July 13, 2010
Medical apps immature? "The consumer health app market is still a very immature market with a lot of things being thrown out there," said Kevin Patrick, an adjunct professor of family and preventive medicine at UC San Diego and the editor of the American Journal of Preventive Medicine. Patrick told the LA Times that most medical apps have "not been subjected to clinical trials that would show...
June 9, 2010
Partners Healthcare spinoff Hop Skip Connect (based partially on the Partners blood pressure program SmartBeat) has renamed to Healthrageous and announced a $6 million first round of investment. North Bridge Venture Partners led the investment round while Egan Managed Capital and Long River Ventures also participated.
Healthrageous has developed a health technology platform that provides...
June 2, 2010
Excel Venture Management and angel investors have provided $2.3 million in seed funding for San Francisco-based Snaptic, maker of the 3Banana note-taking app for Android and iPhone smartphones. What attracted the investors to Snaptic? According to a report in Venture Wire, the app's ability to help users record and keep information on their fitness, diet and health was the reason, Snaptic's CEO...
June 2, 2010
NYC-based medical device startup Phreesia scooped up a $16 million fourth round of venture funding last week, led by Ascension Health Ventures (AHV) and with participation by return backers BlueCross BlueShield Venture Partners, HLM Venture Partners, Long River Ventures, Polaris Venture Partners, and Sandbox Industries. Phreesia now has about $40 million in venture capital investments.
May 18, 2010
St. Jude Medical and iRhythm Technologies have inked a deal to co-market iRhythm's Zio Patch, an wearable, single-use continuous ambulatory cardiac rhythm monitor. The Zio patch recently received 510(k) clearance from the FDA and is prepping for a commercial launch in the US, which is where the company's new cash infusion comes in:
iRhythm also announced a $10 million round of financing that was...
May 17, 2010
Wireless-enabled blood glucose meter developer Telcare has raised $2.5 million of a targeted $4 million equity offering, according to a regulatory filing. Telcare plans to offer its blood glucose meter offering (pending FDA clearance) to its customers at the same pricepoint of "disconnected" devices that are already on the market.
According to the company: "[The] Telcare blood glucose meter...
May 10, 2010
CardioMEMS, which develops wireless, implantable medical sensors, announced a new $37.9 million round of venture capital investment. That brings the company's total raised capital amount to about $145 million. Previous investors include Arcapita Ventures, Boston Millennia Partners, Medtronic, Easton Capital Partners, Foundation Medical Partners, Arboretum Ventures, Deerfield Capital Management,...
April 20, 2010
Cleveland Clinic optimizes website for mobile: The Cleveland Clinic has launched a mobile version of its website that will allow smartphone users to search for doctors and access general information about the hospital, according to a report over at MedCity News. The clinic's new mobile site is m.ClevelandClinic.org. According to data analytics firm Experian Hitwise, Cleveland Clinic's website has...
April 14, 2010
According to a regulatory filing with the SEC this week, Sotera Wireless has secured $10.75 million of a $15 million round of venture funding from undisclosed investor(s). Some of Sotera Wireless' previous investors have included Qualcomm Ventures, Intel Capital, Sanderling Ventures and Apposite Capital.
Sotera Wireless, which changed its name from Triage Wireless last year, is currently...
March 31, 2010
"We should all hold out hope that this is not a one-time event, that this is the first step in genuine healthcare reform," E. David Hertz, managing director of Cutlass Capital said at the Health Technology Investment Forum according to a report in HealthcareITNews. "It's just that the first step is really insurance reform and provided a very, very important societal benefit in the form of access...