Investors

By Aditi Pai 05:10 am February 3, 2014
Cost transparency company Castlight Health has filed paperwork for an initial public offering with the SEC, according to a report by Dan Primack over at Fortune. The report also says Castlight is expected to seek a valuation upwards of $2 billion. Goldman Sachs is slated to lead the offering and Morgan Stanley is expected to serve as underwriter. The company's IPO has been expected for just under...
By Jonah Comstock 06:43 am January 30, 2014
Atlanta-based Bioscape Digital has acquired Chattanooga-based Picture Rx to build out its tablet-based patient engagement platform. PictureRx had previously raised $2 million in grant funding from the National Institutes of Health. Although the company did not disclose the terms of the deal, CEO Stuart Bracken told MobiHealthNews that "inherently it makes sense that it would be north of that $2...
By Aditi Pai 12:34 pm January 27, 2014
San Francisco-based exercise app Fitmob has raised $9.8 million from Mayfield Fund, Sillicon Valley Bank and prominent individuals, according to a press release. Fitmob also released its beta app earlier this week. “Fitness is a passion of mine, but the current model is broken – with 30 million Americans wasting billions of dollars per year on memberships they don’t use, and hundreds of thousands...
By Brian Dolan 06:35 am January 27, 2014
More than a few MobiHealthNews readers were less than impressed by the predictions made in the PSFK and Intel report on wearables we covered last week. Here's one: Everydayfella: "There is exactly a 0 percent chance that implantables will be mainstream or even a viable marketplace by 2018... or 2028 for that matter. Good rule of thumb: Whatever an R&D scientist tells you for time-to-market,...
By Jonah Comstock 02:30 am January 27, 2014
Secure messaging platform TigerText raised $21 million in second round funding to expand its business. Shasta Ventures led the round, with new investors OrbiMed, Reed Elsevier Ventures, and TELUS Corporation also contributing. Existing investors Easton Capital, New Leaf Venture Partners, and New Science Ventures made up the rest of the round. "[Shasta Ventures] have a really significant...
By Brian Dolan 06:11 am January 23, 2014
Earlier this month the Federal Trade Commission published a notice that granted UnitedHealth Group a preliminary green light to acquire Audax Health Solutions. These notices are granted both for outright acquisitions and for larger investments that include a large stake in the company. Since neither UnitedHealth Group nor Audax Health has commented yet, it's unclear which is in the works, but the...
By Aditi Pai 03:41 am January 23, 2014
San Francisco-based First Opinion raised $1.2 million in a seed round led by Felicis Ventures with additional funding from Greylock, Yuri Milner, and 500 Startups to try to meet the demand for First Opinion's patient-to-doctor in-app messaging system. First Opinion aims to primarily target their app towards parents. The app acts as a communication system for users to ask doctors health-related...
By Brian Dolan 07:39 am January 22, 2014
Sunrise, Florida-based MDLive, which offers telehealth services including patient-to-physician remote visits via mobile devices, has raised $23.6 million in nw funding led by Heritage Group with participation from Sutter Health and Kayne Anderson Capital Advisors. The company's first strategic investor and connected care customer was Norfolk, Virginia-based healthcare system Sentara Healthcare,...
By Brian Dolan 06:25 am January 21, 2014
Google got the digital health community talking in the past few weeks as its meeting with the FDA first emerged in reports sparse on details. Soon after the company announced its Google[x] team's project for glucose sensing contact lenses, which more than one MobiHealthNews reader has panned as a non-starter. Perhaps even more interestingly, the company's high-profile acquisition of smart...
By Brian Dolan 04:34 am January 20, 2014
Brent Lang, President & CEO, Vocera Communications As MobiHealthNews reported last week Vocera Communications, one of the few public companies working in digital health, acquired alarms management company mVisum for $3.5 million. At the end of last week MobiHealthNews caught up with Vocera President and CEO Brent Lang to discuss the deal. mVisum was looking to raise money: Lang said Vocera...