Investing

By  Dr. Mussaad M. Al-Razouki 12:23 pm March 5, 2021
The 2020s are on course to become the decade of the special purpose acquisition companies (SPACs), also known as "blank check" or "shell" companies. SPACs are set to outpace IPOs once again in 2021, after a record year that saw SPACs mature from a once obscure method of going public to a rabid, flavor-of-the-month frenzy amidst both institutional and retail investors. The year of COVID-19 saw 227...
By  Dave Muoio 03:21 pm March 4, 2021
No-cost medications for patients in need. Online prescription discount platform GoodRx has partnered with the National Association of Free and Charitable Clinics (NAFC) to kick off a philanthropic program that will support patients in need with free prescriptions and care. With a target goal of more than $5 million in free medications provided during 2021, the company said that it has kick-...
The Israeli startup raised the first $50 million in April 2020 in a round led by Insight Partners, which led this extension as well.
By  Mallory Hackett 11:26 am March 4, 2021
TytoCare, a telehealth platform and remote care device maker, has added another $50 million to its Series D funding round, bringing the oversubscribed round to a total of $100 million. The Israeli startup raised the first $50 million in April 2020 in a round led by Insight Partners, which led this extension as well. New investors Tiger Global Management and Qumra Capital joined this time around,...
Dispatch Health
By  Laura Lovett 02:38 pm March 3, 2021
In-home care provider Dispatch Health scored a whopping $200 million in Series D financing. Tiger Global led the round with participation from Alta Partners, Echo Health Ventures, Humana, Oak HC/FT and Questa Capital. This investment bumps the company’s valuation to $1.7 billion, making it part of the ever-expanding unicorn club. In June the company closed its $138.5 million Series C funding....
By  Dave Muoio 01:24 pm March 3, 2021
Reperio Health, the maker of an app-connected home wellness assessment kit marketed to employers, has raised $6 million is seed funding. The round was co-led by Caduceus Capital Partners and Rogue Venture Partners, and saw participation from Liquid 2 Ventures and G Ventures. WHAT IT DOES To enable at-home screenings, the Portland, Oregon-based company ships a kit directly to employees or...
Person holds their back with both hands
By  Dave Muoio 03:01 pm March 2, 2021
Online musculoskeletal (MSK) treatment provider SpineZone announced late last week a $12 million Series A funding round. Polaris Partners and Providence Ventures led the round, which also saw support from Martin Ventures. WHAT IT DOES SpineZone's MSK services combine guided exercise programs, assessments and coaching, with the option of in-person care. Patients who are referred through primary...
By  Dave Muoio 01:12 pm March 1, 2021
Prescription digital therapeutics company Pear Therapeutics announced this morning that it has added $20 million more to an $80 million Series D funding round announced back in December. The company did not name any participants of this second closing, but highlighted "a leading national Integrated Delivery Network" as the source of the $20 million and the digital therapeutics company's newest...
By  Dave Muoio 11:31 am February 26, 2021
Telehealth provider MDLive is being acquired by Cigna's health services subsidiary Evernorth, the two companies announced this morning. The deal is expected to close sometime in Q2. The terms of the deal were not disclosed, although Cigna said that it would share additional information regarding the acquisition during its Investor Day event scheduled for March 8. WHY IT MATTERS MDLive is among...
The virtual care company disclosed all-time-high revenue and membership growth during 2020, yet offered 2021 projections below what investors anticipated.
By  Dave Muoio 03:44 pm February 25, 2021
Teladoc Health has capped off what has proven to be a defining year for the virtual care company, if not telehealth at large. In its quarterly earnings call yesterday afternoon, the company announced that it had outpaced its revenue and earnings targets for both Q4 and FY 2020. In addition, CEO Jason Gorevic highlighted investments and acquisitions made throughout the year to develop services...
Health investments
By  Laura Lovett 02:43 pm February 25, 2021
Data-focused health startup Innovaccer has officially landed unicorn status after raising a whopping $105 million in Series D funding. Tiger Global Capital led the round with participation from B Capital Group and Steadview Capital. The round brings the company’s total funding to $225 million with a $1.3 billion valuation. Its Series C funding round was announced a year ago and raised $70 million...