February 26, 2021
Telehealth provider MDLive is being acquired by Cigna's health services subsidiary Evernorth, the two companies announced this morning.
The deal is expected to close sometime in Q2. The terms of the deal were not disclosed, although Cigna said that it would share additional information regarding the acquisition during its Investor Day event scheduled for March 8.
WHY IT MATTERS
MDLive is among...
February 25, 2021
After a year of incredible innovation across the digital health market, the task remains of how to make these products available to consumers at scale. Oftentimes, this means partnering with a payer that can offer coverage and reimbursement for the digital solution.
While making those partnerships stick is easier said than done, it is possible to get stakeholders from different spaces in...
February 24, 2021
New research on therapeutic virtual reality reports that an in-home, interactive program for chronic pain appeared superior to a non-interactive sham app experience for reducing multiple measures of pain among participants with self-reported chronic low back pain.
Published earlier this week in JMIR, the study was funded by therapeutic VR company AppliedVR and conducted by its employees alongside...
February 22, 2021
Circulo Health, a Columbus, Ohio-based insurtech startup targeting the Medicaid population, has announced itself with the backing of $50 million from Drive Capital, General Catalyst, Oack HC/FT and SVB Capital.
WHAT IT DOES
Circulo is still very much in its early days. Its public presence so far is a sparse homepage that connects to a LinkedIn page and an email address for interested job seekers...
February 17, 2021
App-based primary care provider 98point6 today announced a new integrated behavioral health offering for its employer, health plan and health system clientele.
Founded in 2015, the company's app-based platform uses artificial intelligence and machine learning to conduct a text-based conversation with users, allowing it to build up a patient profile before matching them to a clinician for virtual...
February 15, 2021
SPAC rumors pan out. Just a few weeks after rumors spread of Sharecare's upcoming merger with a special purpose acquisition company (SPAC), the patient-engagement and benefits-navigation platform made it official with an announcement on Friday.
Sharecare will be merging with Falcon Capital Acquisition and listing on NASDAQ. The deal is set to be funded through $345 million in cash in trust from...
February 10, 2021
NASA astronauts prepping for a space mission are about to get a new gadget thanks to a deal between the agency and Fitbit.
The two inked a deal in order to provide a Fitbit devices to 1,000 NASA employees—including 150 astronauts, in order for the workforce to make more informed decisions about going to work onsite during COVID-19.
With the deal, which is part of Fitbit’s Ready for Work program,...
February 8, 2021
Late Friday, New York City-based health insurance company Oscar Health unveiled plans to kick off an initial public offering.
The tech-enabled company will list on the New York Stock Exchange under the symbol OSCR. Oscar temporarily listed the size of the offering as $100 million, although that value could change as the company hammers out the quantity of shares and price range it will be...
February 5, 2021
Google’s $2 billion acquisition of Fitbit last month has been met with concern from privacy advocates worried about how the tech giant will use personal fitness data. This reaction prompted the tech giant to clarify that the acquisition is "about devices, not data."
The deal has brought to light a larger issue that we all seem to gloss over: Every day, millions of people publicly share seemingly...
February 5, 2021
Maternal and child health are critical for digital solutions that positively impact pregnancy outcomes. As early as 2016, this category of app saw approximately 200 million downloads as the broader consumer marketplace looked to smartphone trackers for fertility and maternity education.
While the COVID-19 pandemic has added an additional reason to have care online that avoids an in-person...