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Oct 02 2018

iDx, which offers an artificial intelligence platform for detecting diabetic retinopathy, has raised $33 million in a growth capital round.

https://www.prnewswire.com/news-releases/ai-diagnostics-company-idx-secures-significant-funding-from-8vc-optum-ventures-300718104.html
Oct 01 2018

UnitedHealth Group is buying Genoa Healthcare for around $2.5 billion.  Genoa has over 400 pharmacies, primarily in community mental health centers.  For some reason UHG has been shy about publicizing this purchase.

https://www.fiercehealthcare.com/payer/unitedhealth-buys-genoa-healthcare-adding-more-than-400-pharmacies-to-its-pbm?mkt_tok=eyJpIjoiWmpVeVlUSmpZVGhoTjJNMiIsInQiOiJWeFZnSkR5QU8yeEgyN3NpSHlIdTRXb1FSZXllTU1EUnVGTHMrRUFnZkRLYUNQSjNqK2JpQ1duYzhNRGtTc1RYa3JCQ1FJZXhLUk5QYVwvSmMwMGRrd0dXSlV3V1dQb1g0VDNudmQ4QmorRWFaQmxVVVNqV2FIQUFvYTJyMUw4MlMifQ%3D%3D&mrkid=635530
Oct 01 2018

Molina Health, which primarily offers Medicaid health plans, has sold its Medicaid information system business to DXC Technology Company for about $230 million.

https://molinahealthcare.gcs-web.com/news-releases/news-release-details/molina-healthcare-completes-sale-medicaid-management-information
Oct 01 2018

Two very large Texas-based hospital systems are merging, Hermann Memorial and Baylor Scott & White, with a combined 68 hospitals.

http://www.modernhealthcare.com/article/20181001/NEWS/181009994?utm_source=modernhealthcare&utm_medium=email&utm_content=20181001-NEWS-181009994&utm_campaign=mh-alert
Oct 01 2018

Carestack, which offers a practice management software suite for dental practices, garners a fresh round of $16 million in capital.

https://medcitynews.com/2018/09/carestack-cloud-based-dental-offices/?utm_campaign=MCN%20Daily%20Top%20Stories&utm_source=hs_email&utm_medium=email&utm_content=66175347&_hsenc=p2ANqtz--DdmJe-BXOFsKzZY0Z31FrzwZI2E1lETC7RGBk0elqflG6Ps-d4Fw8XSOdoFIiPTc4wQSRLokdgmNmZZmVMQ__ubCujaGXmPIczROSMNicclk4gM4&_hsmi=66175347&rf=1
Sep 27 2018

Maven, which helps working women with issues related to benefits around the birth of a child, raises another $27 million in capital.

https://www.prnewswire.com/news-releases/maven-raises-27-million-in-series-b-financing-to-bridge-the-gap-between-working-women-and-families-and-modern-health-benefits-300718952.html
Sep 21 2018

A PE firm has invested in three health care companies, Chronic Care Management, which does just that; Socially Determined, which measures social determinants of health, and AllyAlign, which helps long-term care firms with value-based reimbursement.

https://www.pehub.com/2018/09/the-ziegler-link•age-fund-ii-backs-three-healthcare-firms/
Sep 20 2018

Tempus Labs, which collects and analyzes genetic data, and makes it available to clinicians via a mobile app, has raised $110 million dollars.

https://medcitynews.com/2018/09/110m-fundraise-tempus-app/?utm_campaign=MCN%20Daily%20Top%20Stories&utm_source=hs_email&utm_medium=email&utm_content=66070805&_hsenc=p2ANqtz-_0cVyjhjAPHD37Gb9Xc0iEDoSkVNp5PTh11pGAZ6VXBLwHMTLce4GbWIU5zABzvpTwLnXLvNGQSdKsIDonLG4QBgc57Odtk53_GlRsmkIBkXfU0Rc&_hsmi=66070805
Sep 19 2018

Row, row, row your business is easy when you get $88 million in funding, but that is what Ro did for its consumer-oriented telehealth business.  See my prior note about too much capital looking for a home.

https://www.pehub.com/2018/09/ro-pulls-in-88-mln-series-a/
Sep 19 2018

OODA Health, which claims it will upend the current system for health care payment, has received an unusual $40.5 million dollars from quirky investors.   Oh, but wait, the CEO is the ex-CEO of Castlight Health, it is certainly OOD that anyone would invest in that guy.  If you don't believe there is too much capital floating around looking for a home, stuff like this proves it for sure.

https://techcrunch.com/2018/09/19/brotopia-inspired-ooda-health-to-raise-its-40-5m-round-only-from-firms-with-female-partners/
Sep 18 2018

SnapMD, which offers a virtual care platform for health systems, has raised an additional $7 million in capital.

https://www.beckershospitalreview.com/telehealth/snapmd-raises-7m-in-series-b-funding.html
Sep 18 2018

TriMedex, which manages medical equipment for hospitals, is acquiring the health technology business of Aramark for $300 million.

https://www.ibj.com/blogs/17-the-dose/post/70505-trimedx-nearly-doubles-workforce-with-300m-acquisition
Sep 17 2018

Wellth garners some wealth, getting $5.1 millionth in new fundingth to build a businessth to use behavioral ecomomicsth to support adherenceth to care plansth.   Here's to your healthth!!

https://medcitynews.com/2018/09/wellth-raises-5-1m/?utm_campaign=MCN%20Daily%20Top%20Stories&utm_source=hs_email&utm_medium=email&utm_content=65946765&_hsenc=p2ANqtz--wkLCqm3DNI5hDihqhTD1CJhOz2f1rLG1mW7L_qxbtOddXh2f0U1wcuCJN7lgDLp95iPE7v8q-MBVxlTKR1dWGVBQ8VaQLTuuudwbo8FEBxAmclIw&_hsmi=65946765
Sep 12 2018

Britain-based Medopad, which has an app that allows remote monitoring of vital signs through wearables, is buying US-based Sherbit, which offers a similar service.

https://www.forbes.com/sites/parmyolson/2018/09/11/health-tech-rising-star-medopad-buys-patient-tracking-rival-sherbit-to-expand-stateside-and-boost-ai/#65892cd73bae
Sep 11 2018

NeuroFlow streams a fresh $1.2 million in financing for its program to integrate mental health care into medical care.

https://medcitynews.com/2018/09/neuroflow-mental-health-platform/?utm_campaign=MCN%20Daily%20Top%20Stories&utm_source=hs_email&utm_medium=email&utm_content=65824544&_hsenc=p2ANqtz-97_TdvHpEgu4IZ_MDoKO1DFf2rzt1gmtFOdoXqwk_FA8LwUe0Yvrd6rf_Hqeewqq0Hpj7EDynHOdbrqnQrhILW1VTm2ZIM8jnmhOlujVaThemAweg&_hsmi=65824544&rf=1
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