Health IT Business News, Financial Edition – May 2, 2024

Trending News

Walmart to close its 51 health centers and virtual care service
Walmart is closing its health centers and virtual care service after struggling to find success with the offerings, the U.S. retailer said Tuesday.

Zscaler Extends Zero Trust SASE Leadership and Eliminates the Need for Firewall-Based Segmentation
Zscaler, Inc., a provider of cloud security, announced they have signed an agreement to acquire Airgap Networks, a provider of cybersecurity solutions for business-critical networks.

Mergers and Acquisitions

Kontakt.io Raises $47.5 Million Funding from Goldman Sachs to Fuel AI Development and Expansion into US Hospitals
Kontakt.io, a provider of Inpatient Journey Analytics, announced a Series C investment of $47.5 million, led by Growth Equity at Goldman Sachs Asset Management (Goldman Sachs). The capital will be used to support the company’s growth and Artificial Intelligence (AI) solution expansion.

ABOUT Healthcare Acquires Edgility, Advancing AI and Decisioning Across the Patient Journey
ABOUT Healthcare, a provider of SaaS-based hospital operations solutions for admission management and post-acute placement, announced that it has acquired Edgility, an AI and analytics platform company that monitors and manages operations in real time, resulting in optimized capacity, enhanced patient progression, and accelerated discharge velocity.

UptimeHealth Announces Acquisition of Dental Whale, Including its Subsidiaries Dental Fix, Florida Dental Repair, and Front Office Rocks
UptimeHealth, a provider of healthcare technology solutions based in Boston, Massachusetts, is proud to announce the successful acquisition of Dental Whale, a dental practice solutions and learning provider in North America, including its subsidiaries, Dental Fix, Florida Dental Repair and Front Office Rocks.

Contract Announcements

Community Health Network Selects Biofourmis to Help Drive Care-at-Home Outcomes Across the Continuum
Biofourmis, a global technology-enabled care delivery company, announced it was selected by Community Health Network (Community), a six-hospital integrated health system serving central Indiana, to help enhance and scale its care-at-home services for patients across the care continuum.

19-Provider FQHC Coastal Bend Wellness Foundation Selects eClinicalWorks AI Solutions and Sunoh.ai to Reduce Physician Burnout
eClinicalWorks®, the largest ambulatory cloud EHR and first AI-driven EHR, announced that Texas-based FQHC Coastal Bend Wellness Foundation selected eClinicalWorks AI solutions and Sunoh.ai to streamline clinical documentation, reduce burnout and improve quality of care. Sunoh.ai, the revolutionary AI-powered, EHR-agnostic, ambient listening technology, is available to Coastal Bend Wellness Foundation through eClinicalWorks integration with Sunoh.ai.

Auxilio Mutuo Hospital Selects Oracle Health’s EHR to Improve Patient Experience
Auxilio Mutuo Hospital, an academic, private non-profit hospital in San Juan, Puerto Rico, has selected Oracle Health’s electronic health record (EHR) to provide clinicians and staff with a comprehensive, simplified view of a patient’s health information.

Zus Health Joins athenahealth’s Marketplace Program to Bring Real-time Clinical Data to the Point of Care
Zus Health, a pioneering healthcare data interoperability platform, announced an agreement with athenahealth, Inc. through the company’s Marketplace program. As part of the athenahealth® Marketplace, this newly integrated application is now available to athenahealth’s growing network of healthcare providers to enable them to eliminate clinical blind spots and close care gaps directly at the point of care.

MedEvolve Announces Strategic Marketing Relationship with Veradigm to Enhance Revenue Cycle Management Solutions for Healthcare Organizations
MedEvolve, a provider of effective intelligence technology that provides, automation, transparency and accountability for the healthcare revenue cycle, is pleased to announce a strategic marketing relationship with Veradigm Inc., a provider of healthcare data and technology solutions.

Top 100 U.S. Hospital Health System Selects Intelerad to Deliver Enterprise Imaging Solutions
Intelerad Medical Systems™, a global provider of medical imaging software solutions, announced the successful go-live of its enterprise imaging solutions at a top 100 U.S. hospital health system. The organization, which oversees 12 hospitals in the Southeastern United States, will utilize Intelerad’s flagship products, IntelePACS® with Clario SmartWorklist, to enable upwards of five radiology groups to read more than two million medical imaging studies per year over the course of the multi-year contract.

American Medical Administrators Partners with eClinicalWorks to Advance Value-Based Care and Enhance RCM Solutions
In a strategic partnership, American Medical Administrators (AMA) and eClinicalWorks®, an ambulatory cloud EHR, announced their collaboration to utilize eClinicalWorks and healow® for its enhanced, comprehensive, unified solutions.

Venture Capitol and Funding

Longeveron Raises a Total of $11.4 Million in Gross Proceeds from Warrant Exercise Offering and Public Offering
Longeveron Inc., a clinical stage biotechnology company developing cellular therapies for life-threatening and chronic aging-related conditions such as hypoplastic left heart syndrome (HLHS), Alzheimer’s disease and Aging-related Frailty, announced the closing of its previously announced exercise of certain existing warrants to purchase an aggregate of 2,399,744 shares of its Class A common stock having an exercise price of $2.35 per share, originally issued in October 2023 and April 2024.

Lumeris Completes $100M Equity Growth Capital Investment Round
St. Louis-based, privately held Lumeris announced the completion of a $100M equity capital raise. The funding round was led by Deerfield Management, a longstanding lender, and new investor Endeavor Health.