Trending News
Health Catalyst Announces Agreement to Acquire Twistle
Health Catalyst, Inc. (@HealthCatalyst), a provider of data and analytics technology and services to healthcare organizations, announced that it has entered into a definitive agreement to acquire Twistle, Inc., an Albuquerque, New Mexico-based healthcare patient engagement SaaS technology company that automates patient-centered, HIPAA-compliant communication between care teams and patients to transform the patient experience, drive better care outcomes, and reduce healthcare costs.
CareCloud a Member of Russell Microcap Index
CareCloud, Inc. (@CareCloud), a provider of healthcare technology solutions for medical practices and health systems nationwide, announced that FTSE Russell, which manages the widely-followed Russell 2000® Index and other indices based on market capitalization and style orientation, has included CareCloud in the Russell Microcap® Index for the fourth straight year.
Collaboration News
Equality Health Partners with Three HIEs in Texas to Improve Care Coordination for Healthcare Providers
Equality Health (@equalityhealth), a whole-health delivery system focused on transforming value-based care delivery with population specific programs that improve access to quality care, announced newly formed partnerships with three of the five regional health information exchanges (HIEs) in Texas—Greater Houston Healthconnect, PHIX in El Paso, and Rio Grande Valley HIE.
Scottish health and care professionals given access to COVID-19 vaccine status through Orion Health Shared Care Record
Scottish health and care professionals across a wide range of clinical settings including NHS Scotland health boards are being given access to an individual’s COVID-19 vaccine status through the Orion Health (@OrionHealth) shared care record used in 11 out of the country’s 14 health boards.
Flywheel and HealthMyne Partner to Provide End-to-End Radiomic Data Management and Analysis
Flywheel (@flywheel_io), a cloud-scale informatics platform for medical research and collaboration, and HealthMyne (@healthmyne), a company in applied radiomics, announced a partnership that will combine the companies’ technologies to accelerate radiomics research and advance clinical trials outcomes for life sciences and clinical research clients.
Financial News
Hospital IQ Raises $25 Million to Meet Market Demand for its Software which Optimizes Health System Operations
Hospital IQ (@HospitalIQ), a provider of predictive hospital operations and communications software, secured $25 million in Series C funding led by Baxter Ventures, the venture investment arm of Baxter International Inc., and Health Velocity Capital, joining existing investors Pierpoint Capital and Allscripts.
Curation Health Expands Value-Based Care Services To Support a Growing Portfolio of Healthcare Providers and Health Plans
Curation Health (@curationhealth), a company in advanced clinical decision support and value-based care (VBC) adoption, announced significant 2021 momentum in customer acquisition and expanded additions to its already robust suite of services. The new services build on the company’s existing platform, physician education, and advisory offerings and will further help providers and health plans more effectively collaborate in value-based agreements.
DrChrono Raises $12M from ORIX Corporation USA’s Growth Capital to Expand Operations
DrChrono Inc. (@drchrono), a company developing an essential platform and services for modern medical practices, announced it has raised a new round of over $12 million in growth capital from ORIX Corporation USA’s Growth Capital team (ORIX Growth Capital.)
Olive hits a $4 billion valuation with $400 million of capital led by Vista Equity Partners
Olive, the automation company creating the Internet of Healthcare, announced it closed a $400 million funding round, bringing the company to a $4 billion valuation. The round was led by Vista Equity Partners (“Vista”), a leading global investment firm focused on enterprise software, data, and technology-enabled businesses, with additional investment from the Base10 Partners Advancement Initiative.
Gympass, the Largest Corporate Wellbeing Platform, Doubles Valuation to $2.2B as the World Heads Back to the Gym
Gympass, a corporate wellbeing platform, announced that Softbank, General Atlantic, Moore Strategic Ventures, Kaszek and Valor Capital Group, are supporting the company with a new investment round of $220M in its mission to make wellbeing universal.
XSOLIS Secures $75m Growth Investment from Brighton Park Capital
XSOLIS (@XSOLIS_Health), a healthcare technology firm focused on improving healthcare operations, announced that it has secured a $75 million minority growth investment from Brighton Park Capital (“Brighton Park”), a research-driven investment firm that specializes in partnering with growth-stage software, healthcare technology, information services and technology-enabled business services.
Tendo Systems Secures $50 Million to Accelerate Digital Engagement Between Patients, Clinicians, and Caregivers
Tendo Systems (@tendo_systems) announced $50 million in new funding to accelerate its plans to transform healthcare through software, seamlessly connecting patients, clinicians, and caregivers throughout the care journey. The Series B round was led by existing investor Lux Capital, with additional participation from General Catalyst (who led Tendo’s Series A round). Tendo has raised $69 million to date, and the new round brings Tendo’s valuation to $550 million, less than a year after the company was founded.
Pivot Point Consulting Publishes Q3 Insights and Leading Trends
Pivot Point Consulting (@pivotpc), 2020 Best in KLAS Overall IT Services Firm and a healthcare IT consulting leader, released its latest Quarterly Pivot report, showcasing top industry developments impacting providers and health plans in Q3 2021. The report explores major trends across managed services, mergers and acquisitions (M&A), virtual care, data analytics, electronic health records (EHRs) and more.
Connect America Completes Acquisition of Philips Aging and Caregiving Business
Connect America LLC, a digital health and connected care company, announced it has finalized its acquisition of the Aging and Caregiving (ACG) business from Royal Philips. Terms of the deal were not disclosed, though Philips will maintain an equity stake in the company.
Novo Holdings A/S invests in US healthcare IT company Availity
Novo Holdings A/S, an international investor in healthcare and life sciences, announced a strategic minority investment in Availity (@availity), one of the largest healthcare data and administrative networks connecting payers and providers throughout the United States.
FDS Amplicare Awards $25,000 Grant to CPESN Minnesota
FDS Amplicare, Inc. (@FDSRx), a pharmacy software company, announced it is awarding a $25,000 grant to Community Pharmacy Enhanced Services Network (CPESN) Minnesota to help independent pharmacies prepare for opportunities to expand their provider offerings for Medicaid patients.
Product News
GE Healthcare’s Industry-First Contrast-Guided Biopsy Solution, Serena Bright, Installed in Five Major Hospitals in the United States
GE Healthcare (@generalelectric) announced the installation of Serena Bright™ in five hospitals and radiology centers around the United States. Serena Bright™ is the industry’s first contrast-guided biopsy solution, helping empower clinicians and patients in their fight against breast cancer.