Wheel, an Austin, Texas-based telehealth staffing and services vendor, today shared that it raised $50 million in a Series B funding round led by Lightspeed Ventures.
Existing investors CRV, Silverton Partners, Tusk Venture Partners and J.P. Morgan took part in the round, along with new investor Future Shape.
As the lead investor, Lightspeed Senior Advisor Dr. Ling Wong will join Wheel’s board of...
Walmart this week strengthened its foothold as a healthcare provider with the announcement of its plans to acquire telehealth company MeMD.
The retail giant’s healthcare arm, Walmart Health, will bring MeMD’s multi-specialty virtual care options into its fold later this year.
The deal is expected to close in the coming months, following regulatory approvals, according to the announcement. The...
Dealroom, Inkep Capital and MTIP have released a report powered by a database dedicated to mapping and tracking the health innovation ecosystem.
The report looks at 76,275 startups, 38,907 funding rounds, and 8,821 exits of companies addressing aspects of the healthcare value chain and patient journey.
WHY IT MATTERS
The report predicts that over the next two years, the industry will see new...
Next-gen care provider Crossover Health has quietly shuttered Sherpaa, the virtual primary care company it acquired in 2019. Sherpaa founder Jay Parkinson broke the news in a farewell blog post, in which he also revealed he has parted ways with Crossover after two years there.
Sherpaa, a longtime digital health stalwart founded by Parkinson in 2012, is no more as of December 2020, following a six...
Telecommunications giant Verizon has etched its name into the ever-growing list of virtual care platform developers with this week’s announcement of BlueJeans Telehealth.
The telehealth offering was built from the ground up with collaboration from an advisory board of health system clinicians, creating a platform designed with the needs of providers in mind, Verizon said in the announcement.
The...
Mantra Health, a startup providing virtual mental healthcare services to higher education, has closed a $2 million extension to the $3.2 million in seed funding it disclosed late last year, MobiHealthNews has learned.
The startup's newest backers include Canaan Partners, City Light Capital and Baleon Capital, as well as Aligned Telehealth founder Dr. Nitin Nanda as a strategic angel investor....
CirrusMD, a startup offering on-demand, text-first telehealth, has raised $20 million in a new Series C funding round that brings its lifetime funding to $46 million.
Blue Venture Fund led the raise, which also saw support from 7wireVentures, Drive Capital and the Colorado Impact Fund.
WHAT IT DOES
CirrusMD's approach to virtual care is focused on convenient and timely communication.
Offered...
SOC Telemed (formerly Specialists on Call) announced yesterday that it has purchased fellow acute care telemedicine provider Access Physicians.
The cash and stock transaction is valued at roughly $194 million, with the potential for additional considerations based on performance.
WHAT'S THE IMPACT
SOC Telemed was already a major name in the enterprise telemedicine space. The company reported...
Direct-to-consumer virtual care and mail-order prescription startup Ro is adding to its already impressive fundraising haul with a fresh $500 million investment headed by prior backers General Catalyst, FirstMark Capital and TQ Ventures, the company announced this morning.
SignalFire Torch and BoxGroup also returned to participate in the Series D round, as did new investors Altimeter, Baupost,...
Shares of consumer-friendly telehealth and wellness company Hims & Hers took a hit late last week when the company pulled back the curtain on its first quarterly earnings since going public through a special purpose acquisition company (SPAC) merger.
While the company posted 2020 revenue that beat market expectations, its roughly $16 trading price immediately dipped from about $16 to the $14...
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