Health tech companies raised $39.7 billion across 1,186 deals in 2021, more than double 2020's $18.1 billion, according to Silicon Valley Bank's Healthcare Investments and Exits report.
The hefty number from last year was four times higher than the average annual investment from 2018 and 2019, which clocked in at $11 billion. The report notes 60% of funding came from 105 "mega-rounds," deals...
Research data management platform Flywheel announced it had raised $22 million in Series C funding.
The round was led by 8VC with participation from investors including iSelect, Argonautic Ventures, Beringea, DrX/Novartis, HPE Pathfinder, Spike Ventures, Key Investments, Seraph and Great North Labs.
“We are incredibly excited about the opportunities ahead, as we accelerate the transformation of...
European tech giant Philips has inked a deal to acquire Medumo, a startup focused on tracking and triaging patients. The news, which CNBC first reported, means the small Boston-based company will now be joining Philip’s growing digital health portfolio.
“We're excited to share with you that Medumo is now a Philips company,” reads a banner on the Medumo website. “Our partnership with Philips will...
This morning Amazon broke the news that it is acquiring virtual pharmacy PillPack. With this, the online retail giant that has made itself famous for “one-click shopping” for consumer goods is positioning to expand its services to include prescription medication.
“PillPack’s visionary team has a combination of deep pharmacy experience and a focus on technology,” Jeff Wilke, CEO of Amazon...
After weeks of rumors, this morning health insurance company Aetna announced that it is acquiring rival Humana for $36 billion in cash and stock. The news follows smaller health insurance company Centene's $6.3 billion plan to acquire health insurance company Health Net, which would make that company the biggest private administrator of Medicaid programs in the US. Aetna's absorption of Humana...
Baltimore, Maryland-based athletics apparel company Under Armour is acquiring two health and fitness app makers: San Francisco-based fitness platform MyFitnessPal and Denmark-based Endomondo. Endomondo, which makes free GPS-based tracking apps, went for for $85 million and MyFitnessPal, which offers apps that track fitness and diet, was acquired for $475 million.
MyFitnessPal has raised at least...
New York City-based Happtique, which had developed a health app certification and "prescription" platform, has been acquired by SocialWellth for an undisclosed sum. Happtique was a wholly owned subsidiary of GNYHA Ventures, the for-profit arm of the Greater New York Hospital Association.
It shut down its app certification program in December 2013 after a health IT firm exposed security issues...
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