Ohio-based Summa Health and General Catalyst's Health Assurance Transformation HATCo, has signed a definitive agreement to purchase Summa for $485 million.
Summa Health is a nonprofit healthcare system with over 30 locations throughout the Akron and Canton areas.
The purchase price, when added to Summa Health’s current cash, will allow the health system to dispose of $850 million in existing...
AI startup Research Grid, which helps medical research institutions automate administrative tasks for clinical trials, announced it raised $6.5 million in seed funding.
Fuel Ventures led the round with participation from Ada Ventures, Arve Capital, Arāya Ventures, Morgan Stanley Inclusive Ventures Lab, Plug and Play Ventures, Atomico Angels and Ascension Ventures.
WHAT IT DOES
Research Grid is...
Direct-to-consumer virtual care company Hims & Hers Health reported a 77% year-over-year increase in revenue from $226.7 million in the third quarter of 2023 to $401.6 million in Q3 2024.
The San Francisco-based company reported a net income for the third quarter of $75.6 million compared to a net loss of $7.6 million in the same period last year. It attributes the net income in Q3 to a $60....
Recovery.com, a marketplace-style platform for patients and mental health professionals, has garnered $5 million in funding from Jason Krantz, the founder and executive chairman of data analytics company Definitive Healthcare.
The recent funding brings Krantz's total investment in the company to $15 million. He will join Recovery.com's board of directors.
"Recovery.com is a company I cofounded...
Andreessen Horowitz-backed knownwell, a hybrid weight-inclusive primary and metabolic-care provider, announced it is opening a new brick-and-mortar clinic in Plano, Texas, and will treat patients virtually throughout Texas.
Vineeta Agarwala, general partner at Andreessen Horowitz (a16z) Bio + Health, which led the company's latest $20 million Series A funding round, sat down with MobiHealthNews...
PeopleOne Health, a hybrid care provider focused on preventative care, announced the closing of up to $32.3 million in Series B funding led by GV (Google Ventures) with participation from Transcarent CEO Glen Tullman and other investors.
WHAT IT DOES
The Pennsylvania-based company is an employer-focused, value-based primary care provider, offering patients hybrid access to primary care...
OneStep, which offers a smartphone-enabled motion analysis tool, announced it has secured $36 million in funding.
Team8 and Vintage Investment Partners coled the funding round, with participation from existing investors Aleph, 10D and LionBird.
WHAT IT DOES
The New York-based company offers AI-enabled motion-analysis technology that utilizes smartphone sensors to analyze one's gait. The offering...
Dyania Health, an AI-enabled healthcare data company, announced the close of a $10 million Series A funding round led by HealthX, TechSquare and Cleveland Clinic Ventures with participation from existing investors.
WHAT IT DOES
The company's Synapsis AI platform automates the reading and analysis of medical data, intending to allow more streamlined and ideal clinical research, report and quality...
Venture capital firm General Catalyst announced it closed $8 billion in new capital, including $6 billion for its latest fund, Fund XII, and $2 billion in separately managed accounts.
The $8 billion will be used to boost the firm's investments across various sectors, including defense and intelligence, climate and energy, AI, industrials, and healthcare and fintech.
The company will distribute...
Infinitus Systems, which utilizes AI to automate manual healthcare-related phone calls, announced it scored $51.5 million in Series C funding led by Andreessen Horowitz, bringing its total raise to $102.9 million.
Andreessen and Memorial Hermann Health System joined existing investors GV (Google Ventures), Coatue and Kleiner Perkins.
Scott Kupor, managing partner at Andreessen Horowitz, joined...
