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News and deals roundup: CoverMyMeds ‘big bang’, Noom’s $540M Series F, insurtech Bright Health’s IPO, Grand Rounds-Included Health, GoodRx, Cedar-OODA, Huma, Bluestream Health’s outreach

McKesson shmushes four units into CoverMyMeds. McKesson’s Big Bang combines four McKesson business units–RelayHealth (pharmacy networking), McKesson Prescription Automation (software), CoverMyMeds (medication access for patients), and RxCrossroads by McKesson (therapeutic and drug commercialization). They are being reassembled into one massive unit under the CoverMyMeds name. The unit will have about 5,000 people and will be headed by Nathan Mott. More here in a blog post/announcement posting that’s short on information and long on cheerleading. And the funding rounds keep marching down the alphabet. Noom, the weight loss app, gained a generous Series F of $540 million led by Silver Lake... Continue Reading

UK news roundup: West Wales’ CONNECT project, WelcoMe app for disabled access, X-on Surgery Connect expands, Arc Health in 46 care homes, Alcove’s £75M contract with Suffolk County Council

...care surgeries, has added another 116 practices in Greater Manchester (Stockport’s 36 practices) and London (80 practices within North Central London Clinical Commissioning Group). The Surgery Connect system provides telephone triaging, call center support, remote working support, telehealth remote consultation and video support. The deployment covers approximately one million patients, out of a total of 8.5 million patients in 835 practices in England and Wales. Unfortunately the release was supplied only via email and not online/PDF. Arc Health remote diagnostic platform has been installed in 46 care homes in South East London. Arc’s video clinical exam and diagnostic technology connects... Continue Reading

Walmart Health moves into the hot telehealth area with MeMD buy

...indicates a strategic wobbliness? Walmart Health’s strategy has been a roller coaster over the past few years. Aggressively starting out of the gate in 2018 with high-profile exec Sean Slovenski leading and plans to open up 1,000 clinics, they retrenched in 2020 with his departure and slowed down the opening of Walmart Health locations. Virtual visits, which are merchandisable in-store and online, signal a different direction that may be easier to scale than brick-and-mortar locations, and have proven their market. Meanwhile, back at the stores, last month Walmart announced a partnership with Ro to put its trendy Roman men’s sexual... Continue Reading

2021 UK-RAS Network Robotics Summer Showcase 5 May-30 July and UK Festival of Robotics 19-25 June

Other signs that we’re emerging from the COVID Cocoon… The UK-RAS Network (the EPSRC UK Robotics & Autonomous Systems Network) has two virtual programs/events that run from May through July. Since they are virtual, our UK and international Readers with interests in medical, care, and service robots can take advantage of these multiple sessions spread across three months. Even better, they’re free. The Robotics Summer Showcase kicks off on Wednesday 5th May with an online opening ceremony and preview of Showcase events. Event time is 3-4pm BST (10-11am EDT). Registration for the opening is via Eventbrite here. The Events Page... Continue Reading

Funding roundup: new unicorn Capsule’s $300M, $100M for Caresyntax, Sesame Care’s $24M, UCM Digital Care’s $5M; MD Ally brings telehealth to 911

...technology. Durable Capital Partners led the funding round and was joined by new investors Baillie Gifford, T Rowe Price, and Whale Rock. Capsule is in a hot niche sector of fast prescription delivery that has players large (CVS, Walgreens’ AllianceRx), Amazon (PillPack, Amazon Pharmacy), and smaller or local services like Blink Health, FetchMyRx, Medly, and your local pharmacy. Uber is also partnering with some for delivery. Earlier this year, Capsule partnered with Ginger to fill and deliver medications prescribed by their board-certified psychiatrists in metro New York City, Chicago, Minneapolis, Boston, and Austin. FierceHealthcare, Mobihealthnews, Bloomberg (may be paywalled) Mobihealthnews... Continue Reading

News roundup: Buddi’s £500M LSE float, Accolade to buy PlushCare for $450M, Teladoc adds chief innovation officer, Tyto Care’s Italy expansion

Buddi going public later this year. Something we missed and found (quite by accident) was that the Buddi personal alert wearable will be floated on the London Stock Exchange later this year. According to the report in SkyNews, CEO and founder Sara Murray has appointed Zeus Capital to manage it. The value is rumored to be up to £500 million and will be a great reward for Ms. Murray and her other early investors. The bands, which connect to smartphones or a wireless-connected clip, then to pre-set connections or their 24/7 support, retail for up to £248. Buddi is reported... Continue Reading

News roundup: dogs sniffing out COVID, CVS rolling out OTC COVID tests, Hydrogen Health launches, Alcidion UK acquires ExtraMed

...prescription and can be used by those with or without symptoms. CVS is placing them in-store initially in different and limited numbers of states, with the Abbott test set to be most widely available, plus online ordering. Healthcare Finance Hydrogen Health launches a joint venture between Anthem, K Health, and Blackstone Growth. Its purpose is kind of the usual–improve care and care access at a lower cost. K Health combines a symptom checker with telemedicine–a $19 flat visit charge to see a clinician, including pediatricians. The release is a model of forward-thinking opacity as to what “innovative, digital-first healthcare solutions”... Continue Reading

A smash Q1 for digital health funding–but the SPAC party may be winding down fast

...the doors off 2020’s total funding of $14 bn? It looks like it…but…We invite your predictions in the Comments below. Les bon temps may rouler, but that cloud you see on the horizon may have SPAC written on it. A quick review: Special Purpose Acquisition Companies (SPACs) typically are public companies that raise money through their own IPOs for the express purpose of buying other companies. Often called a ‘blank check’, they have no purpose other than buying one or two other companies–in the latter case, merging them like the announced Cloudbreak and UpHealth last November–and converting over to the... Continue Reading

Deals and news roundup, April Fool’s Edition: SOC Telemed’s $196M acute care telehealth buy, HIMSS takes over SCAN Health, Livongo’s Burke joins Owlet board, CirrusMD text app raises $20M

(We’ve gone bug-eyed for 1 April!) SOC Telemed ponies up a Spritely $196 million for competitor Access Physicians. The completed combination forms, according to SOC, the largest acute care telemedicine provider in the US serving 1,000 facilities, including over 700 hospitals, across 47 states. The deal is cash and stock. No transitional information other than the CEO of Access Physicians joins the SOC Telemed board. Both companies are in the enterprise acute care telemedicine area, facilitating virtual consults between specialists and to patient bedsides. In its SEC 10-K filing released earlier this week, SOC Telemed reported $59 million in 2020... Continue Reading

Propel@YH’s Demo Day for participants next Wednesday 31 March

...syndrome, supporting isolation, rehab mobility and mental health Liria Digital Health; a technological solution addressing the health and wellbeing of perimenopausal, menopausal, and postmenopausal people. My Food 24; an online food diary system which automates the diet tracking and analysis process SeeAI; a platform that supports early fracture diagnosis through x-ray images Ufonia Ltd; an AI-enabled accessible clinical assistant called Dora that can conduct an intelligent clinical conversation via a regular voice telephone call Vastmindz; an AI face analysis app to measure real-time heart and respiration rates, oxygen saturation, stress level, blood pressure and atrial fibrillation risk Warner Patch; a... Continue Reading