Aliso Viejo, California-based healthcare provider Crossover Health raised $15 million from Norwest Venture Partners (NVP) to enhance its patient-facing tools, which include an iPhone app, and create a population health analytics offering. Crossover focuses on providing on-site care to large employers.
The company's patient-facing app, called Crossover One, allows patients to communicate with...
West Conshohocken, Pennsylvania-based chronic care app developer CareCam Health Systems received a strategic investment from Independence Blue Cross Center for Health Care Innovation. CareCam has already raised at least $12.4 million to date.
CareCam raised $2.4 million late last year, according to a filing with the SEC in November. Given the timing, it is likely the Independence Blue Cross...
Sharecare, the health and wellness engagement platform founded by WebMD founder Jeff Arnold and television personality Dr. Mehmet Oz, is working with the Hospital Corporation of America (HCA), a company that manages 164 hospitals and 114 freestanding surgery centers in 20 states and England. The two companies will work together to create new patient engagement offerings.
HCA also made an...
Qualcomm is already one of the biggest investors in digital health, according to Rock Health.
Qualcomm and Novartis, which announced a partnership just last week for mobile-enabled clinical trials, will also be banding together to start an investment firm, the companies announced ahead of the JP Morgan Healthcare event this week. Qualcomm Ventures and Novartis will leverage up to $100 million...
Michigan's integrated health system Spectrum Health announced at the end of the year that it would shut down Ideomed, a mobile health app developer that spun out of the provider in 2010. According to a report in local business journal MiBiz, Spectrum pulled the plug after "tepid sales" and a lack of interest from outside investors.
Ideomed will fully wind up by the end of the month and its 26...
Boston, Massachusetts-based employee benefits platform company Maxwell Health raised $26.4 million in a round led by Adams Street Partners with participation from Cambia Health Solutions, Schooner Capital, Brothers Brook, and Annox Capital. Existing investors Vaizra Investments, Tribeca Venture Partners, Catalyst Health Ventures, Serious Change, and Lerer Hippeau Ventures also contributed. This...
Plano, Texas-based remote patient monitoring company Vivify Health has raised the first tranche of funding in what the company expects to be a $15 million round. Strategic investors Laboratory Corporation of America Holdings (LabCorp) and Envision Healthcare Holdings were the primary investors in the round, which follows on the company's $7 million round of funding led by two other strategic...
Despite the third quarter including two usually sleepy summer months, plenty of digital health news broke between July and the start of October. (Download a PDF version of this report right here.)
1. Mergers and acquisitions
M&A activity stayed strong with eight such deals -- only one less than Q2's nine M&A deals.
HCA buys PatientKeeper: The most recent acquisition deal -- just last week...
Stockholm, Sweden-based calorie counting app company Lifesum (formerly known as ShapeUp Club) has raised $6.7 million in its first round of funding led by Germany's Bauer Media Group and SparkLabs Global Ventures, according to a report in TechCrunch. The company has 4.5 million members and 6.5 million downloads in Europe for its Android and iOS apps. At the end of last year it reported having...
Dr. Jordan Shlain on-stage at the mHealth Summit (source: mHealth Summit team)
Mountain View, California-based startup HealthLoop raised $10 million in its first round of funding. The investment round was led by Canvas Venture Fund, an early-stage venture fund managed by Morgenthaler. Subtraction Capital also participated.
"In healthcare today, broadly defined, medicine is a doctor and a...
