...shareholders, and capitalize the SOC Telemed balance sheet. Assuming no redemptions of HCMC public shares, current SOC equity holders will own 40%, HCMC shareholders will own 32%, PIPE investors will own 21%, and HCMC’s sponsor will own 7% of the issued and outstanding shares of common stock of SOC immediately following the closing, respectively. SOC’s management team, based in Virginia, will also shuffle a bit. Paul Ricci, Interim Chief Executive Officer, will be stepping down (presumably back to Warburg Pincus where he is an advisor). John Kalix, currently President, will become CEO. Hai Tran, presently COO and CFO, will continue... Continue Reading
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Withings closes $60 million Series B round to fund expansion, B2B development
...former chairman Éric Carreel, having not experienced much success in the consumer sector. Shortly thereafter, they premiered a revived Go (with an e-ink face) and the Steel HR Sport smartwatch, then progressed into heart and sleep monitoring. MED PRO is a relatively new division that concentrates on professional uses of their devices and data analytics within health systems, health plans, disease management programs, and academic and pharma research. Withings also appointed a new global Medical Advisory Board which includes Dr. John Halamka, President of the Mayo Clinic Platform, Dr. Stéphane Laurent, former Head of Clinical Pharmacology in Hôpital Européen Georges... Continue Reading
Another COVID casualty: a final decision on the Cigna-Anthem damages settlement
Remember Cigna and Anthem, a Merger Made In Hell? This Editor loves to follow up a good public slugfest which has been going on in Delaware Chancery Court since May of 2017. As our Readers may recall, the Doomed To Fail merger, finally pounded into the ground by the Federal courts, soon degenerated into what a former VP of your Editor’s would call a ‘Who Shot John’ scenario. Anthem would not pay Cigna the breakup fee of $1.85 bn. Cigna then demanded an additional $13 bn in a ‘Funny Valentine’ of damages, accusing Anthem of harming Cigna’s business. Anthem then... Continue Reading
Has the ‘river of knowledge’ reversed its natural course? A lighter look at technology’s other effects.
A long-time TTA Reader, John Boden, takes a rueful glance at how ‘smart’ technology has not just disrupted the phone and computing markets, but has disrupted the ‘natural order’ between generations today. A virus-free look at a phenomenon that’s changed a natural dynamic. As I am writing my experiences, and thinking about my grandparents and parents, I remember how many of the little things they taught me. It is not the big lessons I am talking about, but the details. A few examples: how to sharpen a knife; how to ground a sparkplug without getting shocked; how to tie a... Continue Reading
RIP Doug Miles, founder of UKTelehealthcare
We are sad to let our readers know that Doug Miles, the founder and former Chairman of UKTelehealthcare, passed away on the 28 March 2020 a year after being diagnosed with pancreatic cancer. Doug had worked in the TECS sector for over twenty-five years, initially as the manager of MASCOT Telecare in Merton, South London, before founding London Telecare in 2005. Doug and co-founder John Chambers relaunched the company as UKTelehealthcare in 2013 and he continued to chair the organisation until retiring in December 2017. Gerry Allmark (UKTHC MD) said “Doug was a true gentleman of the TECS industry and... Continue Reading
The CES circus opens its largest tent yet in health tech, AI, 5G, and more
...breathing, Reliefband’s low current anti-nausea band, Samsung’s Ballie rolling robot plus collaborations with Kaiser Permanente (cardiac rehab) and IrisVision (low vision/macular degeneration assistance), and more. John Lynn, another Grizzled Pioneer, in Healthcare IT Today typically diverts from the mainstream coverage in spotlighting smaller companies in atypical areas. Examples are France’s Adok smart projector with the potential to be used collaboratively in practice offices, new connected apps for Neofect’s smart gloves for arm/hand rehab, two air filters to monitor both inside and outside air quality (as a social determinant of health!), Xenoma’s wired pajamas for fall detection, the Mateo bath mat... Continue Reading
The last news roundup for 2019: ACA mandate unconstitutional, more $ for health research, PartnersHealthcare rebrands, Hackensack Meridian pays ransom, breaches>heart attack deaths, telepsychiatry merger, more
Well, it’s happy trails for 2019, until we meet again in 2020, paraphrasing a well-known Roy Rogers tune (Roy was a movie and TV cowboy singer in the US; his eponymous roast beef sandwich chain was an advertising client for one of this Editor’s first jobs). So we’ll round up the news as we and I trust most of our Readers will be off for most of the next two weeks to be observing the holidays with family, friends, de-stressing, defrosting, or attempting to catch up on work while it’s quiet before January Madness hits. It’s hard to believe that... Continue Reading
Outcome Health founders Shah, Agarwal plead not guilty in Federal court
...model, according to report John Pletz. The company continues in business, albeit scaled down. Mr. Pletz believes that the outcome of Outcome Health will be far more due diligence on investors’ part (accentuated by the WeWork/Softbank crash in the same car) on startups. “Failure is expected–fraud is not.” The resolution of the charges will also be far in the future, perhaps years, due to this being an extraordinarily complicated case. There will be further hearings in January, but do expect it to drag on. A mini-surprise in his commentary was stating that the analysts may turn their plea to guilty.... Continue Reading
News roundup: Proteus may be no-teous, DOJ leads on Google-Fitbit, HHS’ mud fight, Leeds leading in health tech, malware miseries, comings and goings
...home to over 250 health tech companies and holds an annual Leeds Digital Festival in the spring [TTA 11 April]. Ransomware attack hits Hackensack Meridian. Systems were down for about a week. While this large New Jersey health system hasn’t admitted it, sources told the Asbury Park Press that it was ransomware. And if it’s not ransomware, its Emotet and Trickbot. Read ZDNet and be very apprehensive for 2020, indeed, as apparently healthcare is just one big target. Comings and Goings: There may be some end of year bombshells, but after last week’s big news about John Halamka, it’s been... Continue Reading
News roundup: Philips allies with Humana for pop health, Dexcom’s outage outrage, Halamka ankles Lahey for Mayo, Google and NHS Wales changes, Agfa’s health sale, Victrix/WhatsApp, more
...Dexcom was not only blasted by users on the server outage, which they attributed to ‘overload’, but also on its communications of the problem to users which depended on Facebook postings and not on real-time direct contacts or messaging. It was a ‘big surprise’ to their CEO, who also dismissed the possibility of a data breach, which seems a bit premature. Both Google and Microsoft provide cloud and tech services to Dexcom. CNBC 12/2, 12/3 Comings and goings: HIT pioneer, strategist, and general guru John Halamka is following the AI Star, leaving Boston’s Beth Israel Lahey Health to head up... Continue Reading
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