A brief summary of noteworthy news, health IT M&A activity, IPOs, and public company performance during the month of March.
Noteworthy News
Amazon, JP Morgan, Berkshire Names New Joint Venture Haven
Amazon, J.P. Morgan, and Berkshire Hathaway name joint venture Haven. In January 2018, the three founding companies announced plans to create this independent organization, now called Haven, which is free from profit-making incentives and constraints. Haven’s focus is the 1.2 million
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Philips, DispatchHealth Launch On-Demand Home Care Pilot Program for Arizona Seniors
Philips is joining forces on a pilot study with DispatchHealth, a provider of mobile urgent care that delivers convenient, affordable care within one’s home to help enhance care for select Arizona members of Mercy Care. DispatchHealth supports seniors wishing to stay in their homes longer by providing a preventative and proactive treatment where and when seniors need it to help avoid elevating health situations to costly emergency medical services (EMS) and to avoid unnecessary trips to
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In-Home Care Startup Honor Lands $50M to Grow Network of Home Care Agencies
Honor, an in-home care startup has raised $50 million in Series C funding led by Naspers Ventures, with participation from existing investors, bringing the company’s total funding amount to $115 million. The latest round comes as the larger healthcare industry is increasingly recognizing non-medical home care as a vital component to value-based care. In April, the Centers for Medicare and Medicaid Services announced that Medicare Advantage plans will be able to cover non-medical home care
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Senior Care Startup HomeHero Rebrands As Harvey to Provide Virtual Consultations
After shutting down their non-medical home care marketplace in February, senior care startup HomeHero is rebranding as an integrative medicine company called Harvey. The company’s name derives from English physician and scientist, William Harvey, who first discovered and explained how blood circulates through the human body.The new company will focus on providing virtual consultations with functional and naturopathic doctors, in-home lab testing and natural therapies to help optimize your health
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Honor Pilots In-Home Care Partnership with Walmart in Dallas-Fort Worth
Honor, a digital health startup connecting consumers with in-home caregivers, seniors and their families is expanding its service with a pilot partnership with Walmart in two stores in Dallas-Forth Worth, TX. Honor currently operates in the San Francisco Bay Area and Los Angeles, and combines the best care professionals in the industry with proprietary app technology that modernizes the entire home-care experience, making it more flexible and accessible for family caregivers and their aging
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Kaiser Permanente Ventures Pumps $5M in In-Home Care Startup Hometeam
Kaiser Permanente Ventures, the corporate venture capital arm of Kaiser Permanente, has invested $5 million in New York-based in-home care startup Hometeam, bringing its total funding to date to $38.5 million, Fortune first reports. Hometeam transforms the aging experience by providing families expert caregiver matching, custom iPads, and a care team to promote healthy & active days. The capital will be used to accelerate its medical and technology development as it continues to experience
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20 Promising Canadian Digital Health Companies to Watch
“A company’s odds of success are better the closer they can get to their market,” argues Stephen Hurwitz, a thought leader in the Canadian venture capital industry, recognizing that the proximity to a VC-tech hub can help the success rate of Canadian startups.
A socialized healthcare system, Canada’s market is fragmented by province and type of care – most primary and emergency care is free for residents whereas specialty care, prescription drugs, long-term and in-home care amongst others,
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