Castlight's IPO filing shows a company with huge losses, low revenue, massive debt and a nice client base, but a high dependence on revenue from one client. Clearly a bailout attempt for the current vc owners.
Noom has now raised a total of about $7 million for development of its wellness apps that aim to be "fun", and because people apparently just like its name.
Radisphere, a national radiology company, has announced plans to create a software company to sell its technology to other radiology and provider groups.
Castlight, one of the early price transparency firms, is apparently planning an IPO which may value the company at as much as $2 billion, which seems simply absurd considering that these services which eventually be commoditized, if they aren't already, and offered free by insurers and the exchanges.
Catalent, which provides clinical trial supply and related services, has filed for an initial public offering. Catalent was a subsidiary of Cardinal Health and had been sold to a private equity group.
ZappRx, which aims to speed up the prescribing and ordering of specialty drugs, has received one million in financing from investors that include GlaxoSmithKline's venture fund.
Health Catalyst, which sells data warehousing and analytics services to providers and payers, raised another $41 million in financing to assist in the growth of the company.
Quantum Health, which offers care coordination and patient navigation services, has received an undisclosed amount of financing from GE and other investors.
MediSwipe, which provides software and equipment to the medical and recreational marijuana markets, has received a $1.1 million investment from a private equity fund. To be blunt, not a high amount, but enough to keep them from going to pot.
7wireventures has invested in Wiser Together, crowd-sourcing platform to help people with medical decisions. Yes, lets all let strangers help us with our health issues.
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 khroche@healthy-skeptic.com.
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 khroche@healthy-skeptic.com.
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