Rite Aid Corporation appoints Heyward Donigan as Chief Executive Officer (CEO) and a member of the Board, effective immediately. John Standley will step down from his role as chief executive officer. Prior to joining Rite Aid, Donigan served as the president and chief executive officer of Sapphire Digital (formerly Vitals), which designs and develops omnichannel platforms that help consumers choose their best-fit healthcare providers.
Since 2015, Donigan lead Sapphire Digital's strategy and
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XLerateHealth Unveils 2019 Louisville Cohort of 9 Digital Health Startups
XLerateHealth, a Louisville, KY-based healthcare accelerator announced it has selected nine digital health startups to participate in its 2019 Louisville accelerator cohort. This is the 8th cohort to be selected into the bootcamp program since XLH’s launch in 2013.XLerateHealth (XLH) Accelerator Program OverviewThe accelerator’s 12-week intensive program will help the early-stage healthcare companies build out their commercialization strategy, which includes their intersection with Payers,
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Year of the Patient: StartUp Health Insights 2019 Midyear Report
2019 is shaping up to be the ‘Year of the Patient’ with investors pouring significant money into the digital health space, according to a new StartUp Health Insights 2019 Midyear Report. The report finds personalized health mega-deals such as Tencent Trusted Doctor ($250M) and Thrive Earlier Detection ($100M) topping the list as the most-funded digital health startups in Q2 2019, followed by patient empowerment focused startups as a runner up with over $680M raised.The report also drills down
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Rock Health Report: Is 2019 The Year of the Digital Health IPO?
Digital health funding reached a new record of $4.2 billion across 180 deals in the first half of 2019, according to Rock Health, a full-service venture fund dedicated to digital health. The digital health sector is on track for an $8.4B year in 2019—and may even break 2018’s annual funding total. The report also validates the continued trend of the large $100M+ mega deals, attributing to 30% of venture funding in H1 2019. The 2019 Midyear Digital Health Market Update reflects a maturing digital
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Cedars-Sinai Accelerator Reveals 5th Class of 11 Digital Health Startups
Cedars-Sinai Accelerator, today announced 11 new digital health startups selected to participate in its fifth class from across the United States and Europe. From artificial intelligence to a smart brace for knee replacement patients, these innovative healthcare-focused startups are working to transform health and healthcare delivery as part of the Los Angeles-based accelerator program. Through their innovations, the companies seek to address some of healthcare’s most pressing challenges,
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Indian Digital Health Startup mfine Nabs $17.2M for Virtual Healthcare Delivery Network
mfine, an India-based digital health startup has raised $17.2 million in Series B funding led by SBI Investment, a Japan-based venture capital firm and a subsidiary of the SBI Group. Singapore-based SBI Ven Capital which is SBI Group's Southeast-Asian investment arm and tech-focused global venture capital firm BEENEXT also participated in the round alongside existing investors, Stellaris Venture Partners and Prime Venture Partners. Why mfine?Founded in February 2017 by Ashutosh Lawania (Myntra
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Massachusetts Launches Digital Health ‘Sandbox’ Program for Startups
On Wednesday, Massachusetts Governor Charlie Baker joined members of the Massachusetts Digital Health Council to announce a new program to drive the growth of innovative startups in the state, helping them access unique R&D facilities in the state. The announcement was made at Worcester Polytechnic Institute’s PracticePoint research, development and commercialization alliance, the first R&D ‘sandbox’ selected to host startups as part of the program. That facility was the recipient of a
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Mayo Clinic, ASU Unveils Six Digital Health Startups for Inaugural MedTech Accelerator Cohort
The MedTech Accelerator, a collaborative effort between Mayo Clinic and Arizona State University has announced the selection of six digital health startups for its inaugural cohort. The MedTech Accelerator provides medical device and healthcare IT early-stage companies with personalized business development plans to collaborate with Mayo Clinic and ASU and accelerate go to market and investment opportunities. Benefits of Accelerator for Selected StartupsThe immersive experience will help
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The New Walking Dead: Why 98% of Health Tech Startups Are Zombies
Health investor and entrepreneur Dave Chase says 98 percent of health tech startups are zombies right now—but the Quadruple aim could help some rise from the ashes to begin anew.Billions in venture capital (VC) funding may have poured into digital health over the last few years (more than $4.5 billion in 2015 alone), but it looks like many startups may have bitten off more than they can chew, and as a result, imminently face biting the dust before reaching profitability. At least, that’s the
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OurCrowd Launches Israel’s First $50M Digital Health Fund
OurCrowd, an Jerusalem-based global equity crowdfunding platform for accredited investors has launched Israel's first $50 million fund to invest in digital health startups. The new fund called OurCrowd Qure will focus on digital health startups at seed and series A stages in Israel, the US and the Asia Pacific region. Allen Kamer and Dr. Yossi Bahagon has been appointed to lead the fund.OurCrowd Qure has established a collaboration with Johns Hopkins University to provide validation of value,
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