Investors

By Dave Muoio 11:57 am August 11, 2020
Continuous glucose monitoring (CGM) system-maker Senseonics has cut a deal with Ascensia Diabetes Care and its parent company, PHC Holdings, outlining commercialization and distribution of the Eversense product line over the next few years. According to the companies, Ascensia now holds exclusive global distribution rights for the Eversense, Eversense XL and future CGMs. The duration of the...
By Laura Lovett 11:26 am August 11, 2020
This morning medical device company Medtronic announced its plans to buy Companion Medical, which is best known for making the InPen, an insulin pen that integrates a companion app, for an undisclosed sum.  Companion Medical has been in the digital health game for some time. Its InPen fist scored FDA clearance in 2016 and its funding round attracted the likes of pharma giant Eli Lilly. The...
By Dave Muoio 03:38 pm August 10, 2020
Lumeon, a Boston- and London-based care-management-automation startup, has announced $30 million in new Series D funding. Optum Ventures and Endeavour Vision co-led the raise, which also included LSP, MTIP, IPF Partners, Gilde and Amadeus Capital Partners. WHAT IT DOES Lumeon's primary offering is its EHR-integrated Care Pathway Management platform. The tool incorporates clinical and...
By Dave Muoio 03:54 pm August 7, 2020
Digital health prescription platform Xealth and health IT supplier Cerner have announced plans to incorporate Xealth's technology into Cerner's EHR and patient portal. By doing so, clinicians and care teams will be able to order and deploy more than 30 digital health programs supported by the Providence-St. Joseph Health spin-off's platform. The focus of these digital offerings includes chronic...
By MobiHealthNews 02:38 pm August 7, 2020
Shortly before news broke that Teladoc was set to acquire Livongo, the chronic disease management company announced its quarterly earnings results. On Aug. 5 it announced that its second quarter total revenue came in at $91.9 million, which was up 125% YoY. The company reported a GAAP gross margin of 76.6% and non-GAAP gross margin of 77.3%. The company attributed the gains to its growing...
By Laura Lovett 02:29 pm August 6, 2020
This morning, Infermedica, a Wrocław, Poland-based artificial intelligence triage system, announced that it closed its Series A funding round with $10.25 million. European Bank for Reconstruction and Development and Heal Capital led the round with participation from Karma Ventures, Inovo Venture Partners and Dreamit Ventures.  This comes roughly a year after Infermedica announced a $3.65 million ...
By Dave Muoio 02:24 pm August 6, 2020
Ginger, the San Francisco-based behavioral health startup formerly known as Ginger.io, announced today a $50 million Series D funding round. Advance Venture Partners and Bessemer Venture Partners headed the raise, which also saw participation from Cigna Ventures, Kaiser Permanente Ventures and LinkedIn Executive Chairman Jeff Weiner. With this, the company said it has raised more than $120...
By Laura Lovett 01:43 pm August 5, 2020
Private equity firm Blackstone is set to acquire a majority share of consumer-genomics company Ancestry for $4.7 billion. The firm, which is currently owned by other investors, including Silver Lake, GIC, Spectrum Equity and Permia, got its start using genomics to tell customers about their heritage. However, it has recently shifted to also incorporate health information. After the deal is...
By Dave Muoio 11:12 am August 5, 2020
Sight Diagnostics, an Israeli startup developing a machine-vision-based finger-prick analysis device, announced today $71 million in Series D funding. Koch Disruptive Technologies, Longliv Ventures and OurCrowd all participated in the round. According to the company, this newest raise brings its lifetime funding to more than $124 million. WHAT IT DOES Founded in 2011, Sight Diagnostics offers an...
By Laura Lovett 09:46 am August 5, 2020
Digital health titans Teladoc Health and Livongo are merging under the Teladoc name. The deal values the 12-year-old digital chronic care-management company Livongo at $18.5 billion.  Teladoc CEO Jason Gorevic is expected to remain at the helm of the soon-to-be joint company, while Livongo’s CEO and founder Glen Tullman will be taking up a seat on the Teladoc board.  Teladoc plans to buy Livongo...