RDMD, which has a data platform to help with research on rare diseases and to manage patients with those diseases, gets some initial financing of $3 million.
WellBrain is acquiring Mevoked, and investors will hopefully combine the names and get "Woked". WellBrain has apps to help with chronic pain management and Mevoked has apps to help women with pregnancy, a natural fit since the product of pregnancy often creates pain for the parents. Well, Brainy investors, Me has joked enough.
Olive (formerly known as CrossChx) gets out of the pits, oiling its way to $32.8 million in fresh funding for its artificial intelligence solution to automate certain health care provider tasks.
Medisys, a Canadian provider of health and wellness services through employers, has been sold to the Telus Corporation, a large Canadian telecommunications company.
Apparently Alphabet, also known as Google, is putting $375 million into Oscar Health, the supposedly revolutionary health plan that is best at sucking up investors money. Google will be searching for returns there for a long time.
Okay, this is a hilarious story about how health care needs more "disruptive" CEOs. How about just get some competent ones, especially on the provider side. I thought disruptive wasn't good, at least for kids in the class room. Just more nonsense reflecting both the "cult of the CEO" and the supposed value of disruption. Most businesses that try to do things in a radically different way disrupt things all right, just with bad results.
Carepoynt raises $2 million in initial financing for another of the most gibberish-ed press releases and business ideas I have seen, something about creating rewards for engagement. There is no "i" in Carepoynt, but there is a why.
Hinge Health, which helps patients with back and other musculoskeletal issues be treated at home using an app and coaches (Hinge, get it, cause you back and joints are like a hinge), has raised $26 million in funding. Don't let the hinge hit you on the way out.
https://medcitynews.com/2018/08/hinge-health-26m/
Aug082018
AlayaCare, a vendor of software for home health care providers, has raised $13.8 million in new capital.
AdvancedMD, a provider of EHR and practice management software for smaller provider practices, is being purchased by Global Payments for about $700 million.
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.