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...
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-...
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,...
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....
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...
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...
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...
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...
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...
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...
