Morning Headlines 1/27/22

DigitalOwl raises $20M to analyze medical records for insurers

DigitalOwl, which uses natural language processing to extract relevant, searchable data from medical records, raises $20 million in a Series A funding round.

Defense Department Deploys New Health Records System for Another 19,000 Users

In its largest MHS Genesis go-live to date, the DoD deploys its new Cerner EHR at 100 locations in Texas.

Seattle startup Atlas Health raises $40M to connect health systems with philanthropic aid for patients

Atlas Health raises $40 million to further develop software designed to help patients find medical financial aid.

Morning Headlines 1/26/22

Reimagine Care Secures $25 Million in Series A Funding to Drive Commercialization of Home-Centered, Value-Based Cancer Care

Reimagine Care, which supports at-home cancer care with remote patient monitoring and patient-reported outcomes, raises $25 million in a Series A funding round.

Change Healthcare is said to consider asset sales in UnitedHealth deal

Change Healthcare is considering selling some of its assets to help gain approval for its sale to UnitedHealth Group, with payment integrity business ClaimsXten being shopped at a potential $1 billion sale.

Golden parachutes could make parting sweet sorrow for Cerner executives

Cerner President and CEO David Feinberg, MD and former chairman and CEO Brent Shafter will receive a combined $43 million if they are forced out as a result of the Oracle acquisition, according to recent SEC filings.

Morning Headlines 1/25/22

DarioHealth Enters Agreement to Acquire Physimax, a Leading Provider of Validated Computer Vision for Musculoskeletal Health

DarioHealth, which specializes in digital chronic care management for providers, payers, and employers, acquires Israel-based digital MSK screening and risk assessment company Physimax.

Truentity Health Secures $1M in Pre-Seed Funding to Help Providers and Pharmacies Manage Medications Across Multiple Systems

Medication management startup Truentity Health has raised $1 million in pre-seed funding.

ONC Seeks Public Comment on Electronic Prior Authorization Standards, Implementation Specifications and Certification Criteria

ONC issues an RFI seeking public input on electronic prior authorization standards, implementation specifications, and certification criteria that could be adopted within its Health IT Certification Program.

Morning Headlines 1/24/22

Francisco Partners to Acquire IBM’s Healthcare Data and Analytics Assets

IBM will sell its Watson Health business to private equity firm Francisco Partners at a price likely in the $1 billion range.

Emids Acquires Cloud Development Resources, Creating the Strategic Low-Code Development Partner for Healthcare and Life Sciences

Health IT company Emids acquires low-code, enterprise-focused software development and consulting firm Cloud Development Resources for an undisclosed sum.

Hearst Health forges partnership with the UCLA Center for SMART Health to offer the Hearst Health Prize in Data Sciences

The UCLA Center for Smart Health and Hearst Health will jointly offer the Hearst Health Prize, which will recognize data science initiatives that improve outcomes.

Morning Headlines 1/21/22

Quest Diagnostics to Acquire Patient-Engagement Company Pack Health to Improve Value-Based Care

Quest Diagnostics will acquire virtual health coaching company Pack Health in an all-cash deal whose value was not disclosed.

Lyra Health Completes $235M Funding Round, led by Dragoneer, to Fuel International Expansion

Lyra Health, which offers online and in-person workforce mental health solutions, raises $235 million in financing.

Gale Healthcare Solutions Secures $60 Million Growth Equity Investment from FTV Capital to Remedy National Nursing Shortage

Gale Healthcare Solutions, whose platform helps hospitals contract and manage per diem and travel nurses, receives a $60 million growth equity investment.

Big Health raises USD75m in Series C round led by SoftBank Vision Fund 2

Big Health, which sells apps for insomnia and anxiety to employers and health plans, raises $75 million in a Series C funding round, increasing its total to $129 million.

Morning Headlines 1/20/22

Wheel Raises $150 Million Series C to Power the Virtual-First Care Revolution

White-label telemedicine and staffing company Wheel raises $150 million in a Series C investment round that brings its total funding to $216 million.

Babylon Acquires DayToDay Health to Help Patients Recover at Home and Drive Down Rehospitalization

Digital health company Babylon acquires DayToDayHealth, a startup launched out of MIT that offers patients pre- and post-visit care education, communication, and clinical support via personal care teams.

