H|T: The Healthtech Times – A Shopify for pharma


The Healthtech Times is a weekly newsletter covering healthtech news from Canada and around the globe. Subscribe to H|T using the form at the bottom of this page to ensure you don’t miss out on the most important healthtech news every week!

Telehealth startup Dialogue to go public on Toronto Stock Exchange, targets $100 million IPO (BETAKIT)

Telehealth startup Dialogue has officially filed to be public on the TSX amid an increasing trend of Canadian tech companies turning to public markets.

Saudi-backed $2 billion health firm Babylon is selling its Canada operations as part of a $70 million licensing deal (BUSINESS INSIDER)

$2 billion health-tech firm Babylon Health is selling its Canada operations to telco Telus.

Forward Health raises $225M from investors including The Weeknd as it looks to expand nationwide (TECHCRUNCH)

Primary care startup Forward Health is looking to expand its tech-powered, personalized healthcare model across the U.S., and will use a new $225 million Series D raise to help make it happen.

New patient engagement company created as PatientPoint takes over rival Outcome Health (MED CITY NEWS)

PatientPoint is combining with Outcome Health, which experienced a swift and sharp downfall after its former executives defrauded its clients.

As online pharmacy space heats up, Toronto startup launches “Shopify for pharma” platform (BETAKIT)

Locke Bio has emerged from stealth mode with a platform that allows companies to launch direct-to-consumer digital health and pharmaceutical brands.

DocGo announces plans to go public through SPAC merger with Motion Acquisition Corp. (MOBIHEALTHNEWS)

The deal is expected to close in the second quarter of 2021. It will value the combined company at approximately $1.1 billion.

Healthcare billing tech firm Cedar Cares valued at $3.2 billion (BNN BLOOMBERG)

Healthcare billing technology provider Cedar Cares Inc. said it has raised financing that values it at $3.2 billion, more than four times its value in a funding round last year.

Testing from home: ixLayer raises $75M for scaling telehealth diagnostic services (CRUNCHBASE)

Diagnostic health testing startup ixLayer has created a telehealth platform that provides an infrastructure for payors, providers and government partners to scale testing in weeks versus months.

In a competitive digital health market, startups move to add new medication delivery services (FIERCE HEALTHCARE)

In an increasingly competitive digital health market, many virtual care startups are moving into prescription drug delivery as a key area of growth.

Photo courtesy of Unsplash.

Caitlin Hotchkiss

Caitlin Hotchkiss

Content coordinator, social media smartypants, wordsmith, Human Workflow™. Exists primarily on coffee, cat pictures, German dance metal, and pro wrestling. I will fight for your right to the Oxford comma.

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