Must be a fruity day, as Limelight Health garners $7 million in new funding for its employee health benefits enrollment, etc. software. What's next--a company named Apple?
In a nutty idea, chronic disease prevention firm Fruit Street has raised $8 million, mostly from physicians, which should be a tipoff to other investors (physicians are legendary for the investing acumen (not)).
A PE firm has made a substantial investment in home health care franchisor ComforCare. (Is that supposed to be Comfort Care? Come for Care? Come for Comfort Care? We care if you're comfortable? We make a comfortable profit on your Care?)
Send out the alarm and don't worship this company, but Revere, which is "demystifying the connection between fitness and nutrition" has gotten $2 million in seed financing. No day would be complete without at least one item of investment lunacy.
Solar Health shines, attracting $18 million from investors' rainy day funds for its platform of services for diabetes prevention and non-clinical care resources.
In my ongoing effort to prove that there is too much capital chasing deals in health care, I offer people's exhibit 37, in which headcases invest $37 million in Headspace, which offers a meditation app.
http://fortune.com/2017/06/30/headspace-funding/
About this Blog
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.