Digital health news, funding roundup in the prior week; December 06, 2021

Mitos Suson · December 6, 2021 · Short URL: https://vator.tv/n/5390

Harrison.ai raised $92.3 million USD, Droplette secured $15.4M,



Mergers & Acquisition

Bain Capital and Hellman & Friedman will purchase cloud-based electronic medical record provider Athenahealth for $17 billion in a deal expected to close during the first quarter of 202. Athenahealth partners with more than 140,000 ambulatory care providers, throughout all 50 states and across more than 120 specialties. The private equity firms’ purchase will mark the second time in three years Athenahealth has changed ownership.

Best Buy announced this month, it spent nearly $400 million to acquire remote patient monitoring technology vendor Current Health. The deal, announced in October and closed earlier this month, is expected to have a slightly negative impact on the company's fourth-quarter non-GAAP operating income.

Nanox wrapped up its previously announced purchase of Zebra Medical Vision in an all-stock deal valued at roughly $110 million, with an extra $84 million of stock slated upon completion of performance milestones. The medical imaging company would be rebranding Zebra as Nanox.AI going forward. Additionally, Nanox announced it purchased MDWeb, a decentralized marketplace for connecting imaging facilities with radiologists, and USARAD Holdings, a teleradiology services provider, for roughly $20 million in stock plus $10 million in stock and cash for the completion of performance milestones.

Invent health roundtable: Learn about these emerging companies reinventing primary care. They included Bone Health Technologies, CrowdHealth, HealthNxt, HeyRenee, and Insiteflow
  

Funding Roundups

Harrison.ai raised $129 million AUD ($92.3 million USD) in Series B funding. The startup is a Sydney, Australia-based company that creates tech in partnership with healthcare companies (among these is software used to establish the likelihood of an embryo leading to a viable pregnancy). Earlier backer Horizons Ventures led the round, joined by Sonic Healthcare, I-MED Radiology Network and two other earlier backers: Blackbird Ventures and Skip Capital. The company raised $158 million AUD altogether. TechCrunch has more here.

Acepodia raised $109 million in Series C funding led by Digital Mobile Venture. Acepodia is a five-year-old, Alameda, Ca.-based developer of cell therapies for cancer. The proceeds will bankroll Acepodia's development of a cell therapy that combines a natural killer cell with a monoclonal antibody targeting HER2-positive tumors, which are found in breast, gastric, endometrial and ovarian cancers. More here.

Droplette, a 4.5-year-old raised $15.4 million in Series B funding. Dropette is Boston-based consumer skincare tech startup that sells a $300 "misting" tool and additional capsules for the device. Victress Capital and Spark Capital co-led the round, joined by Bolt and Amplifyher Ventures. More here.

CODA Biotherapeutics, a 7.5-year-old, South San Francisco-based gene therapy startup focused on neurological disorders, raised $28 million in funding led by Pacira BioSciences (a non-opioid pain management company),MPM Capital and Versant Ventures. It also secured new venture debt from SVB. More here. 

Vinehealth raised $5.5 million in seed funding. The startup is a 3.5-year-old, London-based digital health startup that’s built an app that offers personalized support for cancer patients while also making it easier to gather patient-reported outcome data. Talis Capital led the financing, while previous investors Playfair Capital and Ascension joined. TechCrunch has more here.

From Nov. 17 Invent Health virtual event

Primary care roundtable featuring UCSF, Health Wildcatters, Providence Ventures
Startups disrupting primary care @ Primary Care and the New Medical QB event 11/17/21 Watch here

Efficacy around primary care innovations from a doctor's perspective. Invent Health Virtual Event Primary Care and the New Medical QB Watch here

Disrupting the digital health establishment; What VCs and corporate strategists are financing
Invent Health Virtual Event Primary Care and the New Medical QB: Third Session Watch here

Primary care industry disruption overview by Bambi Francisco Roizen and Archana Dubey
Invent Health Virtual Event Primary Care and the New Medical QB: First Session Watch here

The business of primary care. Who’s the doc? What’s the cost and who’s paying?
Invent Health Virtual Event Primary Care and the New Medical QB: First Session Watch here

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 here

If you are interested in being included in our funding roundup, submit your press release or blog post about your financing round to mitos@vator.tv. If you want a longer write-up, please do give us a couple of days heads up. If you'd like to be included in our Today's Entrepreneur column, please send me your Vator profile.

REGISTER for our 12/15 webinar, featuring CMOs from Pepsico, Unilever and HP to discuss how to encourage employee wellness and fitness. 

https://vator.tv/news/show/21392

Image by Michal Jarmoluk from Pixabay

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Mitos Suson

I am currently affiliated with Vator. I co-produce the Vator Events and enjoy the challenge. I am learning and growing a lot, being involved with Vator and I love it!

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