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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Flare Capital Partners
Health Tech VC Firm Flare Capital Partners Closes $255M Fund
Healthcare technology venture capital firm, Flare Capital Partners, today announced the closing of its second fund, Flare Capital Partners II, L.P., with a total of $255 million in committed capital. The oversubscribed fundraise follows up its inaugural fund, which was raised in April 2015, and establishes Fund II as one of the largest, independent, dedicated healthcare technology venture capital investment funds. Evolving Healthcare Industry Demands Innovative Business ModelsThe U.S. healthcare
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Why 2018 May Have Been A High-Water Mark for Digital Health Funding
Notwithstanding the quite significant stock market turmoil for publicly traded healthcare companies in recent months, the level of private investment activity continued to be quite strong this past quarter. According to Rock Health, 1Q19 registered just under $1.0 billion of investments made in 61 healthcare technology companies, which while below the trailing two year quarterly average of $1.4 billion, still suggests an annual investment pace running toward $4.0 billion. StartUp Health, which
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HealthVerity Raises $25M for Cloud Marketplace for Licensing Patient Data
HealthVerity, a Philadelphia, PA-based company focused on the rapid creation, exchange, and management of healthcare and consumer data has raised $25 million in Series C funding led by existing investor Foresite Capital with participation from Flare Capital Partners, Greycroft Partners, and other existing investors. The company plans to use the funding to support continued growth and investment in HealthVerity’s technology platform and go-to-market activities.HealthVerity BackgroundFounded in
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Healthcare Blockchain Startup Curisium Raises $3.5M to Facilitate Patient-Centric Contracting
Curisium, a Manhattan Beach, CA-based healthcare blockchain startup has raised $3.5 million in seed funding from Flare Capital Partners, New Enterprise Associates (NEA), Shuttle Fund, Sanofi Ventures, and Green Bay Ventures. Founded by Peter Kim and Francis Lam, Curisium's healthcare blockchain-based platform eanable payers, providers, and life science companies to efficiently and securely engage in innovative, patient-centric value-based contracts. Nearly a third of the payments in the $3T US
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Digital Health VC Funding: Where Do We Go From Here?
Editor's Note: Michael Greeley is the General Partner and Co-founder at Flare Capital Partners an early stage healthcare technology venture capital firm. Some of his existing and prior board seats include Explorys, HealthVerity, Iora Health, Predilytics, Taris, T2 Biosystems and Welltok. In addition Michael serves on several industry association boards including the Industry Advisory Board for the Cleveland Clinic and Boston Children’s Hospital, as well as the Executive Committee of the National
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