– Healthcare Growth Partners’ (HGP) summary of Health IT/digital health mergers & acquisition (M&A) activity, and public company performance during the month of August 2020.
M&A is back and the velocity of the rebound has outpaced all expectations. The recovery quickly worked its way across the spectrum from large to small-cap, beginning with the larger cap NASDAQ rally of nearly 80% from lows in late March (only to soften in recent days), followed by multi-billion
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Provider Pilot Uses Video Games as Therapy for Children with Autism
What You Should Know:
- Magellan Health launches a pilot program for a group of
providers that will begin using video games as therapy for children with autism
and other behavioral health conditions.
- As part of the pilot program, patients will be given
access to the video platform developed by Mightier, a digital health company
born out of Boston Children’s' Hospital and Harvard.
- The games include a wearable heart rate monitor &
tablet loaded with 25 different
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Sprout Launches with $10M to Power Tech-Enabled In-Home Autism Care
What You Should Know:
- Sprout, a tech-enabled platform pioneering the future
of autism care, launches today with $10M in funding to solve the broken,
outdated, and costly process families face when seeking care for children.
- Sprout offers free autism assessments, matches children with world-class therapists for in-home individualized treatment plans unique to their needs, and equips parents with a software-enabled experience to manage their child’s care, while also sharing a
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CentralReach Acquires ABA Data Collection Platform Thread Learning
- CentralReach acquires Thread Learning, an applied behavior analysis (ABA) platform designed for center-based clinics and schools to extend its leadership position within the ABA provider market.
- The acquisition will add solutions for the education and international ABA markets and supplement its industry-leading platform with Thread’s rapidly-growing, highly-rated, intuitive mobile data collection.
CentralReach,
a Pompano Beach, FL-based provider of electronic medical record
(EMR)
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Cognoa Launches Pivotal Study of Diagnostic Aid for Autism
- Cognoa launches a pivotal study to demonstrate the effectiveness of its diagnostic aid for autism spectrum disorder (ASD).- The results of this pivotal study will be the basis for the submission to the FDA in 2020. - The Cognoa digital diagnostic aid has the potential to become the first cleared medical device to help diagnose autism intended to be used by pediatricians and primary care physicians.Cognoa, a Palo Alto, CA-based pediatric behavioral health company developing digital medicines,
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The Innovation Studio at Children’s Hospital Los Angeles Unveils 5 Winners for Digital Health Lab Demo Day
- The Innovation Studio at Children's Hospital Los Angeles (CHLA) announced the winners of its first-ever Digital Health Lab Demo Day. - Winning VR, AR, and gaming innovations will receive $20,000 each in seed grants and be piloted at Children’s Hospital Los Angeles.The Innovation Studio at Children's Hospital Los Angeles (CHLA) announced the winners of its first-ever Digital Health Lab Demo Day, the culmination of a six-month venture to develop, incubate and implement virtual reality (VR),
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Cognoa, EVERSANA Partner to Advance the Commercialization Standard for Prescription Digital Medicines
- Cognoa and EVERSANA form a partnership that will enable prescription, dispensation, and reimbursement of Cognoa’s behavioral health products.
- Cognoa is developing digital medicine solutions to change the standard of care in pediatric behavioral health to improve the lifelong outcomes for children.
- Cognoa selected EVERSANA, a fully integrated and independent commercial services platform, to develop and manage a go-to-market strategy that ensures comprehensive market
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MyHealthTeams Lands $9.44M to Expand Social Networks for Chronic Condition Communities
MyHealthTeams Co-founders Eric Peacock and Mary Ray
MyHealthTeams, a San Francisco, CA-based creator of the largest and fastest-growing social networks for people facing chronic health conditions raised $9.44 million in a Series B financing round led by strategic investor UCB, a global biopharmaceutical company. This financing brings total investment in MyHealthTeams to $26.84M, building on the company's Seed and Series A1, A2 and A3 rounds. Existing investors including Adams Street Partners,
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What Is The Upside of Establishing Extended Reality As A Medical Device?
Eran Orr, Founder of XRHealth
XR stands for extended reality. Basically, it's an umbrella term covering the VR (virtual reality), AR (augmented reality), and MR (mixed reality) technologies. All three are already involved or will be involved in healthcare. In the very near future, you will be able to “swipe” between all three within an application. Different combinations of the technologies will be used to provide specific health benefits, eventually all within a single platform.
It is
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CentralReach Acquires Applied Behavior Analysis Therapy Software Pathfinder Health Innovations
CentralReach, a provider of EHR and practice management solutions that enable Applied Behavior Analysis (ABA) for therapy has acquired Pathfinder Health Innovations (PHI), a practice management and data collection software solution designed for small to medium-sized (SMB) businesses. The acquisition increases CentralReach’s market share and is expected to provide SMB organizations with a quick-start and easy-to-use solution to gain immediate operational efficiencies.Founded in 2010, Pathfinder
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