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Morning Headlines 3/11/22

March 10, 2022 Headlines No Comments

Symplr Purchases GreenLight Medical, Leading Provider of Healthcare Supply Chain Management Software

Symplr acquires GreenLight Medical, which offers healthcare supplychain management software.

UPMC and Kyruus Launch Strategic Partnership to Transform Digital Patient Access and Care Navigation

UPMC makes an unspecified investment in Kyruus and will collaborate in developing the company’s ProviderMatch patient access platform.

Colorado-based digital health leader launches new startup with $3M in seed funding

RxRevu founder Carm Huntress launches Credo, a Denver-based startup focused on digitizing and automating the medical  records retrieval process, with a $3 million investment.

Vivante Health Raises $16M in Series A Round Led by 7wireVentures; Adds Multiple Fortune 500 Clients

Vivante Health, which offers employers a digestive health management program, raises $16 million in a Series A funding round.

Morning Headlines 3/10/22

March 9, 2022 Headlines No Comments

Cedars-Sinai Establishes New Division: Artificial Intelligence in Medicine

The Department of Medicine at Cedars-Sinai (CA) has established the Artificial Intelligence in Medicine division to better understand how AI can be used to improve medical care initially related to cardiac imaging, sudden cardiac arrest, COVID-19, and clinical genetics.

Reproductive health startup readies for delivery

Noula Health, a reproductive support services startup with virtual care capabilities, has raised $1.4 million in pre-seed funding.

Omega Healthcare Acquires Reventics, a Physician Focused CDI and RCM Company

Medical coding and RCM vendor Omega Healthcare acquires clinical documentation improvement and RCM company Reventics for an undisclosed sum.

Morning Headlines 3/9/22

March 8, 2022 Headlines No Comments

Epic Launches Garden Plot: A Shared Environment Where Independent Medical Groups Can Grow

Epic announces Garden Plot, an Epic version for independent medical groups that is offered directly from Epic instead of requiring a Community Connect agreement with a health system.

Health Gorilla Raises $50 Million Series C to Securely Enable the Exchange of Actionable and Aggregated Clinical Data

Healthcare API developer Health Gorilla raises $50 million in a Series C funding round, bringing its total raised to $80 million.

Harris Acquires Israel-based 2Team Computers Ltd.

Harris acquires Israel-based insurance software vendor 2Team Computers.

Morning Headlines 3/7/22

March 6, 2022 Headlines No Comments

Microsoft + Nuance: Better together to transform business and healthcare outcomes with AI

Microsoft closes its $19.7 billion acquisition of Nuance.

Athenahealth Whistleblower Wins Fees In $18M Kickback Case

A federal judge awards a whistleblower $390,000 for helping the federal government recoup $18.3 million from Athenahealth for paying kickbacks to doctors and other EHR vendors to recommend AthenaClinicals.

Philips and the Philips Foundation provide support for the people of Ukraine

Philips and its foundation will provide a 24-bed mobile hospital and mobile check-up units to Ukraine, and provide financial assistance to displaced citizens.

Morning Headlines 3/4/22

March 3, 2022 Headlines No Comments

CancerIQ Raises $14M Series B Funding to Improve Access to Innovations in Cancer Early Detection and Prevention

Cancer risk assessment software vendor CancerIQ raises $14 million in a Series B funding round.

GTCR Announces Acquisition of Experity

Private equity firm GTCR acquires urgent care health IT vendor Experity.

Spokane VA hospital grinds to a halt after computer system corrupts patient data

Mann-Grandstaff VA Medical Center (WA) has taken its Cerner EHR offline after a service outage due to an issue with patient demographic data forced it to revert to downtime procedures.

Morning Headlines 3/3/22

March 2, 2022 Headlines No Comments

Constellation Software’s Harris Operating Group Acquires Allscripts Hospitals and Large Physician Practices Business Segment

Allscripts will sell its hospitals and large physician practices business segment, including its Sunrise, Paragon, and TouchWorks solutions, to Harris for up to $700 million.

Synapse Medicine raises $28 million for its medication intelligence platform

French medication decision support startup Synapse Medicine will use $28 million in new funding to open a spate of global offices, including one in New York City.

Ro acquires sperm collection and testing startup Dadi for $100 million

Online pharmacy and virtual care company Ro acquires at-home sperm collection, testing, and storage startup Dadi for $100 million.

