Toronto-based mobile health company Diversinet agreed to sell its assets to subsidiaries of Parsippany, New Jersey-based IMS Health for about $3.5 million (US). The sale includes Diversinet's intellectual property, software, and customer contracts. Some employees will also be offered positions at IMS, once the deal is finalized. The asset acquisition is still subject to the approval of the...
San Francisco-based Fitbit, which offers various clip-on and wristworn activity tracking devices as well as a connected weight scale, has raised $43 million in its fourth round of funding, from three new investors. A rumor started by TechCrunch back in March claimed that Fitbit had raised just $30 million in its fourth round and at a valuation of $300 million or more. Fitbit's new backers include...
Wellness tracking platform MyFitnessPal raised $18 million in the first round of funding led by Kleiner Perkins Caufield & Byers. Accel Partners also participated. Kleiner Perkins' John Doerr and Accel Partners' Andrew Braccia also joined MyFitnessPal's board.
MyFitnessPal will use the funding to grow its team and expand to more countries. Already, the fitness system is available in some...
Cardiocom's Diabetes Management System.
Minneapolis-based implantable medical device maker Medtronic has acquired Chanhassen, Minnesota-based Cardiocom, a remote patient monitoring and disease management company, for $200 million in cash. As the Wall Street Journal reported, this acquisition represents a diversification for Medtronic, from it's core offering of implantable medical devices to...
Santa Clara, California-based CareInSync raised an undisclosed amount from the Samsung Venture Investment Corporation. CareInSync will use the money to improve its care coordination solution with secure mobile communications technology and expand its mobile offering to the Android platform.
Last year, CareInSync raised $1.6 million in funding from HealthTech Capital, a group of angel investors,...
LifeNexus, a San Francisco startup looking to replace the traditional insurance card with a digital version, raised $4 million from undisclosed angel investors and one undisclosed fund, bringing the company's total funding to $11.9 million. CEO David Strand said an additional $3 million round is closing soon.
The company offers a system called iChip, which Strand described to MobiHealthNews as a...
A month ago, Healthbox launched a new accelerator class in Nashville, Tennessee. This week, the program announced the Nashville-based Hospital Corporation of America, a healthcare service provider, has joined as a sponsor. Because of the announcement, Healthbox extended the Nashville application deadline three more days, to August 7th. Founded in Nashville in 1968, HCA currently operates 161...
BioBeats, a new company from Basis Science Founder Nadeem Kassam, raised $650,000 in a round of funding. Contributors to this round included Will Smith, producer Scooter Braun, entertainment lawyer Ken Hertz, CEO of AAM Mark Beaven, actor Damon Wayans, Cantora Records, musician Justin Boreta, ENIAC Ventures, Zhen Fund, and angel investor Gotham Chopra.
As the adoption of health sensors into daily...
TalkRocket Go
Autism researchers at the University of Kansas received a $1.2 million grant from National Institute on Deafness and Other Communication Disorders, Communication Intervention for Preschoolers Learning to use AAC (CI-PAAC) to test iPad app to help children with social communication.
Many young children with autism have communication barriers, and while alternative and augmentative...
Proteus Biomedical's Raisin system
Halfway through the year, there have already been some major funding stories for mobile health companies. From wearable device companies to a mobile clinical software developer, these funding stories have mentioned trends, goals and important VCs in the field. While MobiHealthNews' state of the industry Q1 2013 and Q2 2013 reports delve deeper into the...
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