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...
March 3, 2021
A January acquisition deal between medical technology provider Hillrom and cardiac monitoring device maker Bardy Diagnostics has landed in rocky waters, with Hillrom looking to back out of the purchase and Bardy filing a legal complaint to keep things moving forward.
According to press releases from Hillrom, the company was caught off guard on January 29 when Novitas Solutions, a Medicare...
March 2, 2021
In its goal to become a full-stack digital health provider, London-based Numan has acquired medical science and healthcare technology company Vi-Health, based in Stockholm and Malmö.
After completion of the acqusition, the majority of the Vi-Health team will be joining Numan, whilst continuing to work from their offices in Sweden.
WHY IT MATTERS
Registered as a Class I medical device, Vi-Health'...
February 18, 2021
Psychedelic biotech company MindMed is set to acquire research focused digital health company HealthMode for roughly $32.2 million (CAD $41M).
HealthMode works with researchers and institutions to help digitize studies by using an artificial intelligence-enabled platform that can capture patient data and synthesize information.
According to its website, the company is able to model disease...
February 18, 2021
Volpara Health, a maker of artificial intelligence breast-cancer-screening products, has acquired CRA Health, a breast cancer risk-assessment startup out of Massachusetts General Hospital.
Under the terms of the deal, Volpara will purchase all outstanding equity of CRA for $18 million, in addition to $4 million upon meeting strategic performance goals over the next year-and-a-half.
February 16, 2021
Editor's note: This article has been updated with original quotes from the heads of Owlet Baby Care and Sandbridge Acquisition.
Owlet Baby Care, the maker of connected infant-monitoring products targeted at consumers, today announced its plans to merge with Sandbridge Acquisition Corporation, a special purpose acquisition company (SPAC) backed by Sandbridge Capital and PIMCO private funds, and to...
February 10, 2021
Neurology-focused company Flow Neuroscience has purchased fellow med tech company Halo Neuroscience for an undisclosed sum.
The pair both focus in brain stimulation technology to improve outcomes. However, historically Flow has zeroed in on the depression space, and Halo was best known for its movement performance enhancements.
As part of the deal Flow will be purchasing Halo’s technology, R&...
February 9, 2021
Nuance Communications, the Boston-based maker of various conversational artificial intelligence tools for healthcare, announced yesterday that it has acquired Saykara, a Seattle startup that specializes in mobile AI clinical documentation. The terms of the deal were not disclosed.
Saykara's lead product is an AI assistant named Kara. During an in-person or virtual visit, doctors can use Kara to...
February 2, 2021
This morning hybrid healthcare provider Premise Health announced its purchase of digital corporate-wellness tool Sonic Boom Wellness for an undisclosed sum.
As part of the deal, Premise Health will have access to Sonic Booms’ virtual engagement platform, which can track users’ activity, health habits and challenge-setting features. Sonic Boom specializes in creating custom wellness programs and...
February 1, 2021
This morning digital mental health and wellness company Modern Health announced that it scooped up fellow behavioral health startup Kip for an undisclosed sum.
Kip’s tool was designed to digitally match up clients with qualified therapists. Once a patient is matched, it kicks off Kip’s hybrid model of care. The client can meet the therapist one-on-one in-person. After that, the client can get...