What You Should Know: - Today, Alphabet’s Verily, a world leader in personalized medicine, and L’Oréal, the world leader in beauty, joined forces to lead a new era of precision skin health. - The first-of-its-kind partnership in the beauty industry aims to break down barriers to dermatology care and bring new insights to dermatologists that can help improve health outcomes for the nearly two billion people worldwide with skin issues. Strategic Partnership Addresses Unmet Need in
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Strive Health Raises $140M for Value-Based Kidney Care Platform
What You Should Know: - Strive Health, a Denver-based provider of value-based kidney care today announced $140 million in Series B funding with Alphabet’s independent growth fund, CapitalG, as the lead investor. Strive has more than doubled its presence in regional markets and grown its employee base by more than 600% in the last year. This funding will further increase that momentum. - Currently, there is $410 billion of unmanaged kidney disease
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Verily and Janssen Launch COVID-19 Immune Response Study
What You Should Know: - Verily and Janssen launches COVID-19 Immune Response Study that aims to collect detailed information about how the coronavirus affects the immune system immediately after someone tests positive for COVID-19. Verily, an Alphabet company, is partnering with Janssen Research & Development LLC (Janssen) to launch a COVID-19 Immune Response Study as part of Verily’s Project Baseline. The study aims to collect detailed information about how the coronavirus affects
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Cityblock Health Reaches $1B Valuation, Raises $160M to Address Systemic Healthcare Inequity
What You Should Know: - Cityblock Health, a transformative, value-based healthcare provider focused on improving healthcare outcomes for marginalized communities, today announced a $160M Series C round, bringing its total raised to $300M. - Cityblock is a care delivery trailblazer working to right the injustices of a healthcare system that cycles vulnerable communities through frequent ER visits and hospital stays. Its tech-enabled model delivers primary care, behavioral care, and social
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Verily Forms New Subsidiary Focused on Employer Stop-Loss Through Precision Risk
What You Should Know: - Alphabet’s Verily has established a new subsidiary,
Coefficient, with a mission to create value by combining innovative health
technology solutions with new insurance and payment models. Verily is the
majority shareholder and Swiss Re Corporate Solutions, an established player in
the employer stop-loss market, has a minority stake in the new company. - Coefficient will enter a segment of insurance called
employer stop-loss. Employer stop-loss typically protects
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Verily Launches Healthy at Work Program for COVID-19 Screening & Testing
What You Should Know: - Verily launches Healthy at Work Program providing
ongoing COVID-19 screening and testing for a healthy return to work and school
to communities across the nation. - The Healthy at Work program combines symptom screening, testing services, and data analytics. Employees, students, or others designated to participate in the program can use the online interface to record health symptoms each day. Today, Verily, an Alphabet
company, has announced a new Healthy at
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Verily Launches Joint Venture to Develop & Commercialize Ophthalmic Devices
- Alphabet company Verily and Santen Pharmaceutical launch joint venture focused on developing and commercializing ophthalmic devices and comprehensive tech-enabled solutions. - The joint venture will focus on tackling ophthalmic conditions, such as glaucoma and dry eye. Santen Pharmaceutical
Co., Ltd. and Verily, an Alphabet
company, announced the establishment of a joint venture focused on applying
microelectronics and scalable digital technologies to ophthalmology. The new
joint
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Alphabet’s Verily, Wake Forest Baptist Health Partner on Healthy Aging Research
- Alphabet’s Verily is partnering with Wake Forest Baptist Health on a healthy aging research project to develop more effective ways to connect patients with healthcare professionals and the resources needed to better deliver long-term rather than episodic care.- The research partnership will test interventions that promote physical and cognitive independence and facilitate greater involvement of older adults in decisions related to their health and wellness preferences.Verily, an Alphabet
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Research: October Health IT M&A Activity, Public Company Performance
- Healthcare Growth Partners (HGP) summary of Health IT/digital health merger & acquisition (M&A) activity, and public company performance during the month of October 2019 During the month of October, Health IT continued its evolution into an amorphous market that is increasingly trending away from a specialized niche of healthcare and into a key component of larger sectors such as Enterprise Software, HR Administration, Insurance, Care Delivery, Suppliers, and BioPharma. The
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Google Parent Company Alphabet Reportedly in Talks to Acquire Fitbit
- Google’s parent company, Alphabet has made a bid to acquire Fitbit, according to sources familiar with the matter. - The speculation drove Fitbit’s stock by more than 30%.Google parent company Alphabet has made a bid to acquire fitness wearable company Fitbit, according to sources familiar with the matter. At this time, there is no definite if the negotiations between Google and Fitbit will lead to any deal, Reuters reports.The digital health and wellness market is crowded, with an estimated
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