July 14, 2009
MINNEAPOLIS, July 14 /PRNewswire-FirstCall/ — Biotel Inc. (OTC Bulletin Board: BTEL) today announced that CardioNet has advised Biotel that it is terminating the Merger Agreement with Biotel due to a failure of Biotel to comply with the terms of the agreement. Biotel believes it has complied with all terms of the agreement and that CardioNet’s claim is without merit and inconsistent with...
July 14, 2009
It's been a tough couple of months for wireless arrhythmia monitoring company CardioNet: The company has terminated its plans to acquire Minnesota-based Biotel, which has its own cardiac arrhythmia monitoring business, an experienced design and development team plus manufacturing capabilities that were set to support CardioNet's growing business. The deal was originally pegged at $14 million but...
July 1, 2009
Texas-based arrythmia monitoring provider eCardio announced today an undisclosed minority investment from Sequoia Capital. This investment marks the first round of institutional funding for the company since its founding in 2004. Sequoia has previously invested in Apple, Cisco, PayPal, Google, Oracle, Yahoo, YouTube and other well-known tech companies.
"eCardio has experienced tremendous growth...
July 1, 2009
Apple's senior director of worldwide product development for the iPhone recently left the company to join venture capital firm Opus Capital as a general partner. Bob Borchers, 43, previously worked at Nokia and Nike before joining Apple in 2004.
Borchers told VentureWire he won't be leaving the wireless industry: his focus at Opus will include wireless and medicine as well as mobile marketing...
May 1, 2009
Who says there's no money to be made in the mHealth industry? Mobile authentication and security company Diversinet reported revenues of more than $2 million for the first quarter this year, including more than $1.6 million from additional customers it acquired through its relationship with AllOne Health.
The extra revenues helped Diversinet swing to a net profit of $182,000 compared to a net...
April 20, 2009
Photo Credit: Datadyne.org
Last week Vital Wave Consulting noted that a number of large technology vendors have made investments in mobile health initiatives for developed markets. Vital Wave pointed out that the timing was probably meant to coincide with the U.S. government's plan to invest $20 billion into modernizing healthcare. GE and Intel recently announced a joint $250 million investment...
February 20, 2009
New York-based Phreesia, which provides a free patient-intake solution for physicians' waiting rooms, raised $11.6 million in venture capital. The company's third round of funding was led by BlueCross BlueShield Venture Partners, which has a $116 million war chest into which eleven independent BlueCross and BlueShield companies have committed capital. Return investors Polaris Venture Partners,...
February 17, 2009
More mobile health-related news is trickling out of the big wireless conference: Mobile World Congress in Barcelona, Spain: The largest wireless carrier in Australia, Telstra is looking to healthcare as an opportunity during the worldwide economic downturn.
"But crisis can also breed innovation and opportunities," Telstra CEO Sol Trujillo told MarketWatch. As the recent Vodafone+U.N. mHealth...