Morning Headlines 9/11/24

Oracle shares jump 13% on earnings and revenue beat

Oracle reports Q1 results: revenue up 7%, adjusted EPS $1.39 versus $1.19, beating Wall Street expectations for both and sending ORCL shares to an all-time high.

Pieces Technologies Raises $25M Growth Round to Expand Leading Suite of Generative AI Solutions

Clinical generative AI company Pieces Technologies announces $25 million in new growth funding from investors that include OSF HealthCare (IL) and Children’s Health (TX).

Highlander Health Launches to Modernize Clinical Research and Patient Care

Amy Abernethy, MD, PhD (Verily) and Brad Hirsch, MD (Verily) launch Highlander Health, which will focus on evidence generation and related investment.

NeoPrediX Secures Investment From Springhood Ventures to Advance Neonatal Health Innovations

NeoPrediX, a predictive analytics business focused on neonatal and maternal care, announces new funding from Springhood Ventures.

Morning Headlines 9/10/24

EQT to acquire GeBBS Healthcare Solutions, a leading healthcare technology solutions provider

Global investment firm EQT will acquire revenue cycle and health information management company Gebbs Healthcare Solutions from ChrysCapital.

Aledade Launches Recruiting Service to Connect Primary Care Practices to Talent

Primary care network management company Aledade launches a physician recruiting service.

Cyberattack recovery costs hit $8.9M for SW Ontario hospitals — so far

Five hospitals in Ontario and Transform Shared Service Organization, their shared services provider, are on track to spend $6.6 million on recovery efforts stemming from a ransomware attack in October 2023.

Morning Headlines 9/9/24

EQT Is Said to Consider Sale of US-Headquartered AGS Health

Global investment firm EQT reportedly considers strategic alternatives for RCM vendor AGS Health that include a possible sale.

Zelis Owners in Talks to Sell Stake at $17 Billion Value

The private equity owners of Zelis consider selling their minority stake in the healthcare payments company in a potentially $17 billion deal.

Kipu Health Acquires Hatch Compliance to Strengthen Behavioral Health Technology Portfolio

Behavioral health technology vendor Kipu Health acquires Hatch Compliance, which specializes in compliance and risk management software for behavioral health providers.

Morning Headlines 9/6/24

The Rawlings Group, Apixio Payment Integrity, and VARIS Merge to Form Next-Generation Payment Accuracy and Integrity Platform

New Mountain Capital will combine three of its healthcare billing portfolio businesses into a new company valued at $3 billion.

WindRose Health Investors Makes Strategic Investment in MyndYou

MyndYou, a virtual care assistant software developer, secures funding from WindRose Health Investors.

Kain Capital Launches Kain Analytics

Kain Capital’s new subsidiary, Kain Analytics, will offer healthcare companies value-based care data automation capabilities and intelligent dashboards that deliver real-time analytics.

Morning Headlines 9/5/24

Netsmart Announces Acquisition of HealthPivots to Support Value-Based Care Transition for Healthcare Providers

Netsmart acquires HealthPivots, a post-acute care market intelligence firm based in Oregon.

Revelstoke Capital Partners Announces Significant Growth Investment in MediQuant

Healthcare data management company MediQuant secures an undisclosed amount of funding from Revelstoke Capital Partners.

Navigating Cancer Accelerates Investments to Enhance Care Management Platform for Providers and Patients

OneOncology acquires digital oncology care software vendor Navigating Cancer.

Morning Headlines 9/4/24

‘Hospital at home’ startup Doccla raises $46 million for its European expansion

UK-based virtual hospital and remote patient monitoring technology vendor Doccla raises $46 million in a Series B funding round.

Rejoy Health Secures $125 Million Valuation, Plans AI Expansion in Healthcare

New funding for Rejoy Health, developer of large language models for healthcare applications, puts its valuation at $125 million.

Radiology data sharing vendor Enlitic to acquire rival for $5M

Medical imaging data company Enlitic will acquire competitor Laitek for $5 million.

Morning Headlines 8/30/24

MedHQ Expands Footprint with Acquisition of Trajectory Revenue Cycle Services

Healthcare advisory and administrative services company MedHQ acquires Trajectory Revenue Cycle Services.

CommonWell Health Alliance Announces Members, Platform Enhancements to Advance Interoperability with TEFCA-Ready Platform

CommonWell Health Alliance announces that Athenahealth, ModuleMD, and Solace Health are live on its new TEFCA-ready platform and QHIN that was developed with Ellkay.

Judge Ponders House Arrest for Indicted ADHD Telemedicine CEO

After considering her propensity to delete digital evidence and deeming her a flight risk, a federal judge considers placing Done Global founder and CEO Ruthia He under house arrest while she awaits trial on federal drug, fraud, and obstruction of justice charges.

Morning Headlines 8/29/24

PatientPay Emerges as a Powerhouse in Healthcare Billing and Payments through a Strategic Merger with ClearGage

PatientPay acquires healthcare treatment estimate and payments software vendor ClearGage.

MedScape Launches Free AI Tool to Recap Patient Visits

Medscape launches a free AI scribe for US physicians that can summarize a patient visit in SOAP, H&P, or POMR format.

Hillhouse bids highest to buy healthcare BPO GeBBS from Chrys Cap for $870 mn

Top bidder Hillhouse Investment reportedly offers ChrysCapital $870 million to acquire HIM and RCM vendor Gebbs Healthcare Solutions.

Morning Headlines 8/28/24

Access and Use of Electronic Health Information by Individuals with Cancer: 2020-2022

An ASTP/ONC study finds that 60% of people who were recently diagnosed with cancer accessed their online medical records in 2020-2022, a marked increase from 2017-2018.

