What You Should Know: - Element5, the world’s first Automation-as-a-Service solution purpose-built for post-acute care, today announced that it has raised $30 million in a Series B funding round led by Insight Partners. With the closing of the Series B funding round, Element5 has raised $48.5M in total capital to date. - This investment will strengthen Element5’s position and enable the company to continue the disruption of the health care industry’s $400B post-acute
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Home Health | Home Care | Elder Care | News, Analysis, Insights
CareLinx by Sharecare Forms Clinical Advisory Board for Home Health Platform
What You Should Know: - Sharecare, the digital health company that helps people manage all their health in one place, today announced the formation of a clinical advisory board for its home health platform and network of caregivers, CareLinx by Sharecare. - The aim of the board is to help shape the clinical care offering from CareLinx as well as our nurse retention and recruiting efforts, so we’ve appointed 10 leaders across the nursing field – military, private practice, academia,
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UHG’s Optum Acquires Home Health Business LHC Group for $5.4B
What You Should Know: - UnitedHealth Group subsidiary Optum has agreed to acquire LHC Group, a national patient-focused provider of high-quality in-home health care services for $5.4 billion ($170 per share). - The acquisition will further strengthen their shared ability to advance value-based care, especially in the comfort of a patient’s own home. Extend Value-Based Care into Patients’ Homes The combination of LHC Group with Optum Health, which works
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Casana Raises $30M for Effortless Home Health Monitoring
What You Should Know: - Casana, a healthcare technology firm that is reinventing in-home health monitoring announced it has raised $30M in Series B funding, bringing the total capital raised to $46 million led by Morningside with participation from Matrix Partners, as well as Series A investors General Catalyst and Outsiders Fund. - The Series B funding will allow Casana to accelerate FDA submission of the Heart Seat with the goal to obtain FDA approval and bring this important new device
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Best Buy Acquires Care-At-Home Platform Current Health – M&A
What You Should Know: - Best Buy, today announced it has signed an agreement to acquire Boston-based Current Health, an enterprise care-at-home technology platform that brings together remote patient monitoring, telehealth, and patient engagement into a single solution for healthcare organizations. Financial details of the acquisition were not disclosed. Founded in 2015, Current Health’s enterprise care-at-home platform enables healthcare organizations to deliver high-quality,
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Why Family Caregivers Need Help from the Healthcare Establishment
I recently spoke with a woman whose husband contracted a serious, chronic illness that requires long-term use of a peripherally inserted central catheter (PICC) line. As her husband’s primary caregiver, this woman is responsible for cleaning and flushing the PICC line three times a day. And while she knows how to carry out these functions, she nonetheless remains fearful of inadvertently introducing bacteria into the line and the consequences that could result. For this woman, the
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Hoy Health Acquires Mobile Med Units Company HomeFront Health
What You Should Know: - Hoy Health, a bilingual digital primary care platform today announced the acquisition of HomeFront Health, a San Antonio, TX-based service-driven mobile healthcare organization that delivers frontline medical services to patients in their homes as an extension of hospital- and provider-centric care models. By harnessing the untapped resource of military-trained and field-tested veteran medics, the mobile medical units provide unparalleled in-person patient care when
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Sharecare Acquires On-Demand Home Health Platform CareLinx for $65M
What You Should Know: - Sharecare today announced its official entry into the home health market with the acquisition of CareLinx , an on-demand home health platform of tech-enabled care providers from Europ Assistance, one of the largest global assistance companies. Under the terms of the agreement, the acquisition is valued at approximately $65M, consisting of $54.6M in cash and $10.4M in Sharecare common stock. The acquisition marks Sharecare’s 18th acquisition since 2010. - The
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Humana Acquires Integrated Post-Acute Care Provider onehome – M&A
What You Should Know: - Humana Inc. announced that it has signed a definitive agreement to acquire integrated post-acute care provider One Homecare Solutions (“onehome”) from WayPoint Capital Partners (WayPoint), the private equity affiliate of a New York-based family investment office. - The acquisition will further advance Humana’s strategy to build a value-based home health offering. - Founded in 2013, onehome is a provider of a variety of home-based services, as well as a convener
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Reperio Health Raises $6M to Expand At-Home Wellness Kits to Employer Market
What You Should Know: - Portland, Oregon-based Reperio Health announced it has raised $6M in seed funding co-led by Caduceus Capital Partners in Nashville, Tenn., and Rogue Venture Partnersin Portland, Ore., with additional investment from Liquid 2 Ventures and G Ventures, both out of the San Francisco Bay Area. - Reperio’s patent-pending at-home health assessment brings a broad range of screenings right to peoples’ doors.
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