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.
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.
We will see how devoted to investors Medicare Advantage plan company Devoted Health will be. The valuation insanity continues as this company going into an incredibly competitive market, against people like UnitedHealth and Humana, raises $1.2 billion in new capital at an $11 billion valuation. Literally crazy.
I simply couldn't be more astounded at some financing round valuations. Here is another one, in which behavioral health firm Spring Health raised $190 million, supposedly at a $2 billion valuation.
More insanity on health care valuations. City Block builds primary care clinics in urban areas. It just raised $400 million in new capital, with a valuation of almost $6 billion, in what is now a very competitive market among well-financed companies.
The insanity continues in venture funding. Maven raised another $110 million, and has a billion dollar valuation, for its telehealth business for maternity health. It is crazy to imagine you will get a return on what is essentially a commodity offering.
A few years ago several very large employers, including Amazon, Bershire and JP Morgan were going to revolutionize employee health benefits with a company called Haven. Went nowhere and disappeared. JP Morgan picked up the remnants and has started a division called Morgan Health. That firm just made a $50 million investment in Vera Health, yet another company that intends to build a series of primary care focused clinics.
Cricket Health offers a kidney disease management service. It just raised an additional $83 million in capital. I am telling y0u the capital markets are off the rails in valuations and throwing money around. All prompted by the government.
Olive (is it a vegetable or isn't it?), which offers data analytic services for hospitals and health systems, with a focus on AI, raises another $400 million. The company has raised over $900 million in capital in total and is valued at close to $2 billion. Froth, froth, froth.
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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