Morning Headlines 6/18/15
Fitbit raises $732M in its IPO, $37M more than expected
Fitbit finalizes its IPO, raising $732 million at a $20 per share price, for a total valuation of $4.1 billion. Shares will begin to trade this Thursday under the symbol FIT.
Congressional GOP plans to continue health law subsidies
As the Supreme Court nears a ruling on a case challenging the legality of ACA subsidies paid on behalf of seven million Healthcare.gov consumers, congressional republicans announce that they will move forward with a plan to extend those subsidies through the end of the year while they draft their own healthcare reform plan.
US Nonprofit Hospital Tax Exemption Almost Doubles Between 2002 And 2011
Health Affairs publishes a study finding that the total value of tax exemptions enjoyed by non-profit hospitals has grown to $24.6 billion, up from $12.6 billion in 2002.
Doctor On Demand Pulls In $50 Million To Continue Expansion Of Its Virtual Doctor Visit Platform
Three-year-old telehealth vendor Doctor on Demand raises a $50 million Series B funding round to accelerate the growth of its platform. The company also announced that it has signed its 200th employer-customer.
Sounds reasonable, until you look at the Silicon Valley experience. Silicon Valley grew like a weed precisely because employees could…