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Mercom: 2017 Investments in Healthcare IT / Digital Health Remain Robust

Mercom Capital Group — a global communications and research firm — has just released its report on funding and mergers and acquisitions (M&A) activity for the Healthcare Information Technology (IT) / Digital Health sector for the first quarter of 2017.

Mercom’s comprehensive report, if you’re not familiar, covers deals of all sizes from across the globe.

Venture capital (VC) funding, including private equity and corporate VC, in the Health IT sector almost doubled quarter-over-quarter, coming in at $1.6 billion in 165 deals compared to $845 million in 159 deals in Q42016.

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New York’s Cohero Health Names New CEO

MHW learned Thursday that Cohero Health – a digital health company that is transforming respiratory disease management through smart mobile technology – has just named Joe Condurso as its new Chief Executive Officer.

According to a provided statement, Condurso will lead the next stage of Cohero’s growth and expansion.

Cohero has pioneered the integration of medical devices, mobile technology, and software to help people with respiratory ailments measure lung function, track medication usage, and connect with their doctor, empowering patients to better manage their conditions.

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Invertex Raises $2 Million in Seed Funding Round to Develop Retail Footwear Technology

Media Announcement: Invertex, an early stage Israeli fashion-tech company that delivers cognitive, connected, omnichannel measure-to-fit footwear solutions, announced the closing of its $2 million seed funding round. The round was led by Jerusalem-based equity crowdfunding VC OurCrowd through its OurCrowd First early stage fund. Permoda, an international leading retail & fashion group also participated in the round, together with prominent angel investors.

Invertex is a leading provider of scan-to-fit guided shopping experience platforms that combine advanced 3D-digitization and deep-learning technologies to deliver tailored solutions for in store, at home and online audiences. Invertex’s comprehensive platform enables retailers to significantly improve their online sales-capabilities by lowering returns by empowering customers to trust and enjoy their e-commerce experience. The company’s clients also have the capacity to tailor their existing product lines to their customers’ specific needs.

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Desert Oasis Healthcare Establishes Center for Research and Healthcare Innovation

University Health Shreveport LSU Health Tap TelePREOPDesert Oasis Healthcare (DOHC), a California-based Physician Group within the Heritage Provider Network, announced Wednesday the establishment of a Center for Research and Healthcare Innovation (DCRI).

Created in collaboration with partner Altura, the DCRI is designed to build upon the long-standing clinical trial resources at DOHC.

By implementing Altura’s Study Engagement Platform, DCRI will expand DOHC’s capabilities to support observational studies, healthcare technology assessments, and patient and healthcare provider (HCP) quality surveys.
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Patient Pain Management at a Glance

In recent days in Toronto, Intronix Technologies announced plans to launch “Myoguide DOC”, a comprehensive software package designed to help clinicians who inject Botulinum Toxins, such as Botox, Dysport and Xeomin to manage their patient’s spasticity and pain.

Myoguide DOC is the first integrated graphics driven patient management system that helps clinicians to document all aspects of their patient’s treatment and outcome tracking, while improving their ability to communicate. Save time, increase productivity, improve communication, and follow patient outcomes, a provided statement explains.

Intronix Technologies Corp. is known for producing the Myoguide™ EMG Guided Injection System, which is designed to help clinicians injecting therapeutic Botox like drugs to manage pain and spasticity.  Myoguide works like a Geiger counter generating sound and signal display to help clinicians locate the optimal sites to inject medication to provide relief to their patients.

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Big Show Anticipated for ATA Orlando Conference

homeImageAttendees of American Telemedicine Association’s flagship conference will experience how the future of telemedicine impacts ERs, ICUs, assisted living communities and physician’s offices, as ATA premiers its Simulation Showcase at ATA 2017 Telehealth 2.0.

That’s the official word from event organizers as they prepare for the April 23-25 show at the Orange County Convention Center in Orlando, Florida.

The Simulation Showcase and accompanying Experience Zone will enable show-goers to test drive and interact with leading industry technologies brought to life by sponsors including Advanced ICU Care (ICU), InTouch Health (ER), Ziegler (assisted living home, with partners Breezie, Greatcall, Its Never 2 Late, and TripleCare) and MedPod (doctor’s office, with partners Henry Schein, Horiba Medical, MasterWord Services, Inc., MidMark Corporation, Welch Allyn, Inc., and Wellness Codes).

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NextGen Healthcare to Acquire Entrada, Inc.

Physicians Interactive Targets Consumer Health with AcquisitionNextGen Healthcare Information Systems, LLC, a subsidiary of Quality Systems, Inc., announced Wednesday an agreement to acquire Entrada, Inc.

The transaction is expected to close promptly upon the completion of customary closing conditions and will be settled in all cash with a value of approximately $34M.

In calendar year 2016, Entrada had revenue of approximately $12 million and had a loss of approximately $2 million.
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