WellnessFX, a supplier of blood management services for consumers and a Web portal for phlebotomy laboratories, has been acquired by Health Elements, which provides wellness services, including mobile apps and online coaching, for people looking to lose weight and fight chronic diseases, the companies said Monday. They did not disclose financial terms of the deal.
The combined company will retain...
Citing his experience at AOL, Co-Founder Steve Case told attendees at the mHealth Summit this week that entrepreneurs in new markets typically will experience three phases as a newer field like digital health matures: hype, hope, and happiness.
Hype, of course, is one of the first phases when most everyone is excited about the potential, but "revolutions happen in an evolutionary" way, Case said...
Qualcomm Life Fund's Jack Young
More than $4 billion has been invested in digital health startups in the past three years, Qualcomm Life Fund's director Jack Young told attendees at HIMSS' Venture+ event at the mHealth Summit this week, and that means those investors are expecting a total return of about $15 billion in the next five to seven years. Young said the excitement in digital health...
San Francisco-based Practice Fusion, which offers providers free electronic medical records software and patient management tools, has added another $15 million to its coffers, bringing its latest round of funding up to $85 million. Qualcomm Life Fund led the round with participation from new backer Longitude Capital and returning Practice Fusion investors Artis Ventures, Industry Ventures and...
DreamIt Health's Elliot Menschik
It's not uncommon for startups to fail, but DreamIt Health's Managing Director Elliot Menschik and Psilos Group cofounder Lisa Suennen have noticed that some failures are more common than others. Specifically, the two investors said a poorly set up team or a startup that isn't willing to change with technology leads to problems later on.
While Menschik focuses...
Respii, from QoL Devices
A new tech accelerator, focused exclusively on wirelessly connected devices, announced its first class -- and three health-related companies are among the ranks. The RGA Accelerator, a collaboration of TechStars and digital consulting firm R/GA, launched in September with a special focus on "startups that are creating physical products and connected applications."
The...
Misfit Wearables raised $15.2 million in a round led by Hong Kong-based Li Ka-shing's Horizons Ventures, according to TechCrunch. Former investors Founders Fund, Khosla Ventures, Norwest Venture Partners, O'Reilly AlphaTech Ventures, Paypal co-founder Max Levchin and incTANK also participated in the round. This brings Misfit's total funding to $23.8 million, including their Indiegogo campaign...
Boston-based Rest Devices, maker of baby tracking device Mimo, raised $1.2 million from Experiment Fund, Andy Palmer (Founder of Koa Labs), and Nuland & Arshad, according to an SEC filing. The company will use the money to bring its product to market.
"We are launching sales in mid January as well as bringing two additional products to market and growing our team," cofounder Dulcie Madden...
A non-health related demo of Fluential's software.
Billionaire doctor Patrick Soon-Shiong's Nant Health is making a big investment in voice interfaces for healthcare. The company is investing $8 million in Fluential, a stealthy but longstanding company working on "of speech optimization and deep language understanding tools for mobile devices, wearables and consumer 'personal assistant'...
Learn It Live's Alere-branded offering.
Healthbox has announced its seventh class of health startups and its second class in its home city of Chicago. The new class is sponsored by State Farm, and a number of hospitals and health systems in the midwest are partnering with Healthbox, namely St. Louis-based Ascension Health's Chicago-based health ministry; Alexian Brothers Health System;...
