Health informatics and data collection company Medical Informatics announced its receipt of $27 million, made up of a $17 million Series B round plus $10 million in debt.
The equity round was co-led by Catalio Capital Management's venture capital strategy and Intel Capital, while Catalio Capital Management led the additional $10 million debt through its structured equity strategy.
New investors...
Med-tech company iCAD announced it would incorporate Google Health's mammography AI technology into its breast-imaging solutions thanks to a strategic development and commercialization agreement.
Cancer detection and therapy solutions platform iCAD will utilize Google's AI breast-imaging technology in its portfolio, including its clinical decision support tool for breast cancer risk-estimation...
ASX-listed health tech firm CardieX announced it acquired Silicon Valley-based Blumio, a developer of cardiovascular sensor algorithms and data analytics tools.
CardieX focuses on hypertension, cardiovascular health and other arterial health disorders, while Blumio develops wearable-sensor technologies focused on capturing cardiovascular data, including blood pressure measurements.
The...
AI-enabled care facility automation platform care.ai announced it raised $27 million in funding led by multi-asset investment firm Crescent Cove Advisors.
WHAT IT DOES
The Florida-based company's Smart Care Facility Platform includes a network of sensors spread through a care facility that monitors patients using AI, which allows a facility to collect real-time behavior data for clinical and...
Morgan Health, JPMorgan Chase's healthcare business unit, announced that Dr. Cheryl Pegus will support the company's strategic investments aimed at closing gaps in healthcare, working closely with Dan Hartman and Jeff Reis, who lead the company's ventures and investment efforts.
Pegus previously served as executive vice president for health and wellness at Walmart, where she helped launch...
There was a massive influx of capital provided to digital health companies in 2021, but there's since been a contraction in the public market, with digital health funding decreasing.
Still, with the increased investments seen last year, companies' valuations rose and many gained unicorn status, a term given to privately held companies valued at a billion dollars or more.
But were companies...
Denver-based in-home care provider DispatchHealth raised $330 million in funding, with the equity raise led by Optum Ventures. This brings the company's total raise to over $700 million.
New investors Blue Shield of California, Olayan Group, Adams Street Partners, Pegasus Tech Ventures and Silicon Valley Bank joined in funding. Existing investors supported the round, including Humana, Questa...
Google Cloud, health insurer Highmark Health and League, a platform that helps healthcare organizations and consumer health companies build digital tools, announced a partnership to build a digital health platform for Highmark members.
The My Highmark member portal provides the insurer's members with what the companies call a "digital front door," where they can navigate their care, pay bills,...
The FDA posted a notice saying the recall of Insulet's Omnipod DASH Insulin Management System Personal Diabetes Manager is a Class I, the most serious recall indicating the devices could cause serious injuries or death.
The Massachusetts-based company's system consists of two parts: A wearable and tubeless pump that delivers insulin, dubbed the Pod, and a remote controller with a battery pack...
Multinational digital health firm Babylon reported its third quarter revenue had grown to $288.9 million, a 3.9x year-over-year boost, thanks to an increase in its value-based care business primarily driven by growth in Medicare membership.
Babylon reported a loss of $89.9 million for the period, compared to a $66 million loss in Q3 2021. Adjusted earnings before interest, taxes, depreciation and...
