San Diego, CA-based Pathway Genomics, a clinical laboratory facilitating precision medicine through genetic testing and mobile healthcare applications has raised over $40 million in Series E funding. This brings the total investment into Pathway Genomics to over $130 million. Investors in this round of funding include IBM Watson, Pathway's partner in the development of a mobile health application using artificial intelligence to provide personalized health and wellness guidance. The capital will
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Startups| Digital Health | | Health IT News, Analysis, Insights - HIT Consultant
Jared Kesselheim Joins Leerink Capital Partners to Lead Health Tech Investments
Leerink Capital Partners, a leading healthcare investment bank, announced that Jared Kesselheim joined the firm as a Managing Partner on January 1, 2016. Based in Boston, Dr. Kesselheim is co-managing Leerink Capital Partners’ healthcare technology and services and digital healthcare investment initiative. Kesselheim joins Todd Cozzens who recently came to Leerink Capital Partners from Sequoia Capital to lead LEERINK’s healthcare growth equity effort.
Dr. Kesselheim brings to LEERINK over
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NantHealth Acquires Healthcare Collaboration Network NaviNet
NantHealth, a company combining genomic science and big data to transform healthcare, has announced the acquisition of NaviNet, a leading healthcare payer-provider collaboration network. NantVentures, the private equity arm of NantWorks participated in the financing. Financial terms were not disclosed.
With the acquisition of NaviNet, NantHealth adds roughly 330 new associates including an experienced management team who has previously held leadership roles at health plans, healthcare IT
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One Medical Passport Raises $4M to Streamline Pre-op Through Post-op Process
Cloud-based peri-operative medical software provider One Medical Passport, Inc. has closed a $4 million in Series A funding from FCA Venture Partners, a Nashville-based venture capital firm focused on healthcare IT. Founded in 2000 by Stephen Punzak, MD, an anesthesiologist, helps ASCs, hospitals and physician offices work more efficiently while simultaneously improving patient care and increasing patient satisfaction. The company hopes to change the way patients prepare for and recover from
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In-Home Care Startup Hometeam Pulls In $27.5M for Expert Caregiver Matching
New York-based in-home care startup Hometeam has raised $27.5M in Series B funding led by Oak HC/FT with existing investors Lux Capital, IA Ventures and Recruit Strategic Partners. Hometeam transforms the aging experience by providing families expert caregiver matching, custom iPads, and a care team to promote healthy & active days. The capital will be used to accelerate its medical and technology development as it continues to experience ever-increasing growth in New York, New Jersey and
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Quality Systems, Inc. Completes $165M HealthFusion Acquisition
Quality Systems, Inc. announced today completion of its acquisition of San Diego-based HealthFusion, a cloud-based software for physicians, hospitals and medical billing services for $165 million plus potential additional contingent consideration of up to $25 million.
“We are pleased to close the HealthFusion transaction on schedule and consistent with the terms previously mentioned,” said Rusty Frantz, president and chief executive officer at Quality Systems, Inc. in an official statement.
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Zipnosis Raises $17M for White-Labeled Virtual Care Platform
Zipnosis, a Minneapolis, MN-based virtual care platform has raised a $17 million in Series A funding led by Safeguard Scientifics, Inc. The round also included participation from Ascension Ventures, a subsidiary of Ascension, the nation’s largest non-profit and Catholic health system; along with existing investors Fairview Health Services, Hyde Park Venture Partners, Arthur Ventures, Waterline Ventures and Omphalos Ventures.
Zipnosis offers virtual care for more than 90 conditions and is
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Assurex Health Nabs $15M for Precision Medicine for Behavioral Health
Assurex Health, Inc., a commercial-stage, informatics-based precision medicine company providing treatment decision support to healthcare providers for behavioral health and chronic pain conditions, has secured an additional $15 million in equity funding.
Assurex Health’s proprietary technology is based on pharmacogenomics— the study of the genetic factors that influence an individual’s response to drug treatments—as well as evidence-based medicine and clinical pharmacology. The GeneSight
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OrbiMed Launches $950M VC Fund
OrbiMed, a leading investment firm focused on the healthcare sector, announced the closing of its next venture capital fund, OrbiMed Private Investments VI, LP, with $950 million in limited partner commitments. Investors in the fund include some of the preeminent medical research institutions globally, along with leading endowments, foundations and sovereign wealth funds.
Consistent with its predecessor funds, the new fund will invest in all stages and sectors of the healthcare industry, with
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WellDoc Pulls In $22M To Accelerate Mobile Prescription Therapy Adoption
Digital health technology company WellDoc today announced $22 million in Series B funding led by Samsung Ventures and Merck Global Health Innovation (GHI) Fund serving as co-lead. Other participants in the round include Adage Capital Management, Excel Venture Management, Alexandria Venture Investments and Hudson River Capital Partners LLC.
Welldoc plans to utilize the funding to continue commercialization and accelerate adoption of its flagship product, BlueStar, a FDA cleared mobile
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