Summary of Health IT/digital IPOs, merger & acquisition (M&A) activity, and public company performance during the month of July.
Digital Health IPOs in July
Source: Healthcare Growth Partners (HGP)
Breaking the digital health IPO drought, there were four initial public offerings (IPOs) during a five-week period from late June to late July, including Livongo, Health Catalyst, Phreesia, and Change Healthcare. The last health IT companies to reach IPO were iRhythym Technologies 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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Net Health Acquires Post-Acute Care EHR Provider Optima Healthcare Solutions
Net Health, a provider of cloud-based software solutions for specialized outpatient care, today announced it has acquired cloud-based post-acute care EHR provider Optima Healthcare Solutions. Optima post-acute care EHR platform supports contract therapy companies, skilled nursing and assisted living facilities, outpatient therapy clinics, home health therapy providers and hospice organizations.Acquisition Benefits for Net HealthOnce the acquisition closes, the combined company will serve
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Change Healthcare: Applying AI Could Identify Up to 35% of Denials Prior to Submission
Change Healthcare AI can help providers identify problem claims and prevent denials before they happen, avoiding costly rework, delays, and improving revenue flow.Today Change Healthcare announced that it has applied its Claims Lifecycle Artificial Intelligence (AI) technology to its claims management suite with the introduction of Assurance Reimbursement Management™ Denial Propensity Scoring and Revenue Performance Advisor Denial Prevention. With performance enhanced by Claims Lifecycle AI,
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Pillo Health Raises $11M to Expand Personal Home Health Robot
Pillo Health, a Boston-based digital health company improving longevity and quality of life for patients managing their health at home has raised $11M in Series A funding, led by Stanley Black & Decker’s corporate venture capital arm with significant participation from Samsung Ventures. Existing investors, including BioAdvance, Hikma Ventures – the corporate venture capital arm of Hikma Pharmaceuticals PLC – Hackensack Meridien Health System’s Innovation Center Fund and
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LetsGetChecked Lands $30M for Regulated At-Home Medical Testing Platform
Company scales direct-to-consumer at-home testing diagnostics and personal health services; expands platform development and supply logistics in the U.S.
LetsGetChecked, an NYC-based direct-to-consumer at-home health testing platform increasing access to laboratory and self-testing, today announced it has raised 30 million in Series B round led by LTP with participation from existing investors Optum Ventures and Qiming Venture Partners USA.
At Home Testing, For A Healthier You
Founded
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DispatchHealth Nabs $33M to Expand On-Demand Healthcare Model to High Acuity Patients
DispatchHealth (formerly known as True North Health Navigation), a Denver, CO-based provider of on-demand healthcare delivery to a patient’s home has raised $33 million in growth capital funding led by Echo Health Ventures, a strategic collaboration of Cambia Health Solutions and Mosaic Health Solutions. The funding also included participation from existing investors Alta Partners, Questa Capital and additional strategic investors.Founded in 2013 by two mobile health executives, DispatchHealth’s
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Brightree Integrates With CommonWell to Improve Post-Acure Care Interoperability
SaaS provider Brightree announced plans to connect its tens of thousands of home health and hospice customers with 50,000+ provider locations and health systems around the country via the CommonWell Health Alliance, and through CommonWell to Carequality. As the first CommonWell integration focused solely on post-acute care, this is a major milestone in improving interoperability for post-acute care providers and their patients, solving for the “black-hole” phenomenon that occurs when patients
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AMN Healthcare to Acquire Advanced Medical for $200M
AMN Healthcare Services, Inc. (AMN), a nationwide healthcare workforce solution and staffing services, today announced a definitive agreement to acquire Advanced Medical Personnel Services, Inc. (Advanced) for $200 million. Advanced is an innovative healthcare staffing company that specializes in placing therapists and nurses in contract positions across multiple settings including hospitals, schools, clinics, skilled nursing facilities, and home health. Advanced Medical works with Occupational
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Validic Integrates With Welldoc’s Bluestar Platform to Enable Real-Time Insights for Patients
Validic, a provider of data solutions for remote monitoring and virtual engagement is integrating with Welldoc’s BlueStar platform. The integration of personal health data within the Welldoc BlueStar digital therapeutic platform will allow users to connect their wearables, apps, and in-home health devices directly to the platform – enabling deeper engagement and better self-management of one's health.The Power of Leveraging Device-Generated Data for PatientsAs the number of people managing
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