Tag Archive | "funding"

Healthcare IT VC Funding Surges


Healthcare IT VC Funding SurgesOn Tuesday, Mercom Capital Group, a global communications and research firm, released its report on funding and mergers and acquisitions (M&A) activity for the Healthcare Information Technology (IT) / Digital Health sector for Q2 2016.

Per the findings of the report, which covers deals of all sizes across the globe, healthcare IT VC funding is surging this year.

“Venture capital (VC) funding in the Health IT sector, including private equity and corporate VC, came to $1.6B (billion) in 140 deals in Q2 2016 compared to $1.4B in 146 deals in Q1 2016; up 33 percent YoY,” the report summary reads.
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Program Aimed at Improving Rural Health Gets New Funding


Program Aimed at Improving Rural Health Gets New FundingThe Centene Foundation for Quality Healthcare says it is awarding a $110,000 Improving Health in Rural Counties grant to the Center for Counseling & Consultation and the Pawnee County Health Department.

The announcement was shared with mHealthWatch on Wednesday.

Centene Corporation’s national behavioral health specialty company, Cenpatico, supported the Foundation’s efforts to identify an innovative program in Kansas that supports transforming the health of rural communities, through individual focus and active local involvement.
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Venture Capital Funding For Digital Health And Health IT Drops In The First Quarter Of 2015


Venture Capital Funding For Digital Health And Health IT Drops In The First Quarter Of 2015Digital Health and Health IT are two industries that have raked in an impressive amount of venture capital in the past several years. Categories within these industries are either new, or have drastically changed in the last decade.

Since both industries are increasingly in demand, Digital Health and Health IT have been generating billions of dollars in capital over the last several years, says a new report from Mercom Capital Group. However, VC funding for both Q4 of 2014, and Q1 of 2015 has dropped significantly. In Q4, funding dropped by almost 35 percent. In Q1 of 2015, VC fundraising came in at $1.8 billion.

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Funding Allows Telemedicine Firm to Grow and Chase Goals


Funding Allows Telemedicine Firm to Grow and Chase GoalsReston, Washington-based telemedicine firm Avizia Inc. split from Cisco Systems Inc. in order to grow its business and its high-tech system that helps spread expertise of medical specialists more broadly, said Avizia CEO Mike Baird, according to Biz Journals.

Avizia said they “had closed an equity financing round led by D.C.-based NextGen Angels, along with Blu Venture Investors and Middleland Capital.” Avazia revealed its CA300 telemedicine system at the American Telemedicine Association conference in Baltimore earlier this year.

Baird said the new funding will be used to expand its sales team. Their system is currently in more than 100 hospitals around the country and in 20 different countries.

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Digital Health Funding Posts Another Record Quarter


Digital Health Funding Posts Another Record QuarterQ1 2014 brought with it a new record in digital health venture funding.

According to the latest data from Rock Health, not only did January set a record month in both deals and dollars, the first quarter of 2014 set an all-time record for digital health funding in a single quarter.

“Nearly $700M in funding poured into the space, paving the way for the biggest year ever for the industry,” the report summary reads. “Q1 2014 experienced a mind blowing 87% year-over-year growth versus Q1 2013.”

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Cytox Gains Additional Funding for Groundbreaking ‘Alzheimer’s Biomarker’


Cytox Gains Additional Funding for Groundbreaking 'Alzheimer’s Biomarker'Cytox Ltd, a United Kingdom-based developer of assays for risk assessment and prediction of dementia, is finding enormous success with raising funds for its latest inspiring endeavor.

“We started an extensive evaluation program for our mTOR pathway biomarker technology last month,” says Dr. Richard Pither, CEO of Cytox. “This new money will allow us to extend the clinical research program and more rapidly access potentially valuable utility claims.”

Dr. Pither explained further that, “With two clinical programs in both the European Union and North America, state of the art laboratory capabilities in Manchester UK and a partnership with a US-based laboratory, Selah Genomics, Cytox has progressed its plans rapidly in 2014.”

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BetterDoctor Enjoys Healthy Investment Round


BetterDoctor Enjoys Healthy Investment RoundmHealthWatch learned today that BetterDoctor has raised $2.6 million in a new round of funding that will likely help this innovative online platform keep growing for years to come.

BetterDoctor is a doctor-finding service that analyzes hundreds of data sources to rank every doctor in the United States.

“With 4 million people served, BetterDoctor is growing into a leading matchmaking service for patients and doctors,” a rep for the platform tells mHealthWatch.
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