Canadian digital pharmacy Mednow has entered into agreements to purchase Liver Care Canada and London Pharmacare. The news comes about a week after it completed its acquisition of Infusicare Canada, another specialty pharmacy.
Under the terms of the non-arm’s length party transactions, Mednow will acquire Liver Care Canada for initial cash payment of C$65,000 and two subsequent earn-out payments...
Canadian digital pharmacy Mednow has wrapped up its acquisition of Infusicare Canada Inc., a specialty pharmacy focused on biologic drugs, for C$1.85 million in cash.
The news comes months after the company launched its own telehealth service that complements its virtual pharmacy offerings.
WHY IT MATTERS
Mednow is positioning this latest acquisition as a way to boost its presence in the...
Digital health company Truepill scored $142 million in Series D financing from existing investors Initialized Capital and TI Platform Management.
The company said the new funding brings its total raise to $256 million and its valuation to $1.6 billion. Truepill announced a $75 million Series C in September 2020, just a few months after it brought in $25 million in Series B funding.
WHAT THEY DO...
This morning digital pharmacy Medly announced the close of a $100 million Series B funding round. The new infusion of cash was led by Volition Capital and Greycroft with participation from Horsley Bridge and Lerer Hippeau.
This comes roughly a year after the New York-based company announced the close of its Series A funding round, which was also led by Greycroft, for an undisclosed amount.
WHAT...
A nation of over 200 million citizens, Pakistan is a major player in South Asia, with a large population to care for. Like many countries around the world, it is struggling to address the shortage of doctors and prevalence of chronic diseases while ensuring access to affordable medicine. But where there are challenges, there is also room for innovation. Today, we are seeing entrepreneurs and...
Amazon has continued to make a splash in the digital health world in 2019. This year it has been particularly active in the voice space. Its efforts include everything from launching a new Amazon Alexa feature that reminds patients to take their medication to a medical transcription function that runs on Amazon Web Services.
But Amazon hasn’t put all of its eggs in the voice basket. In 2018, the...
Amazon’s PillPack has struck a deal with Blue Cross Blue Shield of Massachusetts that integrates the former’s digital pharmacy platform into the payer’s MyBlue member app.
As part of the agreement Blue Cross members will have the option to switch their prescriptions over to PillPack directly from the MyBlue app without having to reenter their insurance details or medication list.
Members will...
Hand-delivering drugs in New York City: it’s actually a newer thing, and it’s what pharmacy startup Capsule is all about. With a fresh $20 million in a round led by Thrive Capital, with contribution from Sound Ventures and Virgin Group, the company is working to establish itself apart from other such virtual pharmacies like Blink Health and PillPack, as well as the behemoth pharmacy benefits...
Manchester, New Hampshire-based virtual pharmacy PillPack has raised an additional $31.1 million according to a new SEC filing. The company did not disclose any details, but according to Fortune, Astral Capital – a new Boston-based venture firm led by former Accomplice partner Jon Karle – is a new investor and Accomplice, Accel Partners, Charles River Ventures, and Sherpa Capital are returning...
