In a case that just proves that investors will throw good money after bad, Oscar Health has raised an additional $165 million in financing to fund its ongoing losses in the health plan market.
A PE firm has made an undisclosed, but likely very large, investment in Landmark Health, which cares for chronically ill patients in a risk-based model that focuses on at-home care.
Workpath, which helps connect health staffing resources with providers who need help, raises an additional $1.5 million to help recover from its previous name, which for some bizarre reason was Iggbo.
HelloMD, which connects patients with doctors for "medical" cannabis consultations, has raised a stoned-cold $8.5 million to jointly throw in its pot of funding from dopey investors. Lets be blunt, the grass isn't always greener on the other side of the street, it might be weed, and I hope this isn't a chronic problem for shareholders.
https://www.crunchbase.com/organization/hellomd
Mar202018
Sleep tracking software firm Eight (don't ask me, but the name was Luna, apparently for mooning shareholders) lulls investors into giving it $14 million more in capital, which it will promptly digest and be back for more.
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.