European tech giant Philips has inked a deal to acquire Medumo, a startup focused on tracking and triaging patients. The news, which CNBC first reported, means the small Boston-based company will now be joining Philip’s growing digital health portfolio.
“We're excited to share with you that Medumo is now a Philips company,” reads a banner on the Medumo website. “Our partnership with Philips will...
The first half of 2019 has been bigger for digital health than any year opening before it, according to a new funding report from Mercom Capital Group.
While these conclusions were similar to those of MobiHealthNews and Rock Health, both released earlier this month, Mercom’s count pegged 2019’s to-date funding a bit higher at $5.1 billion raised through 318 deals (2018 saw $4.9 billion from 383...
San Antonio, Texas-based Carenet Health — a maker of healthcare engagement, clinical support, telehealth and care navigation products — has acquired software maker Citra Health Solutions’ engagement and telehealth subsidiary, according to an announcement from the companies.
While the deal's price tag was not disclosed, a representative of the companies told MobiHealthNews that Carenet is picking...
In spite of predictions that digital health funding would slow in 2019, the industry is on track for yet another record-shattering year of funding, according to the latest Rock Health report. Now at the midway point, 2019 has seen a total of $4.2 billion dollars of digital health investment dollars by the agency's count.
“If this pace holds steady, the sector is on track for an $8.4 billion year...
UnitedHealth Group has acquired online patient community portal PatientsLikeMe as of June 19, according to an announcement sent out via email to members of the latter's DigitalMe study this afternoon. The announcement explains that as part of the acquisition, the startup will now become part of UnitedHealth Group’s research arm that focuses on healthcare improvements and innovation.
“This...
Funding news. Berlin-based digital health company Cara Care has secured $7m (€6.2m) in Series A funding in a round led by Johnson & Johnson Innovation and Asabys Partners. Existing investors Atlantic Labs also participated, bringing the total amount raised to over $9m (€8m).
Cara Care was founded by André Sommer and Jesaja Brinkmann in 2016, and it has developed a mobile app aiming to help...
ZappRx, a digital specialty prescription and prior authorization platform, has been purchased by EHR vendor Allscripts for an unknown sum. CNBC broke the news yesterday, which MobiHealthNews confirmed with Allscripts.
CNBC’s sources said that the deal’s value did not exceed the total that investors poured into ZappRx, which Crunchbase pegs at $41 million.
Founded in 2012 and based in Boston,...
Best Buy has acquired remote senior monitoring service Critical Signal Technologies (CST) and will use its platform to bolster a push into the Medicare Advantage market, the retail electronics company shared during a May 23 investor call.
Best Buy did not outline the terms of the deal during the call, only specifying that it had closed during Q2, funded with existing cash and not expected to have...
This month’s news that Apple had picked up the patent rights for a passive health monitoring system from startup Tueo Health does not appear to the only business occurring between the two companies. On Friday, CNBC reported that the consumer tech company had also outright acquired the small respiratory health company for an undisclosed sum.
Tueo Health’s website was pulled down at some point late...
The first quarter of 2019 started off strong with 17 digital health mergers and acquisitions, including five over the course of two days at the end of February. The quarter's acquisitions included moves by ClassPass and Teladoc to bolster emerging international businesses with the acquisitions of GuavaPass and Médecin Direct, respectively, as well as a number of consolidation deals in niche...
