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!
WELL Health to acquire MyHealth for up to $266.3 million CAD (BETAKIT)
Earlier this year, WELL completed its largest acquisition to date, purchasing the issued and outstanding shares of Vancouver-based CRH Medical.
AI-drug discovery biotech Valo Health is going public via a $2.8B SPAC merger (MED CITY NEWS)
Less than nine months removed from its formal launch, Valo is now revealing more about its artificial intelligence platform technology, which it plans to use to make the firm the first “digitally native” pharmaceutical company.
Diagram doubles size of Opportunity Fund with final $60 million close (BETAKIT)
Montréal-based venture builder and investor Diagram Ventures has secured an additional $60 million CAD in the final close for its Opportunity Fund, as it looks to reinvest in its stars.
Chinese O2O pharma platform Dingdang Health nets $220m led by TPG Capital Asia (DEAL STREET ASIA)
The funding round was co-led by New York healthcare fund Orbid and China-focused Redview Capital.
Venture firms’ latest $300M Medicare Advantage bet (AXIOS)
Virginia-based AllyAlign Health, a Medicare Advantage insurance company focused on senior housing, just raised a nearly $300 million funding round led by New Enterprise Associates.
Nurosene goes public on Canadian Stock Exchange, securing $9.2 million (BETAKIT)
The Toronto company initially sought to raise between $5 million and $8 million through the offering, but ended up securing $9.2 million in gross proceeds following the exercise of an over-allotment option.
Managing health from home: LetsGetChecked raises $150M Series D (CRUNCHBASE)
LetsGetChecked offers more than 100 validated at-home tests including screening for sexual health, cholesterol, diabetes, thyroid and COVID-19, as well as follow-up care through its telehealth and pharmacy offerings.
Indian giant Tata Digital to invest $75 million in fitness startup CureFit (TECHCRUNCH)
Earlier this year, Tata Group acquired a majority stake in online grocery startup BigBasket, and is reportedly in talks to acquire online pharmacy 1mg, according to local media reports.
Carter Griffin on why the best SaaS companies are obsessive about churn (BETAKIT)
In an interview for the #CIBCInnovationEconomy podcast series, Carter Griffin, General Partner at Updata Partners, shared the metrics he really cares about as an investor.
Tullman’s startup Transcarent scores $58M as it aims to overhaul employer-sponsored benefits space (FIERCE HEALTHCARE)
Transcarent launched out of stealth mode in March to tackle the employer-sponsored benefits space.
Amazon has signed up multiple companies to its telehealth service, executive says (CNBC)
The company announced in March that it would open up Amazon Care to other companies later this year.
Kovo HealthTech lists on TSX Venture Exchange (BETAKIT)
Kovo HealthTech aims to acquire profitable RCM businesses and works to organically grow these businesses.
FemHealth Ventures seeks $50 million for women’s health investments (WALL STREET JOURNAL)
Venture funding for the industry is rising as startups develop a range of new technologies.