Q3 2016

By Jonah Comstock 03:11 pm November 9, 2016
Senseonics, the Germantown, Maryland-based company which went public in January and is working on a longterm implantable continuous glucose monitor, has submitted its PMA application to the FDA, President and CEO Tim Goodnow said on the company's third quarter earnings call last week. In addition, the company continues to work on a second generation device and its first pediatric clinical trial...
By Heather Mack 02:16 pm November 8, 2016
San Francisco-based Castlight Health, which offers consumers a personalized health shopping platform, added 14 new large customers, saw increased revenue and cash, and intensified its focus on evolving the business to gain more traction among mainstream buyers in the third quarter of 2016. On call with investors, Castlight Health CEO and cofounder Giovanni Colella said the company reached $100...
By Heather Mack 07:52 pm November 3, 2016
The third quarter has been a time of reckoning for Fitbit – despite increased revenue and user adoption, the release of new products and continuing interest in both employer-sponsored wellness programs and clinical trials, profits aren’t rising to meet increased operational costs all those gains require.  On a third quarter earnings call with investors, Fitbit executives said the company’s growth...
By Heather Mack 03:38 pm November 2, 2016
With increasing advertising dollars and more contributions from pharmaceutical companies, and a national rollout of their prescription pricing and information app, WebMD is reporting strong third quarter earnings even in with a slight decline in page views. “In the areas of greatest demand, that our customers value the most, we have been able to grow our traffic and manage our inventory, and...
By Heather Mack 04:11 pm October 28, 2016
Lewisville, Texas-based telemedicine company Teladoc has announced its third quarter results, which, while showing increased revenue, membership and visits, ultimately revealed increased financial losses compared to last year. However, in a call to investors, executives pointed to the fact that it is the company’s first full quarter since acquiring employee health benefits app-maker HealthiestYou...
By MobiHealthNews 05:31 pm October 7, 2016
We've come to the end of the third quarter, so we at MobiHealthNews have looked into our archives and rounded up the major stories of the quarter for the hospital, pharma, and insurance sectors. Read on for provider, pharma, and payer news. Provider The third quarter of 2016 has provided a steady stream of provider news. From partnerships that blend traditional healthcare systems with digital...
By Heather Mack 03:44 pm October 7, 2016
As we take a look at the devices that received FDA clearance in 2016's third quarter, we're also considering that the last few months have been a time of change at the Food and Drug Administration, as regulators are beginning to make updates in their system to accomodate all the digital health tools we're seeing.  In June, the FDA offered up a draft guidance document designed to help medical...
By Heather Mack 03:19 pm October 7, 2016
As we reported just a few weeks ago, 2016 has thus far proven to be a pretty big year for mergers and acquisitions, and the third quarter was a nice representation of that trend, with 15 acquisitions, one merger, and two IPOs. Mergers and Acquisitions The acquisition that has gotten the most attention this year (most likely for the digital health outsider aspect) is Apple’s acquisition of health...
By Jonah Comstock 02:17 pm October 7, 2016
For the third quarter of 2016, MobiHealthNews tracked just shy of $600 million in deals. While a few large deals anchored the quarter, the majority of the 45 we tracked this quarter were small; only seven were more than $20 million, most were $10 million or less. For this analysis, we’ve omitted investments in joint ventures like Verily and Sanofi’s OnDuo as well as grant funding. Read on for the...
By Heather Mack 04:34 pm October 4, 2016
We’re three quarters of the way through 2016, two reports from Rock Health and StartUp Health give a closer look into how this year’s digital health funding landscape is looking. StartUp Health expects 2016 to be the biggest year yet for digital health funding yet, and counted $2.4 billion in deals for the third quarter. The company, which counts the year to date at $6.5 billion, also counted an...