Morning Headlines 5/26/23
Healthcare Triangle, Inc. Announces 1-for-10 Reverse Stock Split as Part of Nasdaq Compliance Plan
Shares of Healthcare Triangle, Inc. drop sharply on the news that it will conduct a 1-for-10 reverse stock split to meet Nasdaq’s share price requirements.
Quovis, a health tech startup in Cleveland, lands $1M investment
Cleveland-based health information exchange startup Quovis raises $1 million.
VA secretary says Spokane VA’s budget won’t suffer as result of flawed records system
VA Secretary Denis McDonough promises to look into reports that the VA medical center in Spokane could be forced to cut staff due to a budget shortfall caused by the troubled EHR Modernization program.
TA Announces Strategic Growth Investment in Alpha II
RCM software vendor Alpha II secures an undisclosed amount of funding from TA Associates.
Dock Health, which specializes in automated healthcare task management, raises $5 million in a funding round led by MassMutual.
Weird that Google can acknowledge its crowdsourced medical advice was wrong, but escape penalties for doing it wantonly at scale.