Pfizer Launches PfizerForAll, a Digital Platform that Helps Simplify Access to Healthcare

Pfizer launches PfizerForAll, a direct-to-consumer online healthcare business that offers virtual consults for select conditions, prescription and test delivery to the home, and local appointment scheduling for vaccines.

Cantata Health Solutions Acquires Geisler IT Services as Momentum for its Arize EHR Platform Continues to Increase

EHR vendor Cantata Health Solutions acquires Ohio-based Geisler IT Services for an undisclosed sum.

Morning Headlines 8/27/24

McKesson Signs Agreement to Acquire Controlling Interest in Florida Cancer Specialists & Research Institute’s Core Ventures

McKesson will acquire business and administrative services company Core Ventures from Florida Cancer Specialists & Research Institute for $2.5 billion.

McLaren Health Care IT system restored following cyberattack

McLaren Health Care (MI) fully restores its computer systems following a ransomware attack earlier this month.

Forge Health Poised for Optimization and Expansion with Strategic Investment from MFO Ventures

Hybrid mental healthcare provider Forge Health will use new funding from MFO Ventures to develop tailored programs for cancer patients and to expand its virtual care services beyond the five states in which it currently operates.

Morning Headlines 8/26/24

Evolent Health up for sale

Publicly traded healthcare software vendor Evolent Health is reportedly considering acquisition offers from several private equity firms and insurer Elevance Health.

Cognizant’s subsidiary TriZetto files lawsuit against Infosys over trade secrets

Cognizant-owned TriZetto sues Infosys, claiming that the company stole trade secrets related to TriZetto’s Facets and QNXT health insurance software .

Indicted Telemedicine CEO an ‘Extreme Flight Risk,’ Judge Says

A federal judge deems indicted Done Global founder and CEO Ruthia He a flight risk at a bail hearing last week due to the fact that she has family in China and potential access to company and personal accounts worth a combined $10 million.

Morning Headlines 8/23/24

Buzzy mental health startup Slingshot AI just grabbed $30 million from A16oz

AI-powered mental health chatbot vendor Slingshot AI reportedly raises $30 million in funding, valuing the company at $220 million.

Indian Health Service CMIO Details EHR Modernization Effort

The Indian Health Service will launch its first Oracle Health pilot in 2026 as it replaces its 40-year-old RPMS EHR in a 10-year, $2.5 billion project.

Arsenal Capital Partners Signs Agreement to Acquire Knowtion Health

Arsenal Capital Partners will acquire RCM vendor Knowtion Health from Sunstone Partners, which will remain an investor.

Solace Raises $14M to Empower Patients through Healthcare Advocates

Digital healthcare navigation company Solace Health raises $14 million in Series A funding, bringing its total raised to $21 million.

Morning Headlines 8/22/24

Telehealth company Truepill gets swallowed for $525 million

At-home testing and virtual care company LetsGetChecked acquires digital pharmacy company Truepill for $525 million.

Phrase Health Secures $2M NIH SBIR Funding

Phrase Health will use $2 million in NIH funding to develop Quality Improvement templates for its EHR workflow management software.

CancerIQ scores growth funding from private equity

Cancer risk assessment and care planning software company CancerIQ secures funding from Decathlon Capital Partners.

Morning Headlines 8/21/24

Clarium Announces $10.5M Strategic Financing Round Led by General Catalyst to Accelerate the Modernization of Healthcare Supply Chain

Hospital supply chain automation company Clarium announces $10.5 million in new funding and the GA of its new Astra OS workflow software and data ecosystem.

Premier, Inc. (PINC) Tops Q4 Earnings and Revenue Estimates

Premier announces Q4 results: revenue up 3%, EPS $0.69 versus $0.68, beating Wall Street expectations for both.

Bingham Healthcare expands services in Pocatello with new telepharmacy and ER behavioral health and neurology telemedicine initiatives

Bingham Healthcare (ID) will use a $110,000 grant to launch telepharmacy services at its Pocatello location and teleneurology and virtual behavioral healthcare consults at Bingham Memorial Hospital’s ER.

Morning Headlines 8/20/24

Buffalo startup raises $6.8 million

Sleep apnea-focused digital healthcare company Ognomy announces a $6.8 million seed funding round.

These techies are solving US healthcare challenges

Providence (WA) will hire an additional 2,000 staff at its IT hub in India by the end of 2025.

Well Health plans to spin out, publicly list SaaS and services business in 2025

Canadian healthcare provider and IT company Well Health will spin off and publicly list its Well Provider Solutions software business in the first half of next year.

Morning Headlines 8/19/24

Epic Commends Carequality

Epic expects all of its customers to go live on TEFCA by the end of 2025 using its Epic Nexus QHIN.

McLaren Health confirms ransomware attack, says recovery will last through August

McLaren Health Care (MI) reports that it will take another several weeks to fully recover from an August 4 ransomware attack.

Palomar Health Medical Group restores operations following cyberattack

Palomar Health Medical Group (CA) announces that it has fully restored its computer systems after a cyberattack discovered in early May forced them offline.

Morning Headlines 8/15/24

Caresyntax Raises $180 Million Funding to Accelerate Growth and Adoption of Precision Surgery

Precision surgery platform vendor Caresyntax raises $180 million in a Series C funding round.

Scaling Photon

Text-based prescription management software startup Photon announces $9 million in new funding, bringing its total raised to $16.4 million.

OmniSYS Becomes XiFin Pharmacy Solutions, Launches Pharmacy Payor Rate Transparency Monitor and Receives Industry Recognition with Pharmacy 500 Award

XiFin rebrands pharmacy technology business OmniSys to XiFin Pharmacy Solutions and announces plans to launch a visualization tool that will help pharmacies compare payer reimbursement rates.