With $550M more in funding, Peloton's connected exercise equipment targets new markets

New York City-based Peloton has raised another $550 million in financing to support its connected home exercise equipment and virtual workout class business. With this Series F round, Peloton’s total funding is just shy of $1 billion raised.

The round was led by TCV, with support from returning investors Tiger Global, True Ventures, Wellington Management, Fidelity, NBCUniversal, Kleiner Perkins, and Balyasny. New investors such as Felix Capital, Winslow Capital, and other unnamed mutual fund partners participated as well.

Teladoc reports strong quarter, adopts 'Teladoc Health' branding across all subsidiaries

Teladoc reported a strong second quarter, coming off its acquisition of Advance Medical. The company reported $94.6 million in revenue, with $6.2 million of that coming from Advance. That constitutes 112 percent year-over—year growth for the telemedicine company. The company saw 533,000 total visits in the quarter and 22.5 million paid US members.

Fitbit's push into smartwatches pays off: sold-out Versa launch buoys wearable company in Q2

It was a bit of a bumpy start, but it’s beginning to look like Fitbit’s push into the smartwatch market is beginning to bear fruit. While the company is still operating at a loss, yesterday’s Q2 earnings report revealed that the Fitbit’s downward revenue and device sales trend was lessened by the success of its Versa smartwatch, which the company said has outsold all Samsung, Garmin, and Fossil’s smartwatches in North America combined.

Hospital tech officer breaks down blockchain for the layperson

While the term blockchain has populated numerous news feeds and executive board room conversations recently, just how the technology works and what it can do for healthcare has remained somewhat of a mystery for the layperson.

At the Digital Healthcare Innovations Congress in Boston yesterday Roger Smith, chief technology officer at Florida Hospital Nicholson Center, broke down how the technology works, what it could mean for the future of healthcare, and if the trendy technology is all that it's cracked up to be. 

InpharmD contracts with WellStar Health System, Liva and decadoo unveil joint offering, and more digital health deals

Drug information startup InpharmD has signed a three-year contract with Georgia’s WellStar Health System that will provide InpharmD’s mobile app to the system’s practitioners. Physicians, pharmacists, nurse practitioners, and physician assistants will be able to submit their drug queries through the AI-powered app and receive a customized and evidence-based response within a specified timeframe, with their answers then becoming immediately available to other users for future reference.