VA seeks dashboard to coordinate $21B health record project

The VA seeks dashboard technology that can facilitate communications; convey scheduling, tasks, and deadlines; and support decision-making amongst stakeholders involved with its EHR modernization project.

Morning Headlines 1/19/22

ONC Completes Critical 21st Century Cures Act Requirement, Publishes the Trusted Exchange Framework and the Common Agreement for Health Information Networks

ONC and The Sequoia Project publish the Trusted Exchange Framework and the Common Agreement (TEFCA) that will allow entities to apply for designation as Qualified Health Information Networks.

CliniSys acquires HORIZON Lab Systems and combines with Sunquest Information Systems to create one of the world’s largest organizations dedicated to diagnostics and laboratory informatics

England-based ordering communications and laboratory information management systems vendor CliniSys — which was purchased by Sunquest owner Roper Technologies in 2015 — acquires Raleigh, NC-based Horizon Lab Systems.

WebPT acquires Clinicient

Physical therapy software vendor WebPT acquires competitor Clinicient and its Keet digital MSK care subsidiary for an undisclosed sum.

Morning Headlines 1/18/22

ContinuumCloud Acquires CaredFor to Expand Solution Offering

ContinuumCloud, a cloud-based health IT developer focused on behavioral health and human services organizations, has acquired patient engagement app vendor CaredFor.

Rosen, Respected Investor Counsel, Encourages Talkspace, Inc. Investors to Secure Counsel Before Important March 8 Deadline in Securities Class Action

A class-action lawsuit filed in early January alleges digital mental health company Talkspace misled investors just before its merger with an SPAC that ultimately provided it with $250 million in capital.

Health Tech Startup Closes Seed Round

Radiology-focused analytics company Xillum raises $1.1 million in seed funding.

Morning Headlines 1/17/22

Digital Health Leader Verana Health Secures $150M Series E Funding Round

Verana Health, which sells real-world evidence data to life sciences companies, raises $150 million in a Series E funding round, increasing its total to $289 million.

MPulse Mobile Acquires HealthCrowd and Receives Growth Investment from PSG

Healthcare conversational AI vendor MPulse Mobile acquires healthcare communications vendor HealthCrowd and secures funding from PSG.

VA pushes back second EHR deployment, citing delays in training from COVID-19

The VA pushes back its second Cerner go-live from March 5 to April 30 at its Columbus, OH facility, which it says has experienced training delays because 200 of its 1,700 employees are absent.

Morning Headlines 1/14/22

Avaneer Health Announces $50 Million in Seed Funding from Healthcare Industry Leaders

Data exchange platform vendor Avaneer Health raises $50 million in seed funding.

Medically Home raises $110M to care for patients at home

Medically Home, which provides hospital-at-home support services and technology to health systems, raises $110 million.

DexCare Closes $50M Series B Funding Led by Transformation Capital to Advance Its Digital Care Operating System

Health system patient acquisition and capacity management software vendor DexCare, which was spun off by Providence, raises $50 million in a Series B funding round.

HeyRenee Raises Another $4.4M in Oversubscribed Seed II Funding Round Led by Quiet Capital; New Capital Accelerates Mission to Enable Effective Whole Person Healthcare

Heal co-founders Renee Dua, MD and Nick Desai raise $4.4 million for HeyRenee, their new, app-based care coordination and concierge service aimed at seniors.

Morning Headlines 1/13/22

DeepScribe Raises $30M To Become First Widely Accepted Application of Voice + AI in Healthcare

DeepScribe, an automated medical transcription startup based in San Francisco, raises $30 million.

Caregility Secures $25 Million in Additional Funding

Virtual care company Caregility will use a new $25 million investment from Star Mountain to scale its team and develop a new inpatient offering.

GTCR nears $1.3 billion deal for electronic health records company Experity

Private equity firm GTCR is reportedly close to acquiring urgent care health IT vendor Experity in a deal that could value the company at up to $1.3 billion.

U.S. Department of Veterans Affairs Partners with Google Cloud to Improve Veteran Access to Benefits and Services

The VA will leverage Google’s Apigee API management platform as part of a $13 million contract to help its developers create new digital health tools and services for veterans.

