Morning Headlines 1/29/25

Manas AI Launches to Transform Discovery of Novel Cancer Medicines

AI-powered cancer drug discovery startup Manas AI launches with a $25 million seed funding round.

Delfina Raises $17M to Revolutionize Maternal Health with AI-Powered Care.

Delfina, which offers an AI-driven pregnancy care platform, raises $17 million in a Series A funding round.

Q&A: Why this health AI startup is shutting down

Equality AI CEO Maia Hightower, MD, MPH, MBA announces that the company, which focused on trustworthy AI in healthcare, has closed after four years.

Morning Headlines 1/28/25

Raintree Systems Acquires Rehab Therapy AI Technology Leader Yoomi Health

Therapy-focused health IT vendor Raintree Systems acquires Yoomi Health, a New York-based company specializing in digital tools and remote patient monitoring for physical therapy.

Aligned Marketplace Increases Total Seed Funding to $11M, Expands Advanced Primary Care and Employer Partnerships, Including with 7-Eleven

Aligned Marketplace, which offers an online platform that connects self-insured employers to advanced primary care providers, raises $3 million in seed funding.

Walgreens Stock Falls on Concerns Potential Buyout Deal is ‘Dead’

The Wall Street Journal reports that a potential take-private deal between Walgreens and private equity firm Sycamore Partners, first reported in early December, is no longer on the table.

Morning Headlines 1/27/25

UnitedHealth says hack at tech unit impacted 190 million people

UnitedHealth Group increases its estimate of individuals impacted by a February 2024 ransomware attack on its Change Healthcare division from 100 million to 190 million, affecting nearly half of all Americans.

Leidos teams with CareDx to transform the Organ Procurement and Transplantation Network

Leidos selects transplant software vendor CareDx to fulfill its $235 million federal contract to modernize the Organ Procurement and Transplantation Network.

Allara lands $26M to expand women’s hormone telehealth

Virtual women’s hormonal healthcare company Allara raises $26 million in a Series B funding round.

Startup Rad AI has raised new funding from Transformation Capital at a valuation of $525 million

Rad AI, which offers AI-powered workflow tools for radiologists, raises $73 million in a Series C funding round that values the company at $525 million.

Morning Headlines 1/24/25

TRICARE Online Patient Portal Decommissioning: Download Your Health Records Now

The Department of Defense urges patients who want personal copies of their legacy medical records to download them immediately from the TRICARE Online Patient Portal, which will be shut down on April 1 since it has been replaced by MHS Genesis.

UCHealth experiences issue with electronic record system

UCHealth (CO) recovers from a brief EHR outage that also impacted its patient app.

NHS plans £180m framework for AI diagnostics and predictive analytics

The UK’s NHS will establish a $250 million fund to help trusts invest in diagnostic and predictive AI tools, with an initial focus on medical image analysis and pathology.

Trump’s VA pick voices support for continued EHR deployment

VA secretary nominee Doug Collins tells the Senate Veterans’ Affairs Committee that he will review the VA’s Oracle Health implementation with a fresh perspective and is optimistic about its completion, noting that project rollouts could resume earlier than the recently announced target date of mid-2026.

Morning Headlines 1/23/25

Eleos Raises $60M Series C to Transform Behavioral Health with AI Agents

Behavioral healthcare AI company Eleos announces $60 million in Series C funding, bring its total raised to $128 million.

Erlanger restores all network systems

Erlanger Health (TN) recovers from a Wednesday morning network outage, which the health system says was not related to a cyberattack.

Trump announces $500B Stargate AI project: ‘Country will be prospering like never before’

Shares of AI infrastructure companies rise sharply on the White House’s announcement of Stargate, a private sector project in which major technology companies, several of which have strong healthcare ties, will invest up to $500 billion to build AI data centers.

CareGenix Receives Growth Funding Package From Decathlon Capital Partners

Decathlon Capital Partners invests in virtual care and remote patient monitoring company CareGenix.

Morning Headlines 1/22/25

Percipio Health raises $20M and unveils AI-powered Population Health Monitoring platform

App-based population health startup Percipio Health officially launches with $20 million in Series A funding from investors that include UPMC Enterprises and Labcorp.

Innovaccer Acquires Humbi AI to Launch Actuarial and Contracting Copilot Capabilities for Payers, Providers, and Life Sciences Companies

Innovaccer acquires actuarial software vendor Humbi AI.

Iris Telehealth Acquires InnovaTel to Expand Telepsychiatry Services

Behavioral telehealth vendor Iris Telehealth acquires InnovaTel, which offers telepsychiatry services.

