Digital health news, funding roundup in the prior week; November 29, 2021

Kristin Karaoglu · December 1, 2021 · Short URL:

Amazon Health sells healthcare services to Hilton; Athenahealth acquired for $17 Billion

Where tech meets weight and mental health. Mental health struggles and unintentional weight fluctuations are strongly linked. Experts state that stress is a major contributing factor in weight gain and sudden, unexpected weight loss. If the last year and a half has been anything, it has been stressful. In the U.S., 61% of adults reported unintentional weight change, with an average gain of 29 pounds. In the UK, nearly 40% of adults reported unwanted weight gain, with an average gain of 7 pounds. Read more 

Amazon Care lands its biggest public customer yet in hotel chain Hilton. Amazon will sell its digital healthcare services to Hilton, the company's largest public customer yet for its Amazon Care business. Read more 

Athenahealth, a leading provider of cloud-based enterprise software solutions for medical groups and health systems nationwide, today announced it has entered into a definitive agreement to be jointly acquired by affiliates of Bain Capital and Hellman & Friedman for $17 billion. Read more

Funding Roundups

Generate Biomedicines: Generate Biomedicines applies artificial intelligence and machine learning to protein analysis, which it uses to program its protein therapies for particular applications. The startup now has $370 million in financing to rapidly scale up operations, with a goal of reaching the clinic within two years. Besides Flagship, disclosed investors include a subsidiary of the Abu Dhabi Investment Authority, the Alaska Permanent Fund, Altitude Life Science Ventures, ARCH Venture Partners, Fidelity Management & Research Company, Morningside Ventures, and funds and accounts advised by T. Rowe Price Associates. Read more 

Sword Health: Sword Health is a New York-based musculoskeletal virtual therapy platform that pairs expert physical therapists with FDA-listed wearable technology to deliver personalized treatments. Sword Health has raised $163 million in Series D funding. Sapphire Ventures led the round, joined by earlier investors General Catalyst, Khosla Ventures, Founders Fund, Bond, Transformation Capital and Green Innovations. Read more

Luma Health: Luma Health is built to make the healthcare experience easier for the patient, so they won't have to wait weeks for an appointment, play phone tag with the office to make an appointment or go home after an appointment and not know what to do. Luma Health raised $130 million Series C funding round led by FTV Capital, with participation from existing investors. Read more 

Trusted Health: Trusted Health is a San Francisco based labor marketplace for healthcare professionals. Trusted Health has raised $94 million series C round led by GreenSpring Associates as well as a previously undisclosed $55 million series B round led by Craft Ventures and Felicis Ventures. Read more 

Ieso: Ieso is a U.K.-based digital therapy company that is increasingly focused on so-called intuitive autonomous text therapy. Ieso has raised $53 million in Series B funding. Morningside led the round, joined by Sony Innovation Fund. It also included earlier investors IP Group, Molten Ventures and Ananda Impact Ventures. Read more

Fuzzy: Fuzzy is a San Francisco-based telemedicine company centered around pet care. Fuzzy has raised $44 million, the funding was led by Icon Ventures. Other participants in the round include Greycroft, Matrix, and Crosscut. Read more

From Nov. 17 Invent Health virtual event

Tobacco use is making a comeback; primary care can save the day. Pivot CEO David Utley presents at Invent Health Virtual Event 'Primary Care and the New Medical QB' Watch

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Kristin Karaoglu

Woman of many skills: Database System Engineer; SplashX event producer; Author of Startup Teams

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