Investors

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...

Felicity Yost and Carolyn Witte, cofounders of Tia/photo credit: Tia

By Laura Lovett 11:14 am May 28, 2020
This morning Tia, a tech enabled women’s health company, closed its Series A round raking in $24.27 million in new capital. Threshold Venture’s Emily Melton led the round with participation from Define Ventures, ACME, Torch Capital, John Doerr, Homebrew and Compound. WHAT THEY DO Tia follows a hybrid model of care – it offers both brick-and-mortar services and virtual tools to patients. The New...
By Laura Lovett 03:43 pm May 27, 2020
For quite a while now, tech titans Facebook, Amazon, Microsoft, Google and Apple have been quickly gaining prominence in the healthcare industry. In a new report, CB Insights dives into what each of the companies are up to and possible next moves.  First, Facebook, the report shines light on the fact that it has the ability to look at huge swaths of user data and behaviors. It also looks at how...
By Dave Muoio 03:23 pm May 27, 2020
Higi, the maker of health kiosks found in retail pharmacies and groceries, has raised $30 million in a new funding round led by symptom-check chatbot service Babylon Health. The raise also included participation from Higi's prior backers, including 7Wire Ventures, Flare Capital Partners, Jumpstart Capital, Rush University Medical Center for Health and William Wrigley Jr. WHAT THEY DO Higi's...
By Dave Muoio 12:21 pm May 26, 2020
insitro and Exscientia, two platforms using artificial intelligence to drive the discovery of new drugs, announced this morning the raise of $143 million and $60 million, respectively, from investors. insitro's oversubscribed Series B round was headed by Andreessen Horowitz, and joined by new backers Canada Pension Plan Investment Board, T. Rowe Price Associates, BlackRock, Casdin Capital, HOF...