September 18, 2013
Video game maker Nintendo seems to be putting its energies into fitness in an effort to save its floundering Wii U console, including launching an activity meter that could compete with the likes of the Misfit Shine or the Fitbit One.
The company announced that Wii Fit U, the new version of the company's successful fitness game Wii Fit, will finally launch November 1. It was originally slated to...
September 12, 2013
Jawbone has raised $93 million in debt, with an additional $20 million in equity rumored, according to a report from Fortune. CEO Hossain Rahman told Fortune that the company resorted to a debt raise in light of a much-higher-than-anticipated demand for its products, mentioning the Up activity tracker specifically.
"We've been experiencing crazy sell-through demand, particularly since the...
September 11, 2013
Virgin HealthMiles has added Fitbit integration to its online employee health offering. The Framingham-based Richard Branson company recently announced that it would offer its program to family members of subscribed employees for free. Now those employees and family members who use Fitbit activity trackers and weight scales will be able to connect those devices to their Virgin HealthMiles...
September 5, 2013
Virgin HealthMiles' current GoZone pedometer.
Virgin HealthMiles, a gamified employee wellness program, announced that, starting in October, it will let employees invite up to three family members to use the program for free. Between adding family members and drawing in new members because of the perk, Virgin HealthMiles expects its user base to see a big boost in the next year.
"On the scale...
August 30, 2013
The Fitbit as it was used to track cardiac surgery patients.
Mayo Clinic has finally published a study, completed last year, on using a Fitbit activity tracker to monitor recovery in cardiac surgery patients. They found that step tracking with the Fitbit was easy and cost-effective to implement, and preliminary data suggests that collecting step data could help hospitals determine the...
August 29, 2013
Audax Health Solutions has announced a $20 million funding raise led by Navigy Holdings, a wholly-owned subsidiary of Florida Blue Cross Blue Shield. Additional contributors to the round include former Aetna CEO and current Audax board member Jack Rowe and Dan Rose, VP of Partnerships at Facebook.
This round is the company's first publicly-announced equity raise, although the company reports it...
August 15, 2013
When Medtronic acquired Minnesota-based home health company Cardiocom last week, it was easy to get confused. Medtronic, a company whose most famous product is an implantable heart monitor, could just as easily have bought Cardiocomm Solutions (two M's), a company with a mobile ECG monitor as its flagship product.
With a boom of young companies and, apparently, only a certain number of health-...
August 13, 2013
San Francisco-based Fitbit, which offers various clip-on and wristworn activity tracking devices as well as a connected weight scale, has raised $43 million in its fourth round of funding, from three new investors. A rumor started by TechCrunch back in March claimed that Fitbit had raised just $30 million in its fourth round and at a valuation of $300 million or more. Fitbit's new backers include...
August 12, 2013
Wellness tracking platform MyFitnessPal raised $18 million in the first round of funding led by Kleiner Perkins Caufield & Byers. Accel Partners also participated. Kleiner Perkins' John Doerr and Accel Partners' Andrew Braccia also joined MyFitnessPal's board.
MyFitnessPal will use the funding to grow its team and expand to more countries. Already, the fitness system is available in some...
August 5, 2013
BioBeats, a new company from Basis Science Founder Nadeem Kassam, raised $650,000 in a round of funding. Contributors to this round included Will Smith, producer Scooter Braun, entertainment lawyer Ken Hertz, CEO of AAM Mark Beaven, actor Damon Wayans, Cantora Records, musician Justin Boreta, ENIAC Ventures, Zhen Fund, and angel investor Gotham Chopra.
As the adoption of health sensors into daily...