Leidos has announced the successful $5B acquisition of Lockheed Martin's Information Systems & Global Solutions (IS&GS) business in a Reverse Morris Trust transaction. The division has about $5 billion in sales and more than 16,000 employees globally, IS&GS has been a leading government services provider for more than 20 years. Lockheed states the move will allow them to focus more on its core aerospace and defense operations.The Leidos Board of Directors also announced the election
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Startups| Digital Health | | Health IT News, Analysis, Insights - HIT Consultant
Big Data Startup Innovaccer Lands $15.6M for Integrated Care Framework
Innovaccer, a Silicon Valley based big data startup has raised $15.6 million in Series A funding led by Westbridge Capital Partners with participation by other angel investors. The company plans to utilize the latest round to expand its footprint in healthcare as providers and payers struggle to reduce the inefficiencies in the current healthcare system,Founded in 2012, Innovaccer's big datashop helps healthcare organizations provide better care by integrating complex data across multiple
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Aligned TeleHealth Raises $12M to Fuel Telepsychiatry Consultations
Aligned TeleHealth, Inc., a Calabasas, CA-based healthcare provider full, end-to-end telemedicine solutions has raised $12 million in Series A funding from SV Life Sciences (SVLS), an international life sciences VC firm. Additional investors in the round include Aligned’s board member, Deepak Chopra, who is also chairman, CEO and founder of OSI Systems, Inc.The company plans to utilize the funding to expand its footprint in behavioral health as well as support acquisitions, business development,
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Honor Raises $42M to Connect Consumers with In-Home Caregivers
Honor, an in-home care startup has raised $42 million in Series B funding led by Thrive Capital along with participating investors 8VC, Andreessen Horowitz and Syno Capital. The latest round brings the total funding raised to date up to $62 million. The San Francisco-based company plans to utilize the funding to accelerate its product development and go-to market growth strategy.Founded by serial entrepreneur Seth Sternberg in April of 2015, Honor connects consumers with in-home caregivers,
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Elation Health Lands $15M to Expand Its Physician Practice EHR
Elation Health (formerly known as ElationEMR) , a SF-based health tech startup has raised $15 million in Series B funding led by DFJ, with participation from angel investors including former president and CEO of Stanford Hospital and Clinics, Martha Marsh; and co-founder of Quora and creator of the Facebook Platform and Facebook Connect, Charlie Cheever. The company was founded by siblings Kyna and Conan Fong. Kyna, previously a professor at Stanford, and Conan, a former healthcare consultant,
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Viewics Raises $10.5M to Make Disparate Healthcare Data Meaningful
Viewics, a Sunnyvale, CA-based healthcare-focused analytics company that provides hospitals and health systems with management solutions has raised $10.5 million in funding led by existing investor Canvas Ventures and new investors Roche Venture Fund and City National Bank. The company will utilize the funds to further expand Viewics’ analytics platform and management solutions. Founded in 2009, Viewics provides advanced analytics that help health systems and ACOs realize clinical, operational,
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CRF Health Acquires Remote Patient Monitoring Startup Entra Health
CRF Health, a provider of electronic clinical outcomes assessment (eCOA)solutions for the life sciences industry, has acquired remote patient monitoring-focused startup Entra Health. Financial details of the acquisition were not disclosed. For CRF Health, the acquisition will help the company expand its footprint in wireless medical and wellness devices market. Additionally, it will help strengthen its integration with its eCOA technologies to establish a complete network of solutions to
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Reltio Raises $22M to Fuel Healthcare Data Management Apps
Reltio, a Redwood Shores, CA-based creator of new “data-driven apps” delivered through a modern data management platform has raised $22M in Series B funding led by New Enterprise Associates (NEA). The round also included participation from existing investors Crosslink Capital and .406 Ventures bringing Reltio’s total venture funding to $32M to date. The company plans to utilize the recent to strengthen its footprint in modern data management through accelerated hiring of talented individuals
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ImpediMed, Mayo Clinic Partner to Explore Body Fluid Status Monitoring Tech
ImpediMed Ltd, a Australia-based medical device startup has signed a three-year joint development agreement with Mayo Clinic to explore uses for body fluid status monitoring technology. ImpediMed employs bioimpedance spectroscopy (BIS) technologies for use in the non-invasive clinical assessment and monitoring of fluid status in patients. ImpediMed has the first medical device with FDA clearance in the U.S. to aid healthcare professionals to clinically assess secondary unilateral lymphedema of
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XLerateHealth Accelerator Unveils Its Fourth Class of 6 Digital Health Startups
XLerateHealth, a Louisville-based accelerator for early-stage healthcare companies has selected six companies to participate as part of its incoming fourth cohort. The accelerator’s 13-week intensive program will begin August 1, 2016 and run until “Demo Day” on October 27, 2016.Here is a look at XLerateHealth's fourth class of digital health startups:eBlu Solutions (Louisville, KY) is a platform providing workflow-driven services to streamline the complex processes that specialty medical
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