Investors may get the sharp end of the stick and swallow some losses, as Sword Health, which manages musculoskeletal conditions, raised an insane $163 million at an even more insane $2 billion valuation. There is nothing proprietary about what this company does, and no barriers to entry.
Crazy funding continues apace, as Medallion receives $30 million in new funding for doing something called digital health infrastructure which in this case just turns out to be helping doctors deal with licensing issues in various states.
Best Buy is another large corporation trying to make a bet on health care, in this case largely by providing remote patient monitoring services. The company made yet another significant acquisition in the space, buying Current Health.
Just so men don't feel left out, a company called Numan has raised $40 million for an app, yada, yada, yada, helping men with ED and other health issues. Also capital headed for tube city.
Money streams in to Flo, which sells an app for women to track menstrual cycles, etc. Investors hope they won't be left up a creek. $100 million in financing that is highly unlikely to ever generate a return.
More women's health investing, as Tia secures $100 million in fresh capital to create a "modern medical home" for women. Here is my rule, the more buzz words, the less likely you should invest.
Alpha Med comes letters in getting money from investors, raising a new $24 million financing round for some amorphous business related to women' telehealth.
The telehealth investment craziness continues as well, with eVisit, a provider of software to help health systems offer telemedicine, raises $45 million in new funding.
The Healthy Skeptic is a website about the health care system, and is written by Kevin Roche, who has many years of experience working in the health industry. Mr. Roche is available to assist health care companies through consulting arrangements through Roche Consulting, LLC and may be reached at [email protected].
The Healthy Skeptic is a website about the health care system, and is written by Kevin Roche, who has many years of experience working in the health industry. Mr. Roche is available to assist health care companies through consulting arrangements through Roche Consulting, LLC and may be reached at [email protected].
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