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!
Doctor-backed Clinify secures $2 million CAD to help digitize African medical records (BETAKIT)
Drawing on his past experience working in healthtech with IBM and Alberta Health Services (AHS), Omidele founded Calgary-based Clinify in 2020 to help digitize and centralize medical records across Africa’s healthcare system and improve patient outcomes.
Blood Biotech Grifols Cuts Deep in the U.S. to Find €400M in Savings (MEDCITY NEWS)
Grifols said the layoffs sparked by its restructuring represent just 8% of its workforce. But the cuts will happen mainly in the Barcelona-based company’s U.S. plasma operations, source of most of the plasma that is the basis for its biologic medicines.
Newly-named Canada Innovation Corporation will see budget double to absorb IRAP (BETAKIT)
The newly-dubbed Canada Innovation Corporation (CIC) will be a Crown corporation led by the private sector. While the CIC will operate independently from the government it will report to the minister of innovation, science, and industry.
Benefit from up to $400,000 with CABHI’s MC² Capital, in partnership with National Bank.
Applications are now open for the Centre for Aging + Brain Health Innovation (CABHI)’s MC² Capital, in partnership with National Bank. This first-of-its-kind investment program not only gives you access to capital; it opens doors to new buyers, customers, international markets, subject matter experts, and our global innovation partners.
Companies may also access additional investment of up to $400,000 from the Ontario Brain Institute, commercialization and funding support from Ontario Bioscience Innovation Organization, and business financing from Clearco.
How Canada’s Crumbling Health Care System Opened the Door to For-profit Virtual Care (CANADIAN BUSINESS)
In every province and territory, health systems are hanging on by a thread. Start-ups like Maple, Rocket Doctor and Felix have stepped in to offer virtual care and now, more than ever, Canadians are relying on them.
Federal government reveals breakdown of $700 million renewed commitment to Innovation Clusters (BETAKIT)
The Government of Canada initially promised the additional funding for the clusters last year, announcing $750 million in investments to be made over the course of six years, until 2028.
Elation Health Buys Medical Billing Company to Create All-in-One Tech Platform for Primary Care Providers (MEDCITY NEWS)
Elation Health announced its acquisition of medical billing company Lightning MD — a deal the company made to help it become an all-in-one technology platform for primary care providers. Lightning MD stood out from other medical billing startups because of its ease of use, Elation CEO Kyna Fong said.
Canadian tech can find opportunities during leaner times (BETAKIT)
RBC Capital Markets managing director Aly Gillani says M&A will be a big theme in the back-end of 2023.
Health benefits platform Collective Health announces layoffs (MOBIHEALTH NEWS)
The company's CEO, Ali Diab, announced the layoffs on LinkedIn, saying the employees were being let go due to a "workforce reduction," while urging companies that may encounter those employees during the hiring process to provide them with "strong consideration."
Real Ventures partners with Panache, Inovia to relaunch FounderFuel accelerator (BETAKIT)
FounderFuel is now coming back and going nationwide with the support of two other notable Montréal-headquartered Canadian venture capital (VC) firms with a presence across the country: Panache Ventures and Inovia Capital.
Health Startups Offer Diabetes Drugs Like Ozempic for Weight Loss With Little Oversight (THE WALL STREET JOURNAL)
Some companies advertise or prescribe the medications to people who aren’t clinically overweight, a Journal analysis finds.
Movement51 launches new “investment readiness” education program for women entrepreneurs across Canada (BETAKIT)
According to M51 executive director Danielle Gifford, TD’s support has enabled Calgary-based M51 to expand beyond just the Prairie provinces and make the program available nationally.
Subscribe to The Healthtech Times
Don’t forget to subscribe to The Healthtech Times using the form below to make sure it hits your email inbox every week!
