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.

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.