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Medical table with circular scanner
By Laura Lovett 03:17 pm June 4, 2020
This morning, Nanox, a startup working on a “digital X-ray system,” landed an additional $20 million in new funding, bringing the company’s total funding to $80 million. The new infusion of cash came from South Korean company SK Telcom.  This comes just months after the Israeli company announced a $26 million raise led by Foxconn.  This new investment also comes with a partnership agreement...
By Laura Lovett 02:32 pm June 4, 2020
This morning Sharecare, a digital health engagement platform, scooped up tech-enabled behavioral health platform MindSciences for an undisclosed sum.  As part of this acquisition, MindSciences programs will be available to Sharecare’s enterprise partners and consumers. Currently its offerings are split into three programs: Craving to Quit, a smoking cessation-based program; Eat Right Now, a...
By Laura Lovett 02:52 pm June 3, 2020
Digital women’s health platform Maven announced that it has acquired parent-child relationship app Bright Parenting for an undisclosed sum. As part of the deal, Bright Parenting’s app will be embedded into Maven’s upcoming pediatrics and parenting program.  Bright Parenting is focused on helping parents form better relationships with their child. The tool specifically focuses on bonding with...
By Laura Lovett 01:55 pm June 3, 2020
This morning Bigfoot Biomedical, a diabetes startup focused on automating insulin delivery through a connected insulin pen, picked up an extra $10 million Series C funding, closing the round at $55 million. Pharma giant Abbott led the round with participation from Quadrant Capital Advisors Senvest Capital, Janus Henderson, Cormorant Asset Management and other funders.  When the first $45 million...
By Mallory Hackett 03:16 pm June 2, 2020
Throughout the coronavirus pandemic, healthcare companies have begun using new digital tools to help keep patients healthy. From virus-tracking APIs to remote monitoring, healthcare stakeholders are discovering just how important digital tools and strategies can be.  Having an effective digital strategy is different for each business, but it “largely consists of the organized use of tools and...
By Dave Muoio 03:14 pm June 2, 2020
Change Healthcare acquisitions target pharma customers. Nashville, Tennessee-based health IT company Change Healthcare has announced its second major digital pharmacy acquisition in as many months. Yesterday came news of its $208 million purchase of PDX, a decades-old integrated retail, specialty and outpatient pharmacy software maker. In early May, Change had picked up eRx Network, the maker of...
By MobiHealthNews 02:51 pm June 1, 2020
Healthcare voice chatbot maker Orbita has locked in $9 million as part of a Series A fund co-led by Philips Health Technology Ventures and HealthX Ventures. Cultivation Capital and Newark Venture Partners also took part.  Orbita's technology platform is employed by healthcare, life sciences and medical technology companies seeking conversational AI capabilities that can be deployed through online...
By Dave Muoio 02:34 pm June 1, 2020
With more patients and providers being exposed to telehealth and virtual care, a report published Friday by McKinsey predicts that as much as $250 billion of current U.S. healthcare spending could theoretically be virtualized. The key change has been the often-publicized surge of telehealth adoption accompanying the COVID-19 public health emergency. Citing a handful of recent consumer and...
By Dave Muoio 03:22 pm May 29, 2020
The leading digital health narrative emerging from the COVID-19 pandemic has been the rise of telehealth and live video consultations as a reliable modality for delivering care. In many ways, it was a case of preparation meeting opportunity – years of pilot programs, platform refinements, public funding projects and a number of very well established players all ready to adapt and expand when...
By Dave Muoio 11:30 am May 28, 2020
Bright.md, a Portland, Oregon startup offering an automated patient intake and virtual care connection platform, has closed $16.7 million in Series C funding. The oversubscribed round was headed by B Capital, Seven Peaks Ventures and Concord Health Partners, and also included support from new backers Philips Health Technology Ventures and UnityPoint Health Ventures. WHAT THEY DO Bright.md's...