Finance

Two healthcare providers looking at a brain scan
By  Jessica Hagen 11:57 am July 3, 2023
Belgium-based brain imaging AI company icometrix announced it received a CPT III code from the American Medical Association enabling reimbursement of its FDA-cleared brain MRI quantification software.  icometrix AI-supported quantitative brain analysis software provides metrics for cerebral MRI scans to help clinicians diagnose, monitor and evaluate treatment responses in patients with...
Lynne Chou O'Keefe, founder and managing partner of Define Ventures
By  Jessica Hagen 10:53 am June 30, 2023
Define Ventures, a venture firm whose portfolio consists of well-known early-stage startups in Silicon Valley, received $460 million in Fund III and Opportunities Funds and is looking to expand its investments in digital health. The firm invested in Folx, which offers virtual healthcare services for the LGBTQ+ community, hybrid women's healthcare provider Tia, digital care management platform...
Two people, one lying in a hospital bed and the other leaning over the bed, with both looking at a baby
By  Jessica Hagen 04:25 pm June 27, 2023
Owlet, a tech company focusing on smart baby monitoring, announced it would proceed with a 1-for-14 reverse stock split of its Class A common stock effective July 7. The announcement comes just one week after the company reported it obtained FDA clearance for its prescription pulse oximetry sock for infants dubbed BabySat.  The stock will trade on a split-adjusted basis when the New York Stock...
Person sitting in a wheelchair with a healthcare provider next to them, looking out a window
By  Jessica Hagen 12:57 pm June 26, 2023
Tennessee-based Clover Health announced it reached an agreement to settle seven lawsuits in Delaware, New York and Tennessee pertaining to allegations the company did not disclose it was under active investigation by the Department of Justice when it went public in 2021.  Clover Health provides Medicare Advantage insurance plans and offers provider tools, such as its Clover Assistant, which...
People standing in a room shaking hands in front of a large window
By  Jessica Hagen 10:45 am June 23, 2023
Multinational digital health firm Babylon announced it has accepted a take-private proposal from AlbaCore Capital on behalf of its affiliate digital-neurotherapy company MindMaze, which will transition Babylon from a publicly-traded company to a private entity. Babylon and MindMaze, which makes game-like rehabilitation tools for neurological conditions and injuries, will form a global privately-...
InstantScripts mobile app Photo courtesy of InstantScripts
By  Adam Ang 11:41 pm June 13, 2023
Australian Pharmaceutical Industries, a wholly-owned subsidiary of ASX-listed conglomerate Wesfarmers, is buying local telehealth business InstantScripts for A$135 million ($91 million).  Founded in 2018, the online health clinic offers a range of digital services, including telehealth consultations, online prescriptions, medical certificates, blood test requests, health management plans and...
Person sitting at a computer holding a coffee cup with a striped shirt on
By  Jessica Hagen 02:24 pm June 13, 2023
Chronic care management platform Thirty Madison has acquired the assets of online birth control pharmacy The Pill Club following the company's bankruptcy in April.  New York-based Thirty Madison purchased over 100,000 patient files from the bankrupt company for $32.3 million, according to Axios.  Thirty Madison said that thanks to its strategic asset purchase, the company will ensure continuity...
Dr. Daniel Kraft, founder and chair of Digital.Health and NextMed Health and general partner at Continuum Health Ventures
By  Jessica Hagen 01:54 pm June 12, 2023
As a long-time innovator and Stanford and Harvard-trained physician and scientist, Dr. Daniel Kraft has seen how technological advancements impact patient care and has spoken extensively on the intersection of healthcare and technology.   Kraft, who is also founder and chair of Digital.Health and NextMed Health, and also general partner at Continuum Health Ventures, sat down with MobiHealthNews...
A pregnant person sitting in a chair while looking at a tablet
By  Jessica Hagen 02:06 pm June 9, 2023
Pomelo Care, a virtual maternity care platform, scored $33 million in seed and Series A funding led by Andreessen Horowitz.  The New York-based company partners with employers, health plans and providers to offer virtual fertility, pregnancy and newborn care from preconception through a baby's first year. Its offerings include nutrition counseling, educational content, primary and women's care,...
Three people sitting around a table with food on it. One person is wearing a pink head scarf, one a blue shirt and the other a white shirt
By  Jessica Hagen 11:01 am June 6, 2023
Tech-enabled food delivery company FarmboxRx announced the launch of Feed by FarmboxRx, an application-based program to supply individuals affected by cuts to SNAP benefits with produce and pantry staples.  The program will allow six boxes of produce to be delivered to select individuals each month, along with educational magazines for food preparation recommendations.    Applications for...