April 20, 2021
Digital diabetes management company Virta Health scored $133 million in a Series E funding round led by Tiger Global.
This financing comes on the heels of Virta’s $65 million Series D in December, which propelled it into becoming a unicorn company. With the latest cash infusion, Virta says it has doubled its valuation to $2 billion.
WHAT IT DOES
Virta claims it can reverse Type 2 diabetes with...
February 19, 2021
The Biden administration is continuing to lock in leadership at the U.S. Department of Health and Human Services with a handful of new appointments.
At the top of the list is the department's new administrator for the Senate's consideration, Chiquita Brooks-LaSure. An Obama-era policy official, she was most recently managing director at Manatt Health where she provided policy analysis and...
December 2, 2020
Digital diabetes company Virta scored $65 million in its Series D round led Sequoia Capital Global Equities funding.
This news comes roughly a year after the San Francisco company closed its $93 million Series C financing round. Today it reports raising over $230 million in cumulative funding, pushing its valuation above $1 billion and marking it a unicorn company.
WHAT IT DOES
Virta got its...
October 7, 2020
Digital diabetes company Virta is rolling out a slew of new services focused on prediabetes, obesity treatment and provider-led Type 2 diabetes management.
As in its Type 2 diabetes program, patients will be able to use the Continuous Remote Care platform, which gives users access to telehealth and a dedicated health coach. The program also give users personalized nutrition regimen and ways to...
November 11, 2019
Ninety-eight percent of veterans with Type 2 diabetes enrolled in Virta’s digital diabetes management program reduced or controlled their estimated HbA1c level after 90 days, according to new results from a pilot conducted by the U.S. Department of Veterans Affairs and Virta Health.
The pilot, which included a total of 104 patients, found that 84% of patients enrolled achieved an estimated HbA1c...
June 10, 2019
On Friday, the American Diabetes Association kicked off its annual conference in San Francisco, where academics, vendors and other stakeholders congregated to unveil new study results and major announcements related to diabetes management. And while MobiHealthNews already put together a roundup featuring an opening salvo of the show’s announcements, the past few days have seen a tidal wave of new...
March 14, 2019
Virta Health, the company that controversially claims to reverse Type 2 diabetes using a combination of diet and digitally-powered management efforts, has hired a big name in the digital health space as its new head of commercial: Derek Newell, who served as CEO of Jiff prior to its acquisition by Castlight. Newell stayed on with Castlight as president for a little over a year, according to his...
November 14, 2018
Diabetes management company Virta Health announced today that the company will offer its service to employers and health plans at 100 percent risk — that is, customers will only pay if the company succeeds in its goal of reversing Type 2 diabetes and getting patients off of expensive diabetes medications.
“Whoever pays the healthcare bill today, we say to them, 'Wouldn’t it be awesome if we could...
September 18, 2018
Much of the discussion at Health 2.0’s Provider Symposium on Sunday was focused on innovation within the healthcare system. But the lessons Virta CEO Sami Inkinen shared from his company’s journey amounted to a different message: Sometimes it’s easier, or even essential, to innovate outside the traditional healthcare system.
Inkinen’s startup makes the controversial claim that it reverses Type 2...
May 3, 2018
Garmin and the University of Kansas Medical Center are taking a closer look at the role wearables can play in detecting and managing medical conditions, the groups announced earlier this week. Initially focused on sleep apnea and atrial fibrillation, the collaboration is a clear step beyond the fitness and wellness realm to which Garmin’s wearables have so far been limited.
“Garmin Health is...