Morning Headlines 9/6/23

UPMC is preparing for a massive transfer of medical records

UPMC will replace Oracle Health / Cerner and eight other EHRs with Epic over the next three years.

Thoma Bravo Nears Deal for NextGen Healthcare

Private equity firm Thoma Bravo is reportedly in advanced stages of negotiation to acquire NextGen Healthcare.

TeleVox Acquires Odeza Patient Engagement Business from Ensemble Health Partners

Patient engagement technology vendor TeleVox acquires the Odeza patient engagement business of RCM company Ensemble Health Partners.

Morning Headlines 9/1/23

Firm behind NHS GP at Hand service places two divisions into administration

Babylon Health sells its UK business, including the GP at Hand app, to US-based in-home test kit vendor EMed Healthcare.

FBI, Partners Dismantle Qakbot Infrastructure in Multinational Cyber Takedown

The FBI and its partners shut down the Qakbot bot that was used to perform several recent cyberattacks on US hospitals.

SoftBank, General Atlantic-Backed Biofourmis’ Founder Steps Down As CEO

Biofourmis CEO Kuldeep Rajput resigns from the remote patient monitoring platform vendor one month after the company laid off 120 employees.

Morning Headlines 8/31/23

OpenAI releasing version of ChatGPT for large businesses

OpenAI releases an enterprise version of ChatGPT that features enhanced security, privacy, and speed.

Better Life Partners Raises $26.5 Million in Series B Financing

Hybrid substance use disorder treatment company Better Life Partners raises $26.5 million, bringing its total raised to $38 million.

Houston hospital opens tech hub in the Ion

Houston Methodist opens a 1,200 square-foot Tech Hub to showcase innovative solutions it’s implementing in the hospital setting and to promote cross-industry collaboration.

Morning Headlines 8/30/23

In project ‘Secret Tiger,’ Nomi Health copied a Texas COVID-19 app, lawsuit claims

A federal judge orders COVID-19 testing firm Nomi Health to pay $7 million to Texas software developer OSGHD, who sued Nomi for licensing its product only long enough to copy its design to create its own system.

HSHS, Prevea get some phones back, but outages continue

Hospital Sisters Health System (IL) and affiliate Prevea Health (WI) revert to downtime procedures after an unidentified outage forces their systems offline.

TPG and Crowe LLP to Establish Crowe Healthcare Consulting as Independent Company

TPG will acquire a majority stake in revenue cycle software and services company Crowe Healthcare Consulting and rebrand it as Kodiak Solutions.

Morning Headlines 8/29/23

AI-Powered Bonfire Analytics Raises $1 Million in Pre-Seed Round

Healthcare market intelligence startup Bonfire Analytics raises $1 million in a pre-seed funding round.

ONC Awards The Sequoia Project 5-Year TEFCA RCE Contract

The Sequoia Project will continue to manage the implementation of the Trusted Exchange Framework and Common Agreement and associated establishment of Qualified Health Information Networks.

Healthcare Governance Body Warns Hospitals Face Debilitating Cyberattacks

The Joint Commission issues new cybersecurity guidelines that advise hospitals to be prepared for at least a month of downtime in the event of a cyberattack.

Morning Headlines 8/28/23

Quebec chooses American firm Epic to create new digital health system

In Canada, Quebec chooses Epic for its $2.2 billion USD digital health record project.

Truepill to slash share price by 90 percent

Truepill, a pharmacy fulfillment business that has expanded into diagnostic testing and telehealth, will seek additional funding at up to a 90% reduction in valuation as it struggles with executive departures and a federal investigation.

Ransomware gang claims it stole Social Security numbers, passport data in recent hospital attack

The Rhysida ransomware group claims it is behind the cyberattack on Prospect Medical Holdings earlier this month, having stolen legal and financial documents of 500,000 Prospect employees.