Morning Headlines 1/21/25

NS Health fine-tunes text message and YourHealthNS appointment reminder service

Nova Scotia Health officials alert patients to improvements being made to a text-based appointment reminders service they attempted to roll out last week.

IntusCare Increases Total Funding to Over $27M through Strategic Follow-On Funding

Senior-focused healthcare technology and managed care services company IntusCare announces $11.5 million in additional funding.

Knack RCM Announces Acquisition of HealthyBOS, a Leading US and Philippines-Based Revenue Cycle Management Provider

Knack RCM, which provides revenue cycle services to ambulatory providers and durable and home medical equipment suppliers, acquires DME-focused revenue cycle company HealthyBOS.

Morning Headlines 1/20/25

Passing the Baton

ASTP / National Coordinator Micky Tripathi, PhD, MPP says his goodbyes after four years.

23andMe has been quietly exploring a possible sale of its telehealth business, Lemonaid

Struggling consumer genetic testing company 23andMe considers selling its Lemonaid telehealth business, which it acquired in 2021 for $400 million.

US firm set to build Somerset HQ despite concerns

The local council approves Epic’s plans for a 90-acre, 2,000-employee European headquarters in North Somerset, England.

Morning Headlines 1/17/25

Glitches force N.S. Health to put text message reminders on hold

Canada’s Nova Scotia Health pauses its rollout of appointment text reminders after the system sent incorrect information, failed to indicate whether the visit was in-person or virtual, and in some cases referred to a non-existent appointment.

DEA Announces Three New Telemedicine Rules that Continue to Open Access to Telehealth Treatment while Protecting Patients

DEA announces new rules that will give providers more flexibility in prescribing controlled substances via telehealth and treating veterans virtually.

UnitedHealth (UNH) Reports Q4 Earnings: What Key Metrics Have to Say

UnitedHealth Group reports Q4 results: revenue up 6.8%, EPS $6.81 versus $6.16, beating earnings expectations but falling short on revenue.

Teal Health raises $10M to create at-home cervical cancer screenings

Teal Health, which is in the process of developing a telehealth-based service for at-home cervical cancer screenings, announces $10 million in additional seed funding.

Core Sound Imaging, Provider of Medical Imaging Platform Studycast, Announces $80 Million Growth Investment from PSG

Medical imaging solution vendor Core Sound Imaging raises a $80 million growth investment and gives the private equity investor the executive chair seat on the board.

Morning Headlines 1/16/25

Iron Health Acquired by Metronomic Inc.

Maternal healthcare-focused digital health company Metronomic acquires Iron Health, which offers Ob/Gyn practices add-on services including virtual visits, messaging, and care coordination and outcomes tracking.

UnitedHealth hid its Change Healthcare data breach notice for months

TechCrunch reports that Change Healthcare, which experienced a debilitating ransomware attack last February, has hidden its data breach notice webpage from search engines.

HHS Office for Civil Rights Settles HIPAA Case Against Memorial Healthcare System Over Patient Access to Records

Memorial Healthcare System (FL) will pay $60,000 to settle allegations that it violated HIPAA by taking nine months to provide a patient with access to his medical records.

Morning Headlines 1/15/25

Leading US health systems launch the Truveta Genome Project, creating the world’s largest and most diverse database to discover the science of humanity

Several health systems launch the Truveta Genome Project, which will create a database of genotypic and phenotypic information.

Health Care Service Corporation Co-Leads Solera Health Series E Financing to Expand Access to Quality Digital Health

Solera Health, which offers employers and payers access to curated digital health programs, announces $40 million in new funding.

UK’s latest unicorn Cera raises $150M to reduce NHS strain with AI healthcare platform

UK-based digital-first home healthcare provider Cera raises $150 million in financing, valuing the company at over $1 billion.

Morning Headlines 1/14/25

New Mountain Nears Deal to Acquire Access Healthcare

New Mountain Capital is reportedly prepping to acquire RCM vendor Access Healthcare in a $2 billion deal.

Qventus Announces $105 Million Investment, Series D Led by KKR

Healthcare operations optimization software company Qventus announces $105 million in new funding.

Health Catalyst Signs Definitive Agreement to Acquire Upfront Healthcare Services

Salt Lake City-based health data and analytics vendor Health Catalyst will acquire patient engagement-focused Upfront Healthcare Services.

Morning Headlines 1/13/25

Walgreens shares soar 27% on big earnings beat, as drugstore chain cuts costs

Shares jump on the news of Walgreens Q1 results: revenue up 7.5%, EPS –$0.31 versus –$0.08, beating expectations for both.

MultiCare Capital Partners Invests in Layer Health to Accelerate Deployment of Responsible AI in Healthcare

Automated chart review vendor Layer Health announces new funding from MultiCare Health System’s investment arm.

