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Morning Headlines 5/26/23

May 25, 2023 News No Comments

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 Secures $5M in Funding Led by MassMutual with Participation from DaVita Venture Group and August Capital

Dock Health, which specializes in automated healthcare task management, raises $5 million in a funding round led by MassMutual.

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