UnitedHealth’s Optum has agreed to acquire DaVita Medical Group, one of the nation’s leading independent medical groups and a subsidiary of DaVita Inc. Under terms of the acquisition, Optum will acquire DaVita Medical Group for approximiately $4.9 billion in cash and is expected to close in 2018. DaVita plans to use the proceeds from the acquisition for significant stock repurchases over the next one to two years following the closing of the transaction, as well as to repay debt and for general
Read More
Startups| Digital Health | | Health IT News, Analysis, Insights - HIT Consultant
PatientPay Secures $6M to Expand Patient Payments Platform for Specialty Care
PatientPay, a Raleigh-Durham, NC-based provider of patient payments for specialty care has secured $6 million in growth capital led by Teaghlach Family Office and existing investors, including Mosaik Partners. The revenue cycle-focused company plans to use the funding for an 85 percent company expansion in 2018, primarily in staffing and product development. The investment round stems directly from the need to grow quickly and meet healthcare demand for better patient payments methods and
Read More
HealthiPASS Raises $7.2M for Patient-Centric Digital Payments Platform
HealthiPASS, a Chicago-based healthcare payments company, today announced it has raised a $7.2 million in Series A funding round, led by FCA Venture Partners. The round also included participation from OCA Ventures, Healthy Ventures, HealthX Ventures, Waterline Ventures and a small group of strategic investors. As high deductible health plans become more and more prevalent and patient out of pocket burden continues to increase, HealthiPASS simplifies the payments experience for both patients
Read More
VirtualHealth Lands $7M to Expand Integrated Value-based Care Platform
VirtualHealth, a New York City-based startup of population health management and care management technologies, has raised $7 million in funding led by Edison Partners. The company plans to utilize the funding to further develop its product suite, grow the team and expand its market share. Founded in 2012 by Adam Sabloff, VirtualHealth’s secure, cloud-based platform seamlessly integrates population analytics with market-leading care, disease, and
Read More
Aptean Acquires Web-based Clinical Portal Connect to Expand Healthcare Offerings
Aptean, a global provider of mission-critical enterprise software solutions, has acquired the Connect division of Influence Health to add to its growing suite of products that serve the healthcare industry and public sector. As part of the acquisition, employees focused on the Connect product have joined Aptean and will continue to work in their current locations. Financial terms of the acquisition was not disclosed. Connect, a division of Influence Health, offers a web-based clinical portal to
Read More
OSF Innovation Partners with MassChallenge to Accelerate Digital Health Startups
OSF Innovation recently signed a one-year agreement to be a Platinum Sponsor of PULSE@MassChallenge, a program that specifically focuses on identifying and accelerating promising digital health startups. As a partner, OSF has the opportunity to vet hundreds of digital healthstartups and can choose up to two it will mentor to further develop their companies including connecting them with health care leaders, initiating pilots and introducing them to investment opportunities. Beyond mentorship,
Read More
Circulation and Lyft Team Up for Non-Emergency Medical Transportation
Circulation, the pioneer in on-demand non-emergency medical transportation, today announced a partnership with Lyft, the fastest growing rideshare company in the US. This partnership will expand non-emergency transportation options for Circulation’s clients nationwide, which currently number more than 1,000 healthcare facilities. Starting today, all Circulation users can schedule Lyft rides directly through Circulation’s on-demand patient-centric digital transportation platform.Founded in 2016
Read More
5 Digital Health Innovation Trends That Will Matter in 2018
In December 2016, many were suggesting that wearables were dead. Fitbit’s stock price was rapidly dropping. Apple Watch sales had declined for two consecutive quarters and Pebble had just been acquired in a fire sale.What a difference a year makes. Today, Apple Watch is poised to become the world’s best selling wearable. And, the market is quickly diversifying as hearables (once again led by Apple) and clinical wearables gain importance.The lesson is clear. As we look toward 2018, it’s more
Read More
Biotech Startup Akouos Lands $7.5M To Restore & Preserve Hearing
Akouos, a Boston, MA-based new biotechnology startup focused on restoring and preserving hearing has raised $7.5 million in seed funding led by 5AM Ventures and New Enterprise Associates (NEA), with participation from Partners Innovation Fund. Spun out of Harvard Innovation Labs in 2017, Akouos is developing novel therapies and delivery systems to prevent hearing loss and restore hearing in genetically defined patient populations.In addition to the seed round of funding, Akouos has entered into
Read More
CVS to Acquire Health Insurer Giant Aetna for $69B: 8 Things to Know
CVS Health has agreed to acquire health insurer giant Aetna for $69 billion in a landmark deal that that will redefine access to high-quality care in lower cost, local settings whether in the community, at home, or through digital tools.This is the next step in our journey, positioning the combined company to dramatically further empower consumers. Together with CVS Health, we will better understand our members' health goals, guide them through the health care system and help them achieve their
Read More
