December 2, 2019
Quartet Health, a startup focused on behavioral health and primary care, has tacked an extra $7.5 million onto its $60 million Series D round courtesy of a new investment from Echo Ventures — the joint venture arm of Cambia Health Solutions and Blue Cross of North Carolina — as well as Deerfield Capital, a representative of the company told MobiHealthNews.
The announcement comes as the startup...
April 11, 2018
Digital chronic disease management company Livongo has raised $105 million in new Series E funding, mostly from existing investors. The company also announced a partnership with nonprofit health insurance company Cambia Health Solutions. General Catalyst and Swedish investment company Kinnevik led the round, with additional participation from existing investors DFJ, Kleiner Perkins Caufield...
November 15, 2016
Cambia Health Solutions and Mosaic Health Solutions have combined their respective investment groups into one new investor called Echo Health Ventures. Under the leadership of CEO Rob Coppedge, who has led Cambia’s investment division for the past six years, the new company will manage both companies’ existing portfolios as well as pursue new stage-agnostic investments in healthcare innovation.
October 19, 2016
Eleven private insurers, including Aetna, Humana, and Anthem, have written a public letter to the Congressional Budget Office urging the CBO to consider data from private insurers in estimating the cost savings associated with telemedicine.
In the letter, emailed to MobiHealthNews by pro-telemedicine lobby group the Alliance for Connected Care (which is not a signatory), the insurers ask CBO...
August 11, 2016
MDSave, a Nashville, Tennessee-based healthcare transparency company, secured a $5 million investment from Cambia Health, a holding company that owns a number of large insurance plans, MobiHealthNews has learned.
“It was a strategic investment by Cambia to help MDSave expand our portfolio of our payer services that we offer,” MDSave CEO Paul Ketchel told MobiHealthNews. “We have a partnership...
July 13, 2016
Caremerge, the Chicago-based company offering care coordination software for assisted living facilities, has raised $14 million in funding. Insight Venture Partners led this funding round, which will enable Caremerge to expand in the post-acute care market. Additional funders were previous investors Grazyny Kulczyk, Cambia Health Solutions, Ziegler LinkAge Longevity Fund, GE Ventures and Arsenal...
February 1, 2016
Cambia Health Solutions, a Portland, Oregon-based health insurance company, has shut down its mobile payment startup Wellero after two years. With only about 1,100 users on the app despite it being deployed at 700 health plans, it appears the service just failed to get traction. Oregon health news site The Lund Report first reported the news.
"We’ve decided to wind down operations of Wellero,"...
December 9, 2015
Cambridge, Massachusetts-based GNS Healthcare, which has developed an analytics tool for precision medicine and population health, raised $10 million from Celgene Corporation, Alexandria Real Estate Equities, and Gi Global Health Fund. Existing investors Cambia Health Solutions, Heritage Provider Network, and Mitsui USA, the US subsidiary of Japan’s Mitsui & Co, also participated. This brings...
July 28, 2015
Israeli digital health device maker TytoCare raised $11 million in a round led by Cambia Health Solutions. Existing investors include OrbiMed Israel Partners, LionBird, Walgreens, and Fosun Pharma. This brings the company's total funding to $18.5 million to date. Update: A previous version of this post had a less precise figure for the company's total funding.
TytoCare is developing a handheld...
June 29, 2015
San Francisco-based Wildflower Health has raised $5 million in a round led by Easton Capital and Hatteras Venture Partners with participation from existing investors Cambia Health Solutions and HealthTech Capital. The company has raised at least $6.7 million to date.
Wildflower Health offers an app, called Due Date Plus, which helps pregnant women track their symptoms, monitor key milestones,...