The doldrums of M&A and fundings lightened a bit this week.
Personal health data consolidator Validic acquired by ChartSpan. The care management services company will broaden its portfolio through integrating Validic’s IoT platform into its remote care management and health programs. These include chronic care management, advanced primary care management, remote patient monitoring, and custom programs for health systems, payers, and wellness programs. Acquisition cost was not disclosed. BIP Capital led the financing for ChartSpan, as they did with their $15 million Series A in 2019. Validic’s last raise was $12 million in 2022 led by Kaiser Permanente Ventures. Validic, founded in 2010 and still led by founder Drew Schiller, will be integrated into ChartSpan. No mention of how the workforces will be integrated. Validic is headquartered in Durham, North Carolina, ChartSpan in Greenville, South Carolina. This continues the consolidation of complementary health tech businesses. ChartSpan blog, Mobihealthnews
Short takes on recent raises:
Cadence Solutions, another clinical intelligence and services company in chronic care management, raised $100 million in a Series C. The round was led by Spark Capital. Other participants were Thrive Capital, General Catalyst, Coatue, B Capital, Corewell Health Ventures, Memorial Hermann, and Duke Health. Cadence’s total funding since 2021 is $241 million. In 2021, they were valued at $1 billion though their current valuation is not public. The fresh funding will be used to expand across new health systems, advance Cadence’s AI agents, and grow value-based care models. Cadence also announced new affiliations with Duke Health and Texas Health Resources, now serving 20 leading health systems including Memorial Hermann in Houston and Hartford HealthCare. The model is a little different than similar remote patient monitoring (RPM) services. These health systems ‘white label’ Cadence’s clinical teams, who follow the health systems’ protocols in monitoring the device information and adjusting care in real time. Cadence now serves more than 100,000 active patients. Cadence release, Mobihealthnews, MedCity News
Prosper AI gained a $30 million Series A. Funding was led by Andreessen Horowitz/a16z, with participation from Base10 and continued support from Emergence Capital, Y Combinator, and Company Ventures. Prosper AI developed a series of voice agents for administrative workflow tasks such as answering patient calls, scheduling appointments directly in the EHR, verifying insurance benefits, automating patient billing, and contacting insurers on the phone when additional information is needed. The breadth of the agentic AI claims to lower administrative costs by +40% and up to 50% of end-to-end patient conversations. The company claims 150,000 healthcare providers and has added more than 40 care organizations as customers since their last funding round in September 2025. The new funds will be used to expand its engineering and customer-facing teams, deepen integrations across the largest EHR platforms, and accelerate adoption across provider groups and health systems. Prosper release, Mobihealthnews
Brazil’s Telepatia raised a $33 million Series A, mainly from Andreessen Horowitz/a16z. Additional participants were Palantir CTO Shyam Sankar, Rappi founder Simón Borrero, and Nubank founder David Vélez. Telepatia combines AI-powered documentation, clinical decision support, and healthcare assistants to help clinicians improve productivity, reduce medical errors, and increase adherence to clinical protocols. It is targeted to healthcare systems in Latin America that have shortages of physicians and nurses. Telepatia has already been adopted by 25 hospital systems in Brazil, Colombia, and Mexico, reaching 14 million patients, improving protocol adherence from 84% to 99%, and helping prevent 60,000 medical errors in real time,” according to a16z’s announcement post. Mobihealthnews, The SaaS News
Patients are using portals for messaging and other tasks, but using them along with increased physical visits. A five-year study by NYU Langone Health researchers of the Epic MyChart system, published this week in the Journal of the American Medical Association (JAMA), found that:
- 12% of Americans now use patient portals for messaging about appointments, test results, and ongoing treatments
- Online portal messages more than doubled between 2020 and 2025 (153%)
- Telephone calls decreased by 6%
- Americans with an active Epic health record went from 94 million in 2020 to 140 million in 2025.
- 30% of the 42 million active patients on Epic sent a portal health app message to their clinician during the first three months of 2025.
- Individual patient messages doubled, moving from an average of 2.2 per year in early 2020 to 5.4 per year in late 2025.
- In-office visits returned to an average of between two and three per year per patient
The study is the largest review conducted of Epic EHR records: more than 140 million patient records from 2,067 hospitals and 47,100 health clinics in the US. NYU Langone release
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