DispatchHealth Raises $330M for Hospital-at-Home Care DispatchHealth, a provider of in-home medical care raises $330M led by Optum Ventures with support from current investors such as Humana (NYSE: HUM), Oak HC/FT, Echo Health Ventures and Questa Capital. New investors included Adams Street Partners, the Olayan Group, Silicon Valley Bank, Pegasus Tech Ventures and Blue Shield of California. Patients and their care partners can request DispatchHealth medical care via phone, mobile app, or
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ResMed
ResMed Acquires Digital Therapeutics App for Insomnia
What You Should Know: - Today ResMed, a provider of digital health solutions for sleep and respiratory care, acquires Germany-based mementor, the maker of somnio, which provides a digital solution for treating insomnia and marks ResMed’s first foray into the digital therapeutics space. - Founded in 2014, somnio is Germany’s first and only permanently approved Digital Health Application (DiGA) in the field of sleep medicine and thus eligible for reimbursement in
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ResMed Acquires MEDIFOX DAN for $1B, Expands Healthcare SaaS Business
What You Should Know: - ResMed acquires MEDIFOX DAN, a German leader in software solutions for home health, nursing home, and outpatient therapy providers, for $1 billion. This acquisition marks ResMed’s largest SaaS acquisition to date and expands its SaaS business outside of the U.S. for the first time. - As part of the acquisition, MEDIFOX DAN will integrate into ResMed’s SaaS business, allowing ResMed to serve new settings: outpatient therapy services, and youth
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Cerner, Banner Health, Xealth Partner to Simplify How Clinicians Prescribe Digital Health
What You Should Know: - Cerner Corporation today announced with Xealth new centralized digital ordering and monitoring for health systems, starting with Banner Health, to foster digital innovation. - Health systems can prescribe digital therapeutics, smartphones, and internet apps directly within the EHR to address areas such as chronic disease management, behavioral health, maternity care, and surgery prep. Cerner, today announced it’s building on the recent collaboration with
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Cerner Invests in Xealth to Jointly Develop Digital Health Solutions for Clinicians
What You Should Know: - Cerner and Xealth announce a collaboration to foster tighter physician-patient relationships by giving patients easier access to digital health tools. - These assets will be prescribed directly within the physician’s EHR workflow to manage conditions including chronic diseases, behavioral health, maternity care, and surgery preparation. - Cerner and LRVHealth have together invested $6 million in Xealth as part of this agreement, with Cerner and Xealth planning
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Analysis: January Health IT M&A Activity; Public Company Performance
– Healthcare Growth Partners’ (HGP) summary of Health IT/digital health mergers & acquisition (M&A) activity, and public company performance during the month of January 2020. Ten years into the bull market, we operate in a heightened state of awareness for any indication of market weakness that may signal a downturn. While debt levels are rising and GDP growth somewhat sluggish, the world of private equity, public equity, and M&A continues to be in full swing bull market
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Cerner Designates ResMed’s Home Health & Hospital Platform As Its Preferred Solution
- Cerner forms a collaboration with ResMed to designate ResMed’s Brightree Home Health and Hospice platform as its preferred solution.- Cerner also plans to connect other ResMed digital health data platforms—including those that support 10 million-plus cloud-connectable sleep apnea and respiratory care devices—to its EHR and HealtheIntent population health platform.Cerner and ResMed, a world-leading digital health company, today announced a new collaboration agreement to help providers make more
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Digital Prescribing Platform Xealth Raises Additional $3M to Close $14M Series A Round
Xealth, a Seattle-based digital prescribing platform has raised an additional $3 million in its Series A financing, bringing the amount raised in this round to $14 million total. New investors Atrium Health, Cleveland Clinic and MemorialCare Innovation Fund join McKesson Ventures, Novartis, Philips, ResMed, Threshold Ventures (formerly DFJ Venture), Providence Ventures, UPMC and Froedtert and the Medical College of Wisconsin health network. Investments from this round will be used to advance the
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Redox Lands $33M for Scalable Healthcare Data Interoperability Platform
Redox, a Madison, WI-based company that is changing the way healthcare providers and software vendors share data has raised $33 million in Series C funding led by Battery Ventures. The Series C round also included participation from existing investors .406 Ventures, RRE Ventures, and Intermountain Ventures. Finally. A Scalable Way to Exchange Healthcare Data Currently, inconsistent data formats and redundant connections slow, or completely prevent the flow of critical health information,
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Digital Prescribing Platform Xealth Raises $11M to Expand Digital Health Tools
Xealth, a Seattle-based digital prescribing platform has raised $11 million in Series A funding from McKesson Ventures, Novartis, Philips, and ResMed. Existing investors Threshold Ventures (formerly DFJ Venture), Providence Ventures, UPMC and Froedtert and the Medical College of Wisconsin health network also participated in the round.Xealth BackgroundSpun out of Providence St. Joseph Health in 2017, Xealth enables clinicians to prescribe and monitor digital healthcare content, apps, devices, and
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