Morning Headlines 5/3/24

Transcarent Raises $126 Million Series D

Transcarent raises $126 million in a Series D funding round that values the company at $2.2 billion.

Avel eCare Acquires Hospitalist Telemedicine Provider ‘Horizon Virtual’

Telemedicine provider Avel ECare acquires Horizon Virtual, which offers virtual hospitalists.

Pfizer plans direct-to-consumer platform for Covid and migraine treatments

Pfizer will follow the lead of competitor Lilly in rolling out an online platform where patients can order the company’s drugs directly, connecting US customers with independent telehealth consultants who will send prescriptions to a drug dispensing partner.

Contexture and Quality Health Network Announce Affiliation

Contexture, which manages HIEs in Arizona and Colorado, acquires Colorado-based HIE Quality Health Network.