About half of all US digital health startups will fail within two years of launching, according to an Accenture report that analyzed 900 healthcare IT start-ups.
(Correction: The original lead and headline of this article incorrectly implied Accenture had conducted a retrospective study of health startups that failed rather than a study that mostly relies on historical funding data to make ...
Michigan's integrated health system Spectrum Health announced at the end of the year that it would shut down Ideomed, a mobile health app developer that spun out of the provider in 2010. According to a report in local business journal MiBiz, Spectrum pulled the plug after "tepid sales" and a lack of interest from outside investors.
Ideomed will fully wind up by the end of the month and its 26...
Misfit Wearables, a wearable devices startup founded by AgaMatrix co-founders Sonny Vu and Sridhar Iyengar and former Apple CEO John Sculley, recently raised a $7.6 million round of funding co-led by Brian Singerman of the Founders Fund. According to a report in TechCrunch, the other as-yet-unnamed lead venture capital firm was Khosla Ventures. Singerman also led the Founders Fund investment in...
