Finance

Executives at a lecture
By  Anthony Vecchione 10:25 am December 19, 2024
Scripta Insights announced it raised $17 million in Series B funding led by Aquiline, bringing its total raise to $42 million. Contour Venture Partners, Eastside Partners and ReMY Investors participated in the round. Avery Klinger from Aquiline will be joining Scripta's board of directors as part of the deal.    WHAT IT DOES Scripta Insights develops pharmacy navigation solutions for self-insured...
Business people in a meeting
By  Anthony Vecchione 10:17 am December 19, 2024
Precision medicine startup Promise Bio announced that it has emerged from stealth with an $8.3 million seed investment. Awz Ventures led the round with funding from AION Lab's venture seeding track from AstraZeneca and Pfizer, which provided Promise Bio with financial backing to accelerate the development of its platform.  In addition to the funding, the company received a grant from the Israel...
Business officials shake hands to close a deal
By  Adam Ang 07:36 pm December 17, 2024
Toronto-listed HEALWELL AI is making a multi-million-dollar purchase of New Zealand-based Orion Health to combine their capabilities in data infrastructure and AI.  The Canadian healthcare AI company signed a deal to acquire Orion Health, which offers health data management solutions, for CA$165 million or NZ$200 million ($115 million).  The transaction, advised by JP Morgan, is expected to close...
Clinicians in discussion with administrator
By  Anthony Vecchione 12:13 pm December 12, 2024
Healthcare technology company athenahealth, introduced new automation and AI-based software innovations that streamlines and lowers the burden of revenue cycle management (RCM) for thousands of physician practices.  The company aims to eliminate at least half of the work currently handled by athenahealth practices over the next three years, while increasing the speed, accuracy and quality of RCM...
Five people sitting in a circle talking
By  Jessica Hagen 08:30 am December 12, 2024
Redesign Health, a company that builds, launches and finds funding for other healthcare startups, has closed a $175 million investment for a new fund focused on igniting the creation of healthcare companies. Declaration Partners, Euclidean Capital and True North Advisors participated in the round.  WHAT IT DOES Redesign has launched more than 60 health tech companies since its founding in 2018,...
Employees meeting in a conference room
By  Anthony Vecchione 12:32 pm December 10, 2024
Qi Biodesign, a company involved in genome-editing technologies, announced that it has completed a $75 million funding round, which includes seed funding and Series Pre-A and Series A stages. Beijing Medical and Health Care Industry Investment Fund led the round, with additional participation from Beijing Changping Technology Innodevelop Group, Mingzhe Capital and returning investor CD Capital. ...
Telehealth provider on a computer with two people sitting on a couch looking at the computer
By  Jessica Hagen 01:25 pm December 9, 2024
Former employees of California-based virtual healthcare provider HealthTap have filed a complaint in the State of Delaware against the company, venture firm Mohr Davidow Ventures (MDV), board members and executives, alleging that MDV orchestrated a process to dilute the company's valuation to become a majority controlling shareholder. The lawsuit also names HealthTap board members and executives...
Healthcare providers sitting in a circle
By  Jessica Hagen 03:20 pm December 4, 2024
Aya Healthcare, a talent software and staffing company, has signed a definitive agreement to acquire tech-enabled healthcare staffing company Cross Country Healthcare for $18.61 per share in an all-cash transaction valued at around $615 million. Calif.-based Aya Healthcare offers a healthcare-focused digital staffing platform that includes travel nursing and allied health, per diem staff,...
Employees reviewing data on a tablet
By  Anthony Vecchione 12:16 pm November 27, 2024
Cofactor AI, a company that helps hospitals appeal claims denials, announced it raised $4 million in a seed funding round led by Drive Capital.  WHAT IT DOES Cofactor AI’s platform, Cofactor Denial Suite, combines with EHR systems and clearinghouses and immediately locates the exact contextual information required to generate successful appeals. Employing its proprietary medical-native foundation...
Professionals in a conference room
By  Anthony Vecchione 12:06 pm November 27, 2024
Practice Better, a practice management platform for health and wellness practitioners, announced it raised $13 million in growth capital funded by CIBC Innovation Banking. The funding comes one year after Practice Better scored a $27 million growth investment led by Five Elms Capital.  WHAT IT DOES Practice Better provides a suite of tools that integrate scheduling, telehealth, client engagement...