March 17, 2014
On Friday Castlight Health debuted on the New York Stock Exchange with an IPO that raised about $180 million for the company, much more than it had previously estimated in SEC filings. The company's stock then ramped up more than 160 percent during the day and closed at a price that valued the company -- which only had $13 million in revenues last year, at more than $3 billion.
March 14, 2014
By Brian Dolan
There is no shortage of sources for aggregate funding data for digital health companies, and while the overall numbers are helpful for hyping up growth of the digital health trend, more granular analyses of funding trends in digital health could prove to generate more insights about where funding dollars are going.
Toward those ends, MobiHealthNews' newest paid report is an...
March 13, 2014
Scottsdale, Arizona-based Stat Health Services, which offers the online doctor visit service Stat Doctors, raised $3.5 million, according to an SEC filing. This brings the company's total funding to at least $8.8 million to date.
The company told MobiHealthNews that it plans to release more details on the investment round later today.
Stat Doctors helps patients contact doctors about medical...
March 13, 2014
Corvallis, Oregon-based Kannact has raised $3 million in its first round funding from undisclosed angel investors. The company is working on an Android tablet-based home care and remote patient monitoring system called Gladstone.
CEO Krishna Rao told MobiHealthNews that the funding will go to feasibility testing and development of the product, which has so far only been deployed in pilots. The...
March 12, 2014
Mobile operator Sprint's Mobile Health Accelerator announced the 10 companies that will participate in its three-month program in Kansas City. The accelerator is thanks to a partnership with TechStars, and the companies first announced the accelerator in September 2013.
The 10 companies can receive up to $120,000 in funding, $20,000 upfront and the option to accept a $100,000 convertible debt...
March 12, 2014
PatientSafe Solutions, maker of mobile hospital workflow system PatientTouch, has secured a $3 million strategic investment and resale agreement from Telus Health, the healthcare arm of Canadian mobile operator Telus.
“This investment and exclusive reseller agreement is the latest validation of PatientSafe’s approach to supporting the future of healthcare on a global scale,” Joseph Condurso,...
March 11, 2014
Toronto, Canada-based mobile health company LionsGate Technologies (LGTMedical) raised $2 million to develop and test its smartphone attached pulse oximeter, called Phone Oximeter, according to a press release. Vancouver-based Coleco Investments CEO Irfhan Rajani invested $1 million and Grand Challenges Canada awarded LionsGate a $1 million grant.
Phone Oximeter is a small device that attaches to...
March 10, 2014
Tomorrow Networks, a joint venture between mobile clinical resources company Physicians Interactive and New York City-based Remedy Systems, has been acquired in full by Physicians Interactive. Tomorrow Networks billed itself as a mobile advertising network that serve ads specifically targeted to healthcare providers and patients based on their specialties, conditions, and locations -- among other...
March 6, 2014
Steve Krupa, Managing Member, Psilos
"We are about to have a significant flip in the competitive dynamics of healthcare," Steve Krupa, managing member and Chief Operating Officer, of healthcare investment firm Psilos told MobiHealthNews in a recent interview. "It’s going to be quite severe and shocking across the board for the big and small players delivering health insurance, providers, and...
March 4, 2014
Basis Science, the activity tracker company that makes the high-end Basis B1 Band, has reportedly been purchased by Intel for between $100 million and $150 million, TechCrunch has learned. The publication had previously reported that Basis was soliciting Google, Apple, Samsung, and Microsoft and was seeking a figure below $100 million.
If true, the buy would be a positive return for Basis...