July 25, 2023
Hippocratic AI, a generative AI company developing safety-focused large language models for healthcare, added $15 million in funding to its seed round, bringing its total raise to $65 million since its launch in May.
The California-based company also announced its Founding Partner Program. It is partnering with healthcare systems and digital health companies to guide the development of its...
July 25, 2023
GE HealthCare, which officially spun off early this year, announced it is raising its full-year guidance range amid increased demand and ease of supply chain woes.
The company reported $418 million in net income in the second quarter compared with $485 million in the prior-year period and revenue of $4.8 billion, a growth of 7% year-over-year and a 9% organic revenue growth.
The health tech...
July 24, 2023
AI-backed remote monitoring and digital therapeutics company Biofourmis confirmed it laid off 120 employees worldwide, including 48 workers in the U.S.
The Boston-based company offers home care tools to help remotely monitor acute and post-acute patients, alerting a care team when a patient's condition changes from their personal baseline.
It also offers digital therapies, including a heart...
July 19, 2023
Healthcare-navigation platform Amino Health has received $42 million in credit financing from Oxford Finance as part of its $80 million raise in May.
WHAT IT DOES
The California-based company connects its members with physical and mental healthcare providers and benefits programs, and allows its members to book appointments and keep track of their favorite providers. It also distributes cost and...
July 14, 2023
Digital therapeutics company Big Health announced it acquired Limbix, a maker of prescription digital therapeutics aimed at treating depression in teens and young adults.
Limbix is the creator of SparkRx, a PDTx that uses the principles of cognitive behavioral therapy to address depression in teens and young adults ages 13 to 22.
The self-guided CBT-based treatment was released in October 2021...
July 13, 2023
Causaly, a tech company using AI to interpret large datasets and literature, announced it closed a $60 million Series B round led by ICONIQ Growth.
Marathon Venture Capital, Index Ventures, Pentech Ventures, EBRD and Visionaries Club also participated in the round, as did former chairman and CEO of Johnson & Johnson Alex Gorsky and CEO and cofounder of Datadog Olivier Pomel.
WHAT IT DOES...
July 10, 2023
A federal judge dismissed a securities class-action lawsuit filed against virtual care company Teladoc Health pertaining to its $18.5 billion merger with chronic care company Livongo.
The complaint, originally filed by shareholder Jeremy Schneider in 2022 on behalf of parties that purchased Teladoc shares between Feb. 2021 and July 2022, alleged the virtual care company's representatives misled...
July 7, 2023
Pathways to reimbursement for digital health companies can be elusive. A new report by Research2Guidance reveals the outcome of a survey in which 638 digital healthcare stakeholders provided insight into how digital health solutions can monetize their offerings and which countries are more welcoming to the technology.
Ralf-Gordon Jahns, managing director of Research2Guidance, sat down with...
July 6, 2023
Indonesian digital health company Alodokter has acquired the pregnancy app Diary Bunda from Japanese conglomerate Marubeni Corp. for an undisclosed sum.
Meanwhile, Marubeni also pledged an investment to Alodokter's parent company, Singapore-based Ranelagh, which also operates the doctor platform Alomedika.
WHY IT MATTERS
Launched in 2020, Diary Bunda provides personalised medical information and...
July 5, 2023
Meditation and mental health company Headspace Health has confirmed it laid off 181 workers or about 15% of its workforce.
The cuts are the second round of layoffs for the company in the past year. In December, it laid off about 4% of its workforce, or approximately 50 workers.
The company's CEO, Russell Glass, announced the recent layoffs in an internal memo to employees, stating that the...