Morning Headlines 3/2/22

March 1, 2022 Headlines No Comments

Our Next Chapter: Announcing a $50 Million Growth Capital Round Led by THL & Strategic Partnership with Premier, Inc.

Automated healthcare operations technology vendor Qventus secures $50 million in growth capital from investors that include Thomas H. Lee Partners and Premier, which announced a partnership with the company last month.

Cigna Announces Significant Increase to Share Repurchase Program and Capital Deployment

Cigna will provide an additional $450 million to fund its Cigna Ventures venture capital arm, which will be used for investments in analytics, digital health, and care delivery.

Conifer to Remain Part of Tenet with Strong Path Forward

Tenet cancels plans to spin off its Conifer Health Solutions revenue cycle management business due to improved Conifer profit and expectations for increased revenue growth.

Morning Headlines 3/1/22

February 28, 2022 Headlines 2 Comments

Teladoc spikes on partnership with Amazon for virtual care on Alexa

Teladoc Health’s stock jumps on the news that Amazon has tapped it to provide virtual consults to Alexa users via its Echo devices.

Office Practicum to Offer the Market’s First “Whole Child” Digital Healthcare Platform

Pediatric health IT vendor Office Practicum acquires RemedyConnect, which offers telemedicine, an after-hours answering service, and website and marketing services for pediatric practices; and pediatric behavioral health EHR and RCM vendor NextStep Solutions.

Global Healthcare Exchange Enhances Automation, Data Analytics and Inventory Management Capabilities with Acquisition of Syft

GHX will fold newly acquired Syft, a vendor of AI-powered inventory control and end-to-end supply chain management software and services, into its value-based care division.

XRHealth Secures $10M in Funding to Expand Virtual Reality Healthcare Treatment in the Metaverse

Virtual reality-based healthcare company XRHealth raises $10 million, bringing its total raised to $35 million.

Morning Headlines 2/28/22

February 27, 2022 Headlines No Comments

Definitive Healthcare Reports Financial Results for Fourth Quarter and Full Year Fiscal 2021

Definitive Healthcare, a healthcare market intelligence vendor that went public last fall, reports Q4 results and its recent acquisition of Analytical Wizards, which offers analytics to pharmaceutical companies.

Athenahealth Announces Plans to Expand Employee Base Into Arizona

Athenahealth will expand into the Phoenix market with the hiring this year of 120 employees, primarily in client support center analyst roles.

Unique AI tool helps Sanford Health schedule nurses

Sanford Health will go live in April on a workforce optimization system that it co-developed with precision staffing system vendor Flexwise, which will incorporate Sanford-developed features into its commercial product.

Morning Headlines 2/25/22

February 24, 2022 Headlines No Comments

Teladoc Health Reports Fourth Quarter and Full Year 2021 Results

Teladoc Health reports Q4 results: revenue up 45%, EPS -$0.07 versus -$3.07, beating Wall Street expectations for both.

Story Health Raises $22.6 Million in Series A Funding to Expand Virtual Specialty Care Platform Across Cardiology

Specialty remote patient monitoring vendor Story Health raises $23 million in a Series A funding round.

Allscripts Announces Fourth Quarter and Fiscal Year 2021 Results

Allscripts reports Q4 results: revenue up 1%, adjusted EPS $0.79 versus $0.20.

Stryker Completes Acquisition of Vocera Communications

Global medical technology company Stryker finalizes its $3 billion acquisition of care coordination and communication technology vendor Vocera Communications.

Morning Headlines 2/24/22

February 23, 2022 Headlines No Comments

Minded, a telehealth platform specializing in managing mental health medication, raises $25M

Medication-based mental health telemedicine startup Minded raises $25 million in a Series A funding round that the company will use to expand beyond the seven states it currently serves.

Omada Health Closes $192 Million Series E Financing to Bring Virtual-First Care to Millions

Omada Health, a virtual chronic care management company, raises $192 million in a Series E funding round, bringing its total raised to nearly $450 million.

OhMD Closes Latest Round of Financing, Led by FCA Venture Partners

Patient engagement and text-based patient-to-provider messaging vendor OhMD secures financing in a funding round led by FCA Venture Partners.

Morning Headlines 2/23/22

February 22, 2022 Headlines No Comments

Cerner Reports Fourth Quarter and Full Year 2021 Results

Cerner, whose acquisition by Oracle remains on track for sometime this year, announces Q4 results: revenue up 4%, adjusted EPS $0.93 versus $0.78.

