Morning Headlines 2/16/22

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.

Morning Headlines 2/15/22

Nevada Tech Company Brisk Health Launches Mobile Urgent Care

Las Vegas-based Brisk Health launches app-based telemedicine and urgent care house call services.

PriorAuthNow Raises $25 Million to Expedite Healthcare Authorizations

PriorAuthNow, which offers automated prior authorization software for providers and payers, raises $25 million, bringing its total funding to $57 million.

DaVita Acquires MedSleuth, Deepens Efforts to Improve Transplant Experience

Kidney care company DaVita acquires transplant software vendor MedSleuth for an undisclosed sum.

Morning Headlines 2/11/22

Ideawake Closes Investment with HealthX Ventures to Democratize Innovation on the Frontlines in Healthcare

HealthX Ventures invests in Ideawake, which offers a platform for healthcare leaders to engage employees and their ideas for saving money and improving care via time-based challenges that are transparently tracked.

AndHealth, the Digital Health Company for Reversing Migraine and Autoimmune Diseases Raises $57 Million in Financing for Growth

AndHealth — which offers app-based, employer-sponsored treatment, coaching, and medication management for migraine – comes out of stealth mode and raises $57 million in funding.

Signify Health to acquire Caravan Health, accelerating the movement to value-based healthcare

Signify Health, which offers technology, analytics, and provider networks geared towards value-based payment programs, will acquire ACO enablement company Caravan Health for $250 million.

2nd Watch Expands Data & Analytics Capabilities with Acquisition

Cloud services company 2nd Watch acquires cloud data and analytics consultancy Aptitive.

Morning Headlines 2/10/22

Thirty Madison and Nurx to merge, creating the leading virtual specialty care platform

Thirty Madison, a direct-to-consumer telemedicine company focused on chronic conditions, acquires Nurx, which offers women virtual care for dermatology and reproductive and sexual health.

Compliancy Group Announces Aldrich Capital Partners has committed to invest $75 million

Compliancy Group, a New York-based HIPAA compliance software and training business, secures a $75 million investment from Aldrich Capital Partners.

Tabula Rasa Healthcare to Sell DoseMeRx

Medication risk management vendor Tabula Rasa Healthcare decides to put its DoseMeRx precision dosing software, acquired in 2018, up for sale.

Morning Headlines 2/8/22

AristaMD Acquires Referral Management Solution, Preferral, to Increase Patient Access to Specialty Care

E-consult company AristaMD acquires referral management platform developer Preferral for an undisclosed sum.

Press Ganey Announces Plans to Acquire Forsta — a Leader in the 2021 Gartner Magic Quadrant for Voice of the Customer — to Accelerate Innovation in the Global Healthcare Experience Industry

Healthcare advisory and analytics firm Press Ganey acquires Forsta, a customer experience and market research technology business.

Neura Health Raises $2.2M to Improve Access and Quality of Care for Neurologic Conditions

Neura Health, a membership-based virtual clinic specializing in treatments for headaches, raises $2.2 million in seed funding.

Morning Headlines 2/7/22

Premier, Inc. Reports Fiscal Year 2022 Second Quarter Results

Premier reports Q2 results: revenue down 10%, adjusted EPS $0.73 versus $0.65, beating Wall Street expectations for both.

Vyaire Medical Issues Voluntary Correction for Certain Bellavista Ventilators in Specific Software Configurations

Ventilator manufacturer Vyaire Medical warns users of certain models to turn off the HL7 communication option after customers reported that the devices “unintentionally ceased ventilation during clinical use and require rebooting to resume ventilation.”

HHS: Conti ransomware encrypted 80% of Ireland’s HSE IT systems

HHS publishes a threat brief dissecting the ransomware attack that disrupted Ireland’s health service for four months.

Morning Headlines 2/4/22

SOC Telemed to be Acquired by Patient Square Capital

Healthcare investment firm Patient Square Capital will acquire acute care telemedicine platform vendor SOC Telemed for about $300 million.

Baker Tilly Acquires Orchestrate Healthcare

Advisory CPA firm Baker Tilly, US acquires Orchestrate Healthcare, which offers consulting services for EHR implementation, analytics, IT security, and health IT staffing.

Change Healthcare Inc. Reports Third Quarter Fiscal 2022 Financial Results

Change Healthcare reports Q3 results: revenue up 10%, adjusted EPS $0.36 versus $0.34, meeting earnings expectations and beating on revenue.

