- From Google's acquisition of Fitbit to Philips acquisition of Carestream Health's health IT business, here is a look at some of the biggest health IT/digital health mergers & acquisitions in 2019 by each quarter.
Q1 M&A Activity
Johnson & Johnson Acquires Auris Health for $3.4B to Expand Digital Surgery Portfolio
Johnson & Johnson acquiresAuris Health, a developer of robotic technologies for $3.4 billion in cash. Auris Health is a privately-held developer of
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Oncology Technology Solutions, Services Impacting Patients and Providers
Paige Raises $45M to Expand AI-Native Digital Pathology Ecosystem to Accelerate Biomarker Discovery
- Paige raises $45M in Series B funding led by Healthcare Venture Partners with participation from Breyer Capital, Kenan Turnacioglu, and others. - The funding will be used to accelerate commercial efforts of its AI-native digital pathology ecosystem in the U.S., Europe, Brazil, and Canada. Paige, a NYC-based leader in computational pathology transforming the diagnosis and treatment of cancer, today announced it has closed its Series B funding round of $45 million, bringing the Company’s
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CVS Health Launches Transform Oncology Care Program, Partners with Tempus
- CVS Health launches Transform Oncology Care, which includes a comprehensive, first-of-its-kind precision medicine approach to oncology management for payors in collaboration with Tempus.- Transform Oncology Care includes an innovative precision medicine strategy that increases access to broad-panel gene sequencing tests for patients diagnosed with certain advanced-stage cancers. - The program also uses CVS’ local footprint and unique assets to improve patient outcomes and lower costs every
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Unlike Theranos: FDA Clears Sight Diagnostics’ Finger-Prick Blood Test for U.S. Market
- Sight Diagnostics, the company working to provide patients with lab-grade blood testing results in minutes, has received US FDA 510(k) clearance for its finger-prick blood test, OLO analyzer to be used in laboratories run by diagnostic providers and hospitals.
- Sight Diagnostics’ patented OLO analyzer digitizes blood into images to perform the most common blood test in minutes, from just two drops of blood
- The FDA clearance follows clinical trials at Boston Children’s Hospital,
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Elevating The Hospital Room Waiting Experience: 6 Factors to Consider
We spend so much time in our healthcare facilities’ public waiting areas, so it should come as no surprise that one survey found that 63 percent of patients cite the most stressful thing about going to their doctor is waiting to be seen. Additionally, research has shown that 85 percent of people believe that wait time is either somewhat or very important to their overall patient experience. Doctor and hospital visits comprise some of the most anxiety-ridden events in our lives.
Who wouldn’t want
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Philips Unveils Next-Gen Enterprise Imaging Solution to Embed Intelligence Across Patient Journey
- Philips launches next-generation enterprise imaging solution designed to connect clinical capabilities and optimize workflows around every step in the patient’s journey.- The new enterprise imaging solution supports hospitals and imaging centers as they seek to connect and optimize performance, improving the patient experience, health outcomes, and staff experience, while lowering the cost of care.Royal Philips, today introduced its next-generation enterprise imaging solution that delivers a
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IBM Watson Health Unveils Imaging AI Marketplace of FDA-Cleared Solutions
- IBM Watson Health unveils two new products at RNSA 2019, Clinical Review 3.0 and The Imaging AI Marketplace. - Clinical Review 3.0, a tool recently launched in the UK that analyzes medical imaging studies and their associated reports to identify potentially missed findings, facilitating higher quality and more comprehensive care for the patient.- The Imaging AI Marketplace is a single-source solution designed to help simplify the complex process of locating, purchasing, deploying and managing
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EMR Replacement: Abstraction or Data Migration?
Most healthcare organizations have already managed the transition from paper to electronic medical records. It was time-consuming, challenging and nerve-wracking. But with the first-generation of EMRs approaching the end of their usefulness, with mergers and acquisitions requiring the adoption of new systems (most incompatible with the legacy systems), with the advent of new government standards, more rigorous legal requirements and higher expectations associated with “value-based care” and
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Baystate Health’s Innovation Arm, Life Image Partner on AI Initiative for Cancer Research & Treatment
- Baystate Health selects Life Image to leverage artificial intelligence (AI) to advance cancer research and increase treatment access. - Life Image will work with Baystate’s innovation arm, TechSpring, to develop and evaluate AI solutions to improve treatment decisions and clinical trial matching for cancer patients.Baystate Health, a Boston-based integrated health system serving more than 800,000 patients in western New England, today announced a strategic partnership with Life Image, the
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AppliedVR, NCI Partner to Evaluate VR As Therapy for Cancer-Related Anxiety
- AppliedVR announced a collaboration with the National Cancer Institute (NCI), part of the National Institutes of Health (NIH) to evaluate virtual reality (VR) as a solution to help address the underlying cancer-related anxiety. - The proof-of-concept study will evaluate AppliedVR’s virtual reality system on neuro-oncology patients’ “scanxiety,” a term used to describe the anxiety patients with cancer experience before or after medical diagnostics scans.AppliedVR, a Los Angeles, CA-based
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