner Health Plan Model
Bright Health, a provider of exclusive Care Partner Health Plans for everyday individuals at competitive prices has raised $200M in Series C funding. Investors in the Series C round includes two new investors, Declaration Partners and Meritech Capital, as well as existing investors Bessemer Venture Partners, Cross Creek Advisors, Flare Capital, Greenspring Associates, Greycroft Partners, New Enterprise Associates (NEA), Redpoint Ventures, and Town Hall Ventures. The insurance tech startup plans
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Lyft Appoints First VP of Healthcare to Lead Expansion of Lyft’s Healthcare Business
Today, ridesharing company Lyft is announcing the appointment of their first VP of Healthcare, Megan Callahan, to double down on growth in the healthcare sector. Lyft healthcare rides have grown 3x over the last year, and Megan will lead the strategic direction and expansion of Lyft’s healthcare business. She brings more than two decades of experience from across the healthcare industry, serving most recently as Chief Strategy Officer at Change Healthcare, and as Senior Vice President of
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Revenue Cycle Startup Medpilot Nabs $1.7M to Expand Patient Financial Engagement Platform
MedPilot, a patient financial engagement platform working with outpatient facilities, hospitals, revenue cycle management companies, and practice management systems, announced it has raised $1.7 million in funding led by Hudson River Capital Partners, Valley Growth Ventures, Cedars-Sinai, TechStars, and investor Tom Hirschfeld. MedPilot’s will use the latest round of funding to further bolster their team and roll out additional new functionality in their patient financial engagement platform for
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Medtronic Acquires Nutrino Health to Integrate Diabetes Capabilities with Nutritional Data
Medtronic acquires Nutrino Health to augment diabetes capabilities with Nutrino’s nutritional database and data science. Medtronic, a provider of medical technology announced it will acquire Tel Aviv-based Nutrino Health, a provider of nutrition-related data services, analytics, and technologies. For Medtronic, the acquisition is an opportunity to improve clinical outcomes for people with diabetes through the integration of Nutrino’s extensive food analysis infrastructure, nutrition science
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Jump Technologies Raises $2M to Expand Hospital Supply Chain Management Platform
Jump Technologies, a hospital supply chain solutions provider, today announced it has raised $2 million in funding led by Black Granite Capital and includes new strategic investor Mount Sinai Ventures and reinvestment by two large investors. The Eagan, MN-based company plans to use the latest round of funding to expand the company’s national sales efforts and support broader product development.Supply Chain Management Is Often Overlooked in HospitalsInventory management in hospitals is often
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RenalytixAI Lands $29M for AI-Driven Kidney Disease Diagnosis Platform, Will Launch Product with Mount Sinai in 2019
RenalytixAI, an NYC-based developer of artificial intelligence-enabled clinical diagnostics for kidney disease, today announced it raised $29 million in funding to support the development and commercialization of two product categories for the early detection of kidney disease and accurate management of kidney transplant rejection. Following the successful completion of its fundraising on November 6, 2018, RenalytixAI started trading publicly on AIM, a market of the London Stock Exchange. Kidney
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M&A: Veritas and Evergreen Coast Capital to Acquire athenahealth for $5.7B
athenahealth, Inc., today announced private equity firms Veritas Capital and Evergreen, the private equity subsidiary of Elliott Management will acquire athenahealth for approximately $5.7 billion in cash ($135 per share). The acquisition comes months after Elliot Management made an unsolicited bid to acquire the company for $6.5B.Financial DetailsUnder the terms of the agreement, athenahealth shareholders will receive $135 in cash per share. The per share purchase price represents a premium of
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Force Therapeutics Raises $21M to Scale Episode-based Digital Care Delivery
Force Therapeutics, a New York-based provider of episode-based digital care delivery, today announced it has raised $21 million funding led by Insight Venture Partners. The funding will fuel Force's rapid product innovation, national expansion across major health systems, and client growth. Force is currently deployed in 60 facilities around the country and powers digital care management at leading health systems, including Geisinger, NYU Langone, Northwell Health, University Hospitals of
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