Datavant is on the M&A hunt as the $7B health data company bulks up before a potential IPO

Datavant, which has made 11 acquisitions since 2017, is reportedly looking to buy one or two more companies in early 2025.

US Department of Health and Human Services: Strategic Plan for the Use of Artificial Intelligence in Health, Human Services, and Public Health

HHS publishes a strategic plan for the use of AI in healthcare, focusing on four areas that will help the department responsibly develop and use the technology within its programs.

Morning Headlines 1/10/25

Hippocratic AI Completes $141MM Series B Financing Round Led by Kleiner Perkins, Valuing the Company at $1.64B

Healthcare AI agent developer Hippocratic AI will use $141 million in new funding to help it begin marketing its solutions to payers and pharmaceutical companies and to expand into additional global markets.

Bluesight Expands Compliance Capabilities and Strengthens Platform through Acquisition of Protenus

Inventory management, procurement, and compliance vendor Bluesight acquires Protenus, a healthcare compliance analytics company based in Baltimore.

Qualified Health Launches with $30M Seed Funding to Develop the Infrastructure for Generative AI in Healthcare

Qualified Health, which offers healthcare AI governance infrastructure, raises $30 million in seed funding.

Amwell divests virtual psychiatric care business to Avel ECare in all-cash transaction

Amwell sells its virtual psychiatric care service to Avel ECare for $21 million in cash.

Innovaccer aims to become healthcare’s AI powerhouse with $275M Series F

Innovaccer announces $275 million in a Series F funding round, bringing its total raised to $675 million.

Morning Headlines 1/9/25

Transcarent To Acquire Accolade

Transcarent, which offers a member-focused benefits navigation, clinical guidance, and virtual care platform, will acquire personalized healthcare platform developer Accolade for $621 million.

Red Rover Health Raises $4 Million in Funding to Grow Healthcare App Store Platform

Healthcare app integration company Red Rover Health raises $4 million in seed funding.

Warburg Pincus explores $5 billion-plus sale of Modernizing Medicine, sources say

Private equity firm Warburg Pincus is reportedly considering selling Modernizing Medicine, which it first invested in eight years ago and considered selling in 2022.

MDaudit Announces Strategic Growth Investment from Bregal Sagemount and Primus Capital

Medical billing company MDaudit announces new funding from Bregal Sagemount and Prime Capital.

Net Health Acquires Alinea Engage to Further Optimize Patient Engagement and Outcomes in Rehab Therapy

Wound care and rehab therapy software company Net Health acquires rehab therapy-focused automation and patient engagement software vendor Alinea Engage.

Morning Headlines 1/8/25

NeuroFlow Announces Strategic Deal to Incorporate Intermountain Health’s Sophisticated Behavioral Health Risk Model into NeuroFlow’s Analytics Suite

Behavioral health technology and analytics vendor NeuroFlow acquires a behavioral health analytics module developed by Intermountain Health.

Highlander Health Announces Inaugural Investment of Target RWE

Evidence generation platform vendor Highlander Health, launched in September 2024 by oncologists Amy Abernethy, MD, PhD and Brad Hirsch, MD, acquires real-world datasets company Target RWE.

Onrad Inc. Acquires Direct Radiology in a Move That Expands Capabilities, Enhances Quality and Outcomes

Teleradiology services company Onrad acquires the 80-radiologist Direct Radiology practice from Philips, making it the largest independent teleradiology vendor in the US.

Providence Ventures spins out, forms Allumia Ventures

Health tech venture capital firm Providence Ventures spins off from Providence to form Allumia Ventures.

HHS Office for Civil Rights Settles 8th Ransomware Investigation with Elgon Information Systems

Massachusetts-based Elgon Information Systems will pay $80,000 to settle federal allegations related to its failure to prevent a March 2023 ransomware attack that would up exposing the protected health information of 31,000 patients.

Morning Headlines 1/7/25

Virtual visits to play an increased role as a part of Marshfield, Sanford merger

Sanford Health (SD) and Marshfield Clinic Health System (WI) expect to offer additional virtual care services to their respective patient populations as a result of Sanford’s recently finalized acquisition of Marshfield.

AirStrip Technologies Adds Clinical Decision Support Capabilities with Strategic Acquisition of DECISIO Health

Clinical surveillance and alarm management company AirStrip Technologies acquires Decisio Health, which specializes in clinical decision support and remote patient monitoring software.

FDA Issues Comprehensive Draft Guidance for Developers of Artificial Intelligence-Enabled Medical Devices

The FDA publishes draft development and marketing recommendations for developers of AI-enhanced medical devices, with comments due April 7.