Investing

By  MobiHealthNews 02:25 pm March 15, 2021
IMA Clinical Research, a division of the IMA Group that provides clinical evaluation and research services, has partnered with AiCure to deploy the patient engagement company's Patient Connect tool to patients in a new effort to observe health management beyond the traditional study setting. The 30-day program will have participants using the smartphone app to confirm adherent dosing behavior and...
By  Dave Muoio 12:13 pm March 15, 2021
insitro, an artificial intelligence drug discovery startup, has added a $400 million Series C round to its already impressive fundraising haul. The financing is set to close during the first full week of April, according to the company. Canadian Pension Plan Investment Board led the raise, which also included a laundry list of participants. These names include: Andreessen Horowitz, funds and...
The company boasted strong revenues and membership growth but took a hit in its GAAP net income.
By  Mallory Hackett 12:13 pm March 12, 2021
GoodRx shared its first full-year earnings since becoming a publicly-traded company this week, boasting substantial revenue growth and increases in its membership. The prescription price comparison platform was able to make these advancements despite pandemic-related care deferrals, skipped medication refills and an “unusually weak cold and flu season,'' according to the shareholder letter. TOP-...
By  Dave Muoio 01:28 pm March 11, 2021
This morning, Forward Health, a tech-heavy doctor's office founded and backed by ex-Googlers, announced a $225 million Series D funding round. Founders Fund, Khosla Ventures, SoftBank Vision Fund 2, Marc Benioff and The Weeknd each participated in the raise, along with other unnamed backers. WHAT IT DOES San Francisco-based Forward was formed about five years ago by Adrian Aoun (who also founded...
M&A
By  Laura Lovett 04:55 pm March 10, 2021
Patient engagement and education platform PatientPoint is merging with rival Outcome Health to create a new platform named PatientPoint Health Technologies, which is focused on facilitating patient-clinician communications. This news comes over a year after news broke that Outcome Health and its executive team faced a slew of legal battles over falsified advertising practices.   While the...
By  Dave Muoio 03:00 pm March 10, 2021
Ibex Medical Analytics, an Israel-based startup using artificial intelligence to support cancer diagnostics, has unveiled a $38 million Series B funding round. Octopus Ventures and 83North led the raise, which also saw participation from aMoon, Planven Entrepreneur Ventures and Dell Technologies Capital. WHAT IT DOES Ibex's Galen platform uses AI and machine learning to reduce the burden on...
The deal is expected to close in the second quarter of 2021. It will value the combined company at approximately $1.1 billion.
By  Mallory Hackett 12:50 pm March 10, 2021
Ambulnz, a mobile medical services provider and patient transportation company, announced its plans yesterday to merge and go public with special purpose acquisition company Motion Acquisition Corp. The company currently does business as DocGo and is in the process of renaming. The deal is expected to close in the second quarter of 2021, subject to approval by the companies’ stockholders, It will...
By  MobiHealthNews 03:01 pm March 9, 2021
Cedar, the maker of an intelligent patient billing and engagement platform, announced today a $200 million Series D round of funding headed by Tiger Global Management, with participation from prior backers including Andreessen Horowitz (a16z), Thrive Capital and Concord Health Partners. This brings the company's total fundraising haul to $350 million, it said, and its valuation to $3.2 billion....
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-...