Finance

Mike Miliard, Executive Editor of Healthcare IT News; Hal Wolf, president and CEO of HIMSS; and Ken McAvoy, president of South Florida Ventures at Informa Markets
By  Jessica Hagen 02:16 pm August 3, 2023
The Healthcare Information and Management Systems Society (HIMSS) and exhibition organizer Informa Markets announced the pair had signed an agreement for Informa to take over management of the HIMSS Health Global Conference & Exhibition, with HIMSS continuing to oversee expert content and event programming.  HIMSS Global Conference & Exhibition drew over 40,000 healthcare and technology...
Healthcare providers in an operating room looking down at a patient on a table with large lights above them
By  Jessica Hagen 01:24 pm August 1, 2023
Augmedics, an augmented reality surgical navigation platform, announced it successfully won a bid to purchase the digital health assets of Surgalign and Holo Surgical for $900,000 in cash, following the spine technology company's bankruptcy. Surgalign's digital health offerings include its HOLO Portal, an AI-driven augmented reality guidance system that allows intraoperative image-guided...
Two surgeons looking down at a camera with scrubs on while holding surgical tools
By  Jessica Hagen 03:42 pm July 28, 2023
AI-enabled surgical technology company Proprio announced it secured $43 million in Series B funding from new and existing investors, including Bird B. WHAT IT DOES The Seattle-based company offers an FDA-cleared surgical navigation platform dubbed Paradigm, which utilizes light field technology and artificial intelligence to generate 3D visualization of surgery, allowing for intraoperative scans...
Person sitting while looking at a tablet with two other people standing up looking at a graph on a screen
By  Jessica Hagen 06:25 pm July 27, 2023
Teletherapy company Talkspace saw its stock price rise after reporting second-quarter revenue of $35.6 million, a 19% increase over the prior year period, driven by an 82% increase in B2B revenue year-over-year and partially offset by a 41% consumer revenue decline. The New York-based company's net loss was substantially lower in the second quarter at $4.7 million than its $23 million loss in Q2...
Two people sitting on a couch with a child sitting on one's lap while talking to a healthcare provider on a computer
By  Jessica Hagen 12:34 pm July 26, 2023
Teladoc Health stock rose Tuesday after the virtual care company reported a 10% increase in revenue year-over-year to $652.4 million from $592.4 million in the prior year. For Teladoc Health's Integrated Care segment, revenue increased 5% year-over-year to $360.1 million, and for BetterHelp it increased 18% to $292.4 million in Q2 2023. Revenue in the U.S. rose 8% to $561.8 million, while...
Person looking at images projected onto a wall with a city in the background
By  Jessica Hagen 05:08 pm July 25, 2023
Hippocratic AI, a generative AI company developing safety-focused large language models for healthcare, added $15 million in funding to its seed round, bringing its total raise to $65 million since its launch in May. The California-based company also announced its Founding Partner Program. It is partnering with healthcare systems and digital health companies to guide the development of its...
Healthcare provider in scrubs standing in front of an imaging screen
By  Jessica Hagen 12:15 pm July 25, 2023
GE HealthCare, which officially spun off early this year, announced it is raising its full-year guidance range amid increased demand and ease of supply chain woes.  The company reported $418 million in net income in the second quarter compared with $485 million in the prior-year period and revenue of $4.8 billion, a growth of 7% year-over-year and a 9% organic revenue growth.   The health tech...
Person sitting on their couch speaking to a healthcare provider on a tablet
By  Jessica Hagen 11:21 am July 24, 2023
AI-backed remote monitoring and digital therapeutics company Biofourmis confirmed it laid off 120 employees worldwide, including 48 workers in the U.S. The Boston-based company offers home care tools to help remotely monitor acute and post-acute patients, then alter a care team when a patient's condition changes from their personal baseline. It also offers digital therapies, including a heart-...
Healthcare stakeholder sitting at a desk looking at a computer with a headset on
By  Jessica Hagen 12:14 pm July 19, 2023
Healthcare-navigation platform Amino Health has received $42 million in credit financing from Oxford Finance as part of its $80 million raise in May.  WHAT IT DOES The California-based company connects its members with physical and mental healthcare providers and benefits programs, and allows its members to book appointments and keep track of their favorite providers. It also distributes cost and...
Healthcare provider sitting next to a hospital bed with a teenager in it looking at a phone
By  Jessica Hagen 03:36 pm July 14, 2023
Digital therapeutics company Big Health announced it acquired Limbix, a maker of prescription digital therapeutics aimed at treating depression in teens and young adults.  Limbix is the creator of SparkRx, a PDTx that uses the principles of cognitive behavioral therapy to address depression in teens and young adults ages 13 to 22.  The self-guided CBT-based treatment was released in October 2021...