What You Should Know: - Today, former Livongo executive Dr. Kimon Angelides announced the launch of FemTec Health, a women's health sciences and beauty company with $38M in funding focused on using technology and data to transform the total healthcare experience for women. - Investors, capital and shareholders include Longmont Capital, Ithaca LifeSciences, Unilever Ventures, Estee Lauder, Shiseido, e.Ventures, Viking Global, and Trinity Capital with more than $38M raised to date.
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Cerner/Livongo Exec Joins Quantum Health, UPMC, Other Executive Appointments
Quantum Health, the industry leader in healthcare navigation and care coordination, announced that Zane Burke has joined the company as chief executive officer and member of the company’s Board of Directors. Prior to Quantum Health, Burke most recently chief executive officer of Livongo Health Inc. Burke assumes the role from Quantum Health founder and chief executive officer Kara Trott, who continues in her leadership role as Board Chair and will assist in a seamless transition. Healthcare
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Executive Hires: Walgreens Appoints New CEO, Cityblock Health, Innovaccer, Others
Walgreens appoints Rosalind (Roz) Brewer as the company’s Chief Executive Officer, effective on March 15, 2021. Brewer will also join the WBA Board of Directors upon assuming the role. She succeeds Stefano Pessina who, as previously announced, will transition to the role of Executive Chairman of the Board of WBA. Brewer, 58, will become the first Black woman to lead a Fortune 500 company. Former Livongo President, Jennifer Schneider, has joined Cityblock Health’s Board of
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DarioHealth Acquires Musculoskeletal Solution Upright for $31M
What You Should Know: - DarioHealth, a Livongo competitor acquires musculoskeletal startup Upright for $31 million to expand their chronic condition management capabilities focused on driving behavior change rather than treating the acute problem. This move will more than double revenue and create one of the largest integrated digital health companies in the space. In addition, DarioHealth rasiess $70 million through a private placement of its common stock priced at the market pursuant to
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Teladoc Health, Dexcom Offers CGM-Powered Insights to People with Type 2 Diabetes
What You Should Know: - Teladoc Health and Dexcom announced an expanded
partnership on a new offering measures the impact of continuous glucose
monitoring and real-time health recommendations for people with Type 2 diabetes
at no cost. Teladoc Health, Inc., the first and only comprehensive virtual care system, and DexCom, Inc., the leader in real-time continuous glucose monitoring (CGM), today announced that joint Livongo for Diabetes and Dexcom members will now
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2020’s Top 20 Digital Health M&A Deals Totaled $50B
Teladoc Health and Livongo Merge The combination of Teladoc Health and Livongo creates a
global leader in consumer-centered virtual care. The combined company is
positioned to execute quantified opportunities to drive revenue synergies of
$100 million by the end of the second year following the close, reaching $500
million on a run-rate basis by 2025. Price: $18.5B in value based on each share of Livongo
will be exchanged for 0.5920x shares of Teladoc Health plus cash consideration
of
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M&A: EverCommerce Acquires Healthcare Communication Platform Updox
What You Should Know: - Service commerce platform EverCommerce acquires Dublin,
OH-based Updox, a healthcare communication platform for in-person and virtual
care. - The acquisition
expands EverCommerce’s health services portfolio and enables the companies to
further their shared goal of simplifying the business of healthcare and
facilitating the growth of healthcare practices. Today, EverCommerce, a leading service commerce platform, completed the acquisition of Updox, a
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Digital Diabetes Market to Reach $1.5B by 2024, Research Finds
What You Should Know: - The digital diabetes market is on track to reach $1.5
billion dollars by 2024, according to a new report by Research2Guidance. - The confident growth of digital diabetes care will be driven by the growth of the global addressable market for digital diabetes services. Between 2019 and 2024, the number of diagnosed diabetics with access to smart devices is set to increase from 109 million to 180 million. - Digital diabetes solutions have disrupted the
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CareAsOne Summit 2020 Kicks Off Discussing Healthcare Transformation
This three-day virtual summit hosts over 40 industry experts discussing the challenges and transformation in healthcare. CareAsOne, a virtual healthcare professional community, officially kicked off its first-ever, global CareAsOne Summit. With Microsoft and AWS as technology partners, the community’s conference joins healthcare experts from all over the world to discuss the most healthcare pressing issues of today and perhaps tomorrow. Speakers started sharing their wins, challenges,
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Teladoc Health Completes Merger with Livongo
Telehealth
leader Teladoc Health today announced
it has completed its merger with Livongo
in just under three months. Here are things to know about the completion: Under
the terms of the merger,
Livongo shareholders will receive 0.5920x shares of Teladoc Health plus cash of
$11.33 for each Livongo share (including the special dividend declared by
Livongo). The company expects to directly deliver more than 10 million
virtual visits this year and has reported an additional three million
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