Insight Telepsychiatry, which does what its name suggests, has been recapitalized, i.e., bought with management is keeping a small piece, by a PE firm.
https://www.harbourpointcapital.com/node/38
Jan092019
Medici, which offers an app for communication between providers and patients, is over the moon about its acquisition of Chiron Health (okay you get the joke, right, I mean you do know that Chiron is the moon of Pluto, oh never mind, that is Charon, but Chiron is a minor planet in the outer solar system) Chiron Health is in the telemedicine business and Chiron was the wisest and noblest of the Centaurs according to the Greeks, but what did they know, I mean look at their country today.
Okay, here is another "strategic" investment announcement, which just made me wonder, are there non-strategic investments? I mean does someone just say, oh I put that money in just for the heck of it, or I just threw a dart at a list of companies, which actually for some institutional investors might provide a better return. In any event "virtual" (another important word to get in your investor presentations and press releases) behavioral health provider AbleTo was, getting a new round of financing from Optum Ventures.
Change Healthcare, which has an awfully full-of-itself name, and which offers a variety of administrative services to health plans and providers, is making a strategic investment in MdSave, which helps patients develop payment plans for cost-sharing amounts owed providers.
HealthGrades, which rates and provides other information on providers, fails to make the grade, acquiring Influence Health, which does something about web experiences for consumers.
Babyscripts gets past the infantile stage, writing in a new $6 million dollar investment for its virtual obstetrics care platform. With some babying, everything might go according to script.
WithMe Health gets some investors with it, adding $20 million in capital for its "medication guidance" company designed to replace PBMs. Good luck with that.
K Health is okay, lettering in fundraising with a fresh $25 million for its AI driven symptom checker and triage tool. See there is that AI word again, working like magic.
Care to predict how much wearable health monitor vendor CarePredict raised in new capital? $9.5 million because they mentioned AI in their fund-raising materials.
Braincheck garners a mindless $1.5 in new capital for its artificial intelligence platform for dementia care. (throw in the obvious comment about demented investors)
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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