May 1, 2020
Vida Health, a startup providing virtual chronic-conditions-management programs, has raised $25 million in new funding. Ally Bridge Group (ABG) led the raise, which also saw returning investors like AME Cloud Ventures, Aspect Ventures, Canvas Ventures, NGP Capital, Webb Investment Network and Workday Ventures.
Vida's approach combines live health coaches and therapists with a data-driven mobile...
April 30, 2020
When Teladoc Health wrapped up its last earnings call in February, the virtual-care company gave its revenue projections a modest bump and said that it was keeping an eye on COVID-19 cases in the event that it would need to scale the capacity of its telehealth network.
Three months later, and Teladoc CEO Jason Gorevic is sharing news of the company's "remarkable growth" across revenue, visit...
April 29, 2020
Fitness and sleep-tracking smart-ring-maker Motiv has been acquired by Proxy, a company specializing in digital-identity security. The companies announced the purchase in accompanying blog posts, and did not share the terms of the deal.
Proxy CEO Denis Mars wrote that his company has hired "a majority" of Motiv's employees, and will be shifting the focus of Motiv's consumer platform away from...
April 28, 2020
UnitedHealth Group's Optum is reportedly in late-stage talks with AbleTo regarding a roughly $470 million acquisition of the virtual behavioral-care company, according to unnamed sources who spoke to CNBC.
Optum is already a stakeholder in the New York company, having provided a "significant investment" through its Optum Ventures arm back in January of 2019.
At the time, Optum Ventures Principal...
April 28, 2020
Telehealth and medical messaging startup Medici has tied off a $24 million Series B financing round.
Announced yesterday, the raise was driven by the company's existing investors: Barry Sternlicht, from Starwood Capital Group; Kenneth Griffin, from Citadel; Nathan Kirsh, from the Kirsh Group; Howard Jenkins, from Publix; and Tom Meredith, formerly of Dell.
WHAT THEY DO
While Medici's mobile...
April 28, 2020
This morning a new startup dubbed Tomorrow Health launched its tech-enabled home-health-product service.
Patients first enter their insurance information, medical needs and state. The platform is then able to give them a personalized view of home health products that meet their health requirements and are covered under their insurance plan. The company also helps to fill out the insurance claim...
April 24, 2020
Computational pathology platform Paige scored an additional $5 million from Goldman Sachs this week, closing its Series B funding at $50 million – exactly double its Series A funding amount.
As part of the news, Paige announced that David Castelblanco, managing director at Goldman Sachs, will be joining its board of directors.
In December, the company announced its initial $45 million round that...
April 23, 2020
XRHealth, a virtual reality health application and services startup, has raised $7 million in a new funding round. The raise comes from Bridges Israel, Flint Capital and 20/20 HealthCare Partners.
WHAT THEY DO
The startup, which previously went by the name VRHealth, has developed a number of health applications for its VR platform. These offerings include virtual experiences for pain management,...
April 21, 2020
Digital diabetes-management company One Drop announced last week that it has acquired the assets, IP and certain staff of Sano Intelligence, the maker of a non-invasive connected CGM patch. The terms of this asset purchase were not disclosed.
Sano was founded in 2011, and over the course of the decade raised approximately $20 million from investors such as Fitbit, Intel Capital, True Ventures and...
April 20, 2020
Aledade, a Bethesda, Maryland-based startup that partners with providers to build tech-enabled accountable care organizations, has raised $64 million in a Series C funding headed by OMERS Growth Equity. California Medical Association, Meritech Capital, Echo Health Ventures, CVF and GV also participated.
The company said these funds will help it to continue growing new and existing ACOs in...