Morning Headlines 1/12/22

PerfectServe Acquires AnesthesiaGo, a First-of-Its-Kind Solution for Auto-Generating Daily Case Assignments for Anesthesia Staff

Clinical communications, collaboration, and scheduling technology company PerfectServe acquires AnesthesiaGo, a developer of automated daily case assignment software for anesthesia staff.

Transcarent Raises $200 Million in Series C Funding Highlighting Growing Demand for a Different Health and Care Experience Aligned with the Needs of Self-Insured Employers

Transcarent, the employer health insurance cost management software company led by Glen Tullman, raises $200 million in a Series C funding round that values the company at a reported $1.6 billion.

Vista Equity invests $300 mln in telehealth software firm TigerConnect

Healthcare collaboration software vendor TigerConnect secures $300 million in funding from Vista Equity Partners, bringing its total raised to $400 million.

Aledade Acquires Advance Care Planning Company Iris Healthcare as Part of New Health Services Arm

Primary care enablement company Aledade acquires Iris Healthcare, which offers advance care planning solutions.

Morning Headlines 1/11/22

R1 RCM to Acquire Cloudmed, Creating the Strategic Revenue Partner for Healthcare Providers

R1 RCM will acquire competitor Cloudmed for $4.1 billion.

BayMark Poised To Innovate Addiction Telemedicine Services Via Technology Company Acquisition

Behavioral health provider BayMark Health Services (TX) has acquired online addiction treatment vendor Kaden Health.

Celo Health Announces Opening of U.S. Headquarters in Seattle

Celo Health, a healthcare messaging app developer based in New Zealand, opens its US headquarters in Seattle.

Morning Headlines 1/10/22

Qlik files for IPO six years after being taken private for $3B

Thoma Bravo-owned analytics and data services company Qlik files for an IPO, with date, number of shares, and pricing yet to be determined.

Missouri’s CRMC brings network back online, 3 weeks after cyberattack

Capital Region Medical Center (MO) brings its systems back online after a December 17 cyberattack.

Maryland health workers, lawmakers want answers as problems persist a month after cyberattack

A December 4 cyberattack on the Maryland health department’s systems continues to impede staffers, including clinicians, from accessing several systems.

Morning Headlines 1/7/22

Stryker announces definitive agreement to acquire Vocera Communications

Stryker, a global medical technology company, will acquire digital care coordination and communications vendor Vocera in a deal worth $3 billion.

Aetion acquires synthetic data trailblazer Replica Analytics

Life sciences real-world evidence vendor Aetion acquires Replica Analytics, which generates privacy-protected copies of real world data.

B3 Group Acquired by Octo

Federal IT contractor Octo acquires B3 Group, which offers low code/no-code software development and holds a $686 million contract to develop the VA’s Digital Transformation Center.

Morning Headlines 1/6/22

Castlight Health and Vera Whole Health to Combine to Pioneer and Scale Value-Based Care in Commercial Market

Primary care company Vera Whole Health will acquire health data and benefits navigation technology company Castlight Health in a deal valued at $370 million.

Babylon Acquires Higi to Extend its Digital-First Healthcare Platform to Millions of People in the U.S.

Global digital health company Babylon acquires health kiosk vendor Higi.

Kiddo Announces $16M in Growth Investment to Address the Growing Need for Remote Patient Monitoring and Care Coordination for At-Risk Children

Pediatrics-focused remote patient monitoring vendor Kiddo raises $16 million in a Series A funding round led by Vive Collective.

Scoop: IBM tries to sell Watson Health again

After potential sale efforts floundered in early 2021, IBM is once again fielding offers for its Watson Health business.

Morning Headlines 1/5/22

Symplr to Acquire Midas Health Analytics Solutions from Conduent

Symplr will acquire Midas Health Analytics Solutions from Conduent for $340 million in cash.

Waymark closes $45M Series A to improve healthcare access and outcomes among Medicaid beneficiaries

Waymark, which supports Medicaid primary care providers with technology-enabled community care teams, raises $45 million in a Series A funding round.

Growth Continues for Carenet Health with Acquisition of Access-to-Care Innovator, OpenMed

Consumer engagement and telehealth solutions vendor Carenet Health acquires healthcare collaboration platform vendor OpenMed.