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.
Magellan Health, a diversified health managment and services firm, is acquiring Senior Whole Health, which offers Medicare/Medicaid dual eligible plans, for $400 million.
Payment accuracy services vendor Cotiviti is acquiring RowdMap, a provider of health care analytics to help health systems and plans reduce unnecessary services, for $70 million.
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/
Jul062017
Long-term care EHR vendor MatrixCare is acquiring competitor SigmaCare.
We think generic drugs always contribute to lower spending, but research in the Annals of Internal Medicine finds that generic drugs with a monopoly or in a duopoly have very large price increases, while those in more competitive markets see price declines.
emocha Mobile Health caffeinates up with a $1 million seed round for a service that "radically improves the way patients take medications", maybe like with a cup of coffee or something. At least we know why they could only raise $1 million.
Large drug company Roche (no relation, unfortunately) is playing the sugar daddy and sweetly acquiring diabetes logging app mySugr, giving its shareholders a rich payday. mySugr said its goal was to make diabetes suck less; I doubt the company did anything meaningful in that regard, but did get its shareholders a less sucky day.
Another company which basically pimps health care products and services, PatientPoint, has raised $140 million in new funding. It appears to be a profitable type of business.
Patientory has used crowdfunding to raise $7.2 million in some kind of weird electronic currency. The company helps chronically ill patients track their medical condition.
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.