WellSky® to Acquire TapCloud to Bolster Patient Engagement Technology That Improves the Patient Experience and Lowers Costs

WellSky will acquire TapCloud, whose patient engagement platform collects a one-minute check-in that asks about symptoms, concerns, and available support.

Health Catalyst Announces Intent to Acquire KPI Ninja

Health Catalyst will acquire KPI Ninja, which offers interoperability solutions and population health analytics.

Clinical Data Release Leader MRO Announces Acquisition of MediCopy

Release of information solutions vendor MRO acquires competitor MediCopy.

Morning Headlines 2/22/22

February 21, 2022 Headlines No Comments

VillageMD Acquires Healthy Interactions, a Patient Education Platform Proven to Increase Medication Adherence for Chronic Conditions

Primary care company VillageMD acquires Healthy Interactions, a developer of digital patient education programs geared toward increasing medication adherence.

National Medical Billing Services Announces Acquisition of National Billing Partners

National Medical Billing Services, an RCM company serving ASCs and surgical practices, acquires competitor National Billing Partners.

HerMD Adds $10M in Series A Funding to Scale Its Physical Clinics and Launch Virtual Services Throughout the US

Women’s healthcare provider HerMD raises $10 million in a Series A funding round led by Jazz Venture Partners

Morning Headlines 2/21/22

February 20, 2022 Headlines No Comments

Spok Announces New Strategic Business Plan

Spok reports Q4 results and announces that it will cut its management team by half and its workforce by one-third in the next 60 days as it continues to seek a buyer.

TriNetX Acquires Pharmacovigilance Leader Advera Health Analytics

Real-world data platform network TriNetX acquires Advera Health Analytics, which offers pharmacovigilance software for drug safety concerns.

Sirona Medical Acquires Nines and Key Personnel

Radiology workspace vendor Sirona Medical acquires the AI capabilities and related employees of Nines, which offers an AI diagnostic solution for respiratory diseases and a triage system for intracranial hemorrhage.

Morning Headlines 2/18/22

February 17, 2022 Headlines No Comments

Change Healthcare Falls on Report DOJ to Block UnitedHealth Deal

The Department of Justice will reportedly file a lawsuit to block the proposed $13 billion sale of Change Healthcare to UnitedHealth Group.

ModMed® Acquires Maker of the Klara® Practice & Patient Collaboration Platform

Specialty EHR, PM, and RCM vendor ModMed acquires Klara, which offers a virtual care and collaboration platform, for $200 million.

CompuGroup Medical Acquires Market Leading Laboratory Software Provider AP Easy

CompuGroup Medical acquires anatomic pathology system vendor AP Easy.

Morning Headlines 2/17/22

February 16, 2022 Headlines No Comments

HHS Awards Nearly $55 Million to Increase Virtual Health Care Access and Quality Through Community Health Centers

HHS awards $55 million to 29 HRSA-funded community health centers to aid them in expanding their virtual care capabilities.

Ro Raises $150 Million from Existing Investors to Expand its Direct-to-Patient Healthcare Model

Virtual care company Ro raises $150 million in a funding round led by ShawSpring Partners, bringing its total raised to over $1 billion.

Equip Raises $58 Million Series B Funding Round to Revolutionize Eating Disorder Treatment

Equip, a virtual eating disorder treatment startup, raises $58 million in a Series B funding round.

Epitel Secures $12.5 Million Series A Financing for Wearable, Wireless EEG Monitoring System

Epitel, which specializes in seizure detection and remote patient monitoring, raises $12.5 million in a Series A funding round.

Morning Headlines 2/16/22

February 15, 2022 Headlines No Comments

Athenahealth Acquired by Hellman & Friedman and Bain Capital

Bain Capital and Hellman & Friedman finalize their $17 billion acquisition of Athenahealth.

Memora Health Announces $40M Financing To Scale Platform for Simplifying Complex Care Delivery

Automated care management company Memora Health raises $40 million, bringing its total funding to just over $50 million.

$1.13M settlement proposed in Inmediata Health in lawsuit over 2019 data breach

Puerto Rico-based claims clearinghouse Inmediata will pay $1.13 million to settle a class action lawsuit filed by patients who were affected by a 2019 data breach in which the company failed to secure patient data online, enabling search engines to serve up PHI in search results.

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