Veterans Affairs CIO ‘cautiously optimistic’ Oracle Cerner can turn around EHR modernization under new contract

VA CIO Kurt DelBene is “cautiously optimistic” about its Oracle Cerner implementation, as the VA has learned from its first five go-lives and has tightened service level agreements in a recent contract renegotiation with Oracle.

Morning Headlines 8/25/23

Healthcare payments tech firm Waystar confidentially files for US IPO

Reuters reports that Waystar has confidentially filed for an IPO that could value the company at $8 billion.

Ovation Healthcare Expands Technology Services with 3D Technology Merger

Hospital shared services vendor Ovation Healthcare acquires 3D Technology, which offers professional and managed services.

Keona Health hauls in $7 million

Patient engagement and relationship management software startup Keona Health raises $7 million.

Morning Headlines 8/24/23

Healthcare software vendor NextGen explores sale

NextGen Healthcare shares rise on the news that the company is considering putting itself up for sale.

Fisher Auction Company will handle the Sale of the Assets of AireHealth, Inc., a Remote Patient Respiratory Care Platform

AireHealth will liquidate its respiratory remote patient monitoring assets including patents, software, hardware, and intellectual property in an online auction September 13.

WellSky Acquires Experience Care to Enhance Long-term Care Providers’ Ability to Operate Efficiently, Advance Resident Care

WellSky acquires Experience Care, which offers health IT for post-acute and long-term care.

U of U server outage brings down hospital, campus, UTA systems

A University of Utah heat-related server outage forces its affiliated health system to revert to downtime procedures and divert emergency patients.

Morning Headlines 8/23/23

Five9 to Acquire Aceyus extending the Five9 platform to streamline the migration of large enterprise customers from on-prem to cloud and leverage contextual data to deliver personalized experiences

Five9 will acquire Aceyus, which offers customer experience analytics.

Thyme Care Secures $60M Series B to Scale Cancer Care Beyond the Clinic

Tech-enabled cancer care support company Thyme Care raises $60 million in a Series B funding round, bringing its total raised to $82 million.

Singing River Health System cyberattack currently under investigation

Singing River Health System’s computer systems remain offline after a cyberattack was detected over the weekend.

Zivian Health lands $3M to expand digital health platform

Healthcare staffing and collaborative care software startup Zivian Health raises $3 million in seed funding.

Morning Headlines 8/22/23

Healthcare software firm Waystar eyes $8 bln valuation in U.S. IPO

Waystar reportedly considers an IPO that would value the healthcare payments software vendor at $8 billion.

Looks like KOP-based AI healthtech company Lyric raised $90.9M

Lyric, a claims payment and editing software company formerly known as ClaimsXten, raises nearly $91 million.

UnisLink Extends its Revenue Cycle Management Leadership with the Acquisition of AQREVA and Doctors’ Resource Specialists

RCM and population health management company UnisLink acquires competitors Aqreva Medical Billing and Consulting and Doctors’ Resource Specialists.

Morning Headlines 8/21/23

After cyber breach, Point32Health suffers financial losses

Point32Health, the second-largest insurer in Massachusetts, reports a six-month loss of $103 million that its CFO attributes almost entirely to a security breach at Harvard Pilgrim Health Care.

Veradigm Inc. Receives Nasdaq Notice Regarding Delayed Form 10-Q Filing

Nasdaq notifies Veradigm that the company remains non-compliant with its listing requirements and faces de-listing for its failure to file its FY2022 and Q1/Q2 financial reports, which the company blames on software it implemented to meet new accounting standards.

Hospitals at home: Doccla hopes virtual wards can solve healthcare woes

London-based virtual hospital startup Doccla, which works with NHS, acquires remote patient monitoring platform vendor Open TeleHealth to expand into nine additional countries in Europe.

Morning Headlines 8/18/23

Orbita Acquires Wellbe Assets

Smart virtual assistant and workflow automation vendor Orbita acquires the assets of Wellbe, which offers patient journey automation software.

