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.
Parachute Health is developing software and processes to facilitate the ordering of durable medical equipment for patients and has raised $5.5 million in new capital to support that business.
Continuing a whirlwind of recent deals, probably meant to mask serious issues, Centene has made a significant investment in RxAdvance, a supposedly futuristic PBM, with the right to increase its stake in the future.
Large health care IT vendor Cognizant is buying Bolder Healthcare Solutions, which offers revenue cycle management software and services for about $108 million.
CentralReach, which provides EHR and practice management software for behavioral and speech therapy providers has received a new investment from a venture capital fund.
In yet another massive attempt to remake the health system, or at least change your declining fortunes, Cigna is buying PBM Express Scripts for $67 billion. This makes Cigna more like UnitedHealth and Aetna, if the CVS merger goes thru, in having a substantial stake in the pharmaceutical game, and it will whack UnitedHealth's OptumRx unit, as it currently works for Cigna.
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.