‘The darkest, most bottomless pit in healthcare:’ Goodbill raises $3.4M to tackle medical billing

Hospital billing and payment transparency software startup Goodbill has raised $3.4 million in seed funding.

Morning Headlines 2/3/22

KIPU Health Appoints Healthcare Industry Leader R. Andrew Eckert as Chairman of its Board of Directors

Kipu Health appoints former TriZetto and Eclipsys CEO Andrew Eckert (Zelis) as chairman of its board.

Calm app acquires Ripple Health Group and appoints a new co-CEO

Relaxation app developer Calm acquires Ripple Health Group, which offers caregivers digital healthcare organizers and coordination with professional care teams.

Biden relaunches cancer-fighting ‘moonshot’

President Biden announces the relaunch of his Cancer Moonshot program, which aims to reduce the cancer death rate by 50% over the next 25 years, alongside the proposed launch of the Advanced Research Projects Agency for Health.

Morning Headlines 2/2/22

PointClickCare Technologies Announces Intent to Acquire Audacious Inquiry

Post-acute care software vendor PointClickCare will acquire Audacious Inquiry, a Baltimore-based care notification and coordination technology company.

Jasper Health Raises $25 Million in Series A Funding to Increase Access to Comprehensive Cancer Experience and Care Navigation Platform

Cancer care navigation and experience platform vendor Jasper Health raises $25 million in a Series A funding round.

VA failed to ensure data quality during initial EHR rollout, GAO finds

A GAO report finds that the VA did not establish performance measures and goals for migrating data from VistA to Cerner Millennium and HealteIntent before initial go-live in October 2020, resulting in the recommendation that the VA establish and use data performance measures and use a stakeholder register to make sure reporting needs are addressed.

Forescout Acquires CyberMDX to Expand Healthcare Cybersecurity Focus

Enterprise cybersecurity firm Forescout Technologies acquires healthcare cybersecurity company CyberMDX.

Morning Headlines 2/1/22

Vynca Secures $30 Million in Funding to Expand Integrated Palliative Care Platform

Advanced care planning software vendor Vynca raises $30 million in a funding round led by Quest Capital.

Citrix to Be Acquired by Affiliates of Vista Equity Partners and Evergreen Coast Capital for $16.5 Billion

Vista Equity Partners and Evergreen Coast Capital will acquire Citrix for $16.5 billion and merge it with Tibco Software, an enterprise data management company that includes healthcare providers and payers among its customers.

Athelas raises $132mm+ to power remote care for healthcare systems and practices. Company now valued at $1.5 Billion.

Remote patient monitoring company Athelas achieves a $1.5 billion valuation after raising $132 million in two funding rounds.

Morning Headlines 1/31/22

Suicide hotline shares data with for-profit spinoff, raising ethical questions

Crisis Text Line, a non-profit that uses big data and AI to provide text-based behavioral support, reportedly shares its anonymized text conversations with a for-profit spinoff that sells customer service software.

1-800 Contacts Announces New Company Focused on B2B Vision Technologies and Services

1-800 Contacts launches Luna Solutions, a new business that will offer third parties vision-focused services and technologies including telehealth and online prescriptions.

Cleveland Clinic Appoints Rohit Chandra, Ph.D., as Chief Digital Officer

Cleveland Clinic hires Rohit Chandra, PhD (Sunshine) to the newly created role of chief digital officer.

Morning Headlines 1/28/22

Apollo Medical Holdings, Inc. Announces Acquisition of Value-Based Care Technology Platform Orma Health, Welcomes New Chief Analytics Officer and President of Provider Solutions

Value-based care services and technology vendor ApolloMed acquires Orma Health, a Direct Contracting Entity that offers a clinical AI platform for remote patient monitoring.

PureTech Founded Entity Akili Interactive, a Leader in Digital Medicine, to Become Publicly Traded Through Combination with Social Capital Suvretta Holdings Corp.

Akili Interactive, which offers neural stimulation apps that target attention function, announces that it will go public in a SPAC merger in mid-2022 that values the company at up to $1 billion.

NextGen Healthcare Reports Fiscal 2022 Third Quarter Results

NextGen Healthcare reports Q3 results: revenue up 6%, adjusted EPS $0.24 versus $0.26, beating earnings expectations.

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.