Figur8, the market leader for measuring musculoskeletal (MSK) health and injury recovery, secures $25M Series A-1 financing

Musculoskeletal health measurement technology vendor Figur8 raises $25 million in a Series A funding round.

The Plan to Better Protect US Hospitals From Ransomware

The Advanced Research Projects Agency for Health within HHS launches the Digital Health Security project as a means to discover new cybersecurity tools for healthcare.

Visana Health Raises $10.1 Million Seed Round to Bring Comprehensive Virtual Healthcare to Women Nationwide

Minneapolis-based virtual women’s health clinic Visana Health raises $10.1 million in a seed funding round.

Morning Headlines 8/17/23

Abridge Becomes Epic’s First Pal, Bringing Generative AI to More Providers and Patients

Abridge, whose app turns doctor-patient conversations into transcripts and visit summaries, becomes the first member of Epic’s Partners and Pals integration program.

Tausight Announces Additional $6 Million in Financing

Healthcare data security company Tausight raises $6 million, bringing its total funding to $26 million.

Digital Health Company Babylon Files for Bankruptcy In US, Will Liquidate

Babylon Health will liquidate the assets of two of its US subsidiaries as part of Chapter 7 bankruptcy proceedings.

Morning Headlines 8/16/23

HGP Advises Access eForms in Sale to Phreesia

Patient intake software vendor Phreesia acquires Access EForms, which specializes in electronic forms management and automation.

Luna Announces Luna Labs, a New Artificial Intelligence (AI) Division Working on Enhancing Care Delivery

Home-based physical therapy provider Luna creates an AI division to develop new AI-based solutions, including enhancements to its Auto Charting technology and a chatbot designed to help patients with inquiries related to scheduling and billing.

Hospitals are dialing back on venture capital investing

Hospitals are cutting back on their venture capital investing, shutting down or downsizing their splashily announced investment arms.

Morning Headlines 8/15/23

Experity Acquires OnePACS, the Leader in Teleradiology PACS

Urgent care technology vendor Experity acquires cloud-based, teleradiology-focused OnePACS for an undisclosed sum.

Agnelli family’s Exor buys $2.8 bln stake in Philips

Italian investment firm Exor becomes the biggest investor in Philips, acquiring a 15% stake in the company for $2.8 billion.

Definitive Healthcare acquires Populi

Healthcare market research firm Definitive Healthcare acquires provider data and analytics business Populi.

Morning Headlines 8/14/23

CMA provisionally clears UnitedHealth’s proposed £1.2bn purchase of EMIS

The UK’s Competition and Markets Authority provisionally clears UnitedHealth’s $1.5 billion acquisition of healthcare software vendor EMIS after identifying no anti-competitive concerns.

Cegeka to Acquire CTG for $10.50 Per Share, Enhancing Value to Customers Across North America and Europe

European IT company Cegeka will acquire Computer Task Group, a global, multi-vertical digital transformation consultancy, in a take-private deal valued at $170 million.

Feds now investigating release of trans medical records by Vanderbilt

HHS’s Office for Civil Rights launches a federal civil rights investigation of Vanderbilt University Medical Center for providing Tennessee’s attorney general with the fully identified medical records of transgender patients.

Morning Headlines 8/11/23

Doximity Announces Fiscal 2024 First Quarter Financial Results

Doximity’s Q1 results beat expectations, but its lowered guidance and layoffs send shares down.

Babylon closes US business as rescue merger deal fails

Babylon Health shuts down its US business, laying off 94 employees, as it seeks a buyer for its business in the UK.

Cano Health sinks on raising going concern doubts; announces job cuts

Shares of membership-based primary care company Cano Health plummet after it announces plans to sell its assets and lay off employees.

Prospect Medical hospitals still recovering from ransomware attack

Prospect Medical Holdings facilities struggle to recover from a ransomware attack earlier this month that sources attribute to the Rhysida ransomware group.