H|T: The Healthtech Times – Amazon Clinic can now treat cough, cold, or flu

a group of five people is meeting in a board room with the logo of the Well Health company on the wall
Plus: Well Health acquires cybersecurity businesses, CAE to sell healthcare unit for $311M.

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Well Health acquires two cybersecurity businesses, Seekintoo and Proack (BETAKIT)

Well Health is beefing up its cybersecurity business unit, Cycura, with two new acquisitions. The firm announced it has acquired Seekintoo and Proack for an undisclosed amount.

Calgary-based Seekintoo provides managed detection services, aiming to ensure enterprise clients receive 24/7 threat protection. Proack is a Toronto-based security consulting firm that specializes in strategic and tactical cybersecurity services.

Well said its acquisition of Proack is aimed to enhance Cycura’s cybersecurity capabilities significantly, while also reinforcing its commitment to maintaining patient trust and operational integrity across all of Well’s businesses.

Canada's CAE to sell healthcare unit for C$311 mln in bid to streamline ops (REUTERS)

Canada-based CAE said on Tuesday it would sell its healthcare business to Chicago-based Madison Industries for C$311 million as the tech firm strives to streamline its operations.

The company said it would use the sale proceeds for technological advancement and the deal will help with cost optimization within its core training and simulation markets.


How to get hybrid work right for the long term

Did you know 89% of workers and decision-makers are onside for hybrid work?

As more knowledge workers, clinical practitioners, and front-line staff adapt to the new way of working, leaders are concerned about sustaining productivity and avoiding burnout.

This shift to hybrid work is not only straining the capacity of IT teams and budgets but also introducing new security risks that can’t be ignored.

What can Health Tech companies do to solve the challenges and take advantage of the rewards of hybrid work over the long term?

Read the article featuring a conversation with a hybrid work expert discussing best practices to ensure that businesses in 2023 are getting hybrid work right for the long term.

Read the article now.

Stuart Lombard, Ecobee founding CEO and president, announces retirement (BETAKIT)

In the 16 years since its founding, Toronto-based thermostat company Ecobee has helped customers save over 28 terawatts of energy—enough to take all the homes in Los Angeles and Chicago off the grid for a year.

Now, the firm’s founding CEO and president who led Ecobee to a $770 million USD acquisition by Generac Power Systems in 2021, Stuart Lombard, has made the decision to retire, effective November 10.

OrbiMed scores more than $4.3B in private investment funds (MOBIHEALTHNEWS)

Global healthcare investment firm OrbiMed announced it raised more than $4.3 billion in commitments for its private investment funds – OrbiMed Asia Partners V, OrbiMed Royalty & Credit Opportunities IV and OrbiMed Private Investments IX.

OrbiMed invests in businesses from the seed stage to large publicly-traded companies in biopharmaceuticals, medical devices, diagnostics and technology-enabled healthcare services.

As semiconductor re-shoring efforts heat up, SILICAN urges feds to provide more targeted domestic chip support (BETAKIT)

The Semiconductor Industry Leadership and Innovation Canada Action Network (SILICAN) has published its first policy report, laying out a series of recommendations for how the federal government can bolster the country’s chip industry.

In an interview with BetaKit, Council of Canadian Innovators (CCI) president Benjamin Bergen noted that because Canada can’t compete with the US in financial support, this policy report offers guidance on where the country can focus its available resources to better compete on the world stage.

Apple Has Discussed Using Vision Pro for Mental Health Diagnosis, Treatment (THE INFORMATION)

Inside Apple, employees have discussed a specialized use of the Vision Pro headset as a way to diagnose and treat mental health issues, according to people with direct knowledge of the matter.

Such features would tap the device’s array of cameras and sensors to measure a person’s facial expressions, using them to detect depression, anxiety, stress or post-traumatic stress disorder, then display images and sounds that might improve the wearer’s emotions, one of the people said.

Version One Ventures explains how to fundraise when capital is no longer a commodity (BETAKIT)

What’s a founder to do if you’ve only just started your company in 2023—right on time to miss the COVID-19 stimulus-fueled boom cycle and see capital dry up?

Angela Tran, General Partner at Version One Ventures, on the #CIBCInnovationBanking podcast shared more about the first major venture “winter” since the Great Recession and what founders can do about it today.

Amazon’s virtual health clinic can now treat patients for a cough, cold or flu (TECHCRUNCH)

Amazon announced today that its virtual healthcare marketplace, Amazon Clinic, can now treat patients for a cough, cold or flu.

Amazon Clinic launched in November 2022 as a way to connect users with healthcare providers. Amazon Clinic does not provide the healthcare services itself and instead supplies a platform to connect telemedicine partners with users.

How to navigate the “imperfect storm” of startup cybersecurity (BETAKIT)

What would you do if your business was the victim of a cyberattack—and to top it off, you lost half your customers because of it?

In a recent BetaKit Live conversation, three expert panellists discussed the very real business risks of a cyberattack and how small business and startup owners should engage with those risks.

Learn about the rapid growth of cybercrime from Aviva Klein, VP of Digital Payments & Cybersecurity Solutions at Mastercard in Canada, Darryl Julott, Managing Lead at Digital Main Street, and Charles Finlay, Executive Director of the Rogers Cybersecure Catalyst at Toronto Metropolitan University.

CVS, Mayo Clinic, Spark Capital back Abridge's $30M round to scale up generative AI-powered notetaking for doctors (FIERCE HEALTHCARE)

Abridge, a startup that developed artificial intelligence-based documentation solutions for healthcare, banked $30 million in a series B raise to support large-scale health system rollouts of its technology. The round values Abridge at $200 million, Forbes reported.

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Alex Riehl

Alex Riehl

Alex Riehl is a staff writer and newsletter curator at BetaKit with a Bachelor of Journalism from Carleton University. He's interested in tech, gaming, and sports. You can find out more about him at alexriehl.com or @RiehlAlex99 on Twitter.

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