H|T: The Healthtech Times – Coming back stronger


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!

Think Research increases credit facility from National Bank to further acquisition strategy (BETAKIT)

The facilities follow a quarter of record revenue for Think Research, driven in part by the startup’s acquisition strategy.


Calling Canadian health tech entrepreneurs: pitch your startup to leading North America health industry CEOs!

Accenture’s Health Tech Innovation Challenge brings together start-ups and larger health organizations to tackle the world’s biggest health issues. Now in its fifth year, the challenge gives start-ups the chance to pitch their innovative ideas to leading CEOs from across the healthcare industry in Canada and the US. Entrepreneurs will gain exposure to judges who represent the broad spectrum of Accenture’s clients in healthcare, insurance, life sciences, and government.

Deadline extended to July 16 – apply today!

Olive passes $4B valuation with new funding round (MED CITY NEWS)

Olive, which automates redundant tasks in healthcare, recently raised $400 million in a funding round. Since the start of the pandemic, the company has raised a total of $832 million.

Montréal’s Aifred Health wins second place at IBM AI XPRIZE competition (BETAKIT)

When Aifred Health was revealed to be in the top three finalists in February, the company said it planned to use its prize money, as well as its seed funding, to fund the clinical trial required for regulatory approval of its solution.

Akumin’s $820M deal gives it a king-size boost in radiology, oncology services (FIERCE HEALTHCARE)

Outpatient imaging center operator Akumin is acquiring Alliance HealthCare Services to get a bigger slice of the radiology and oncology services market.

Surgical robotics company CMR raises $600M (TECHCRUNCH)

This latest round, led by SoftBank’s Vision Fund 2 and co-led by Ally Bridge Group, joins an existing $384.8 million already raised by the Cambridge firm. It values the company at $3 billion.

AlayaCare raises $225 million CAD Series D round (BETAKIT)

In July 2019, AlayaCare closed the first, $51 million portion of its nearly $116 million Series C round, and in January 2020, the startup secured a $47.9 million Series C extension.

Zipline raises $250M at $2.75B valuation to build out its instant logistics service (TECHCRUNCH)

This latest round has vaulted the company’s valuation to $2.75 billion and will fuel further expansion of its logistics networks in Africa and the United States.

MaRS’ Yung Wu on the real price of ransomware (BETAKIT)

Every 11 seconds, there’s a ransomware cyberattack against a business. These types of attacks happen even more frequently to individuals.

Quanta raises $245M, prepares to study in-home use of portable dialysis device (MED CITY NEWS)

The company plans to study its device for in-home use, after it was cleared last year to be used in hospital and post-acute care settings.

Semantic Health comes out of stealth to help hospitals use coded data (BETAKIT)

Semantic Health was founded in 2019 with the goal of helping hospitals improve their medical coding and auditing processes.

Gympass emerges stronger out of the pandemic, doubles valuation to $2.2B (CRUNCHBASE)

The corporate wellness platform is now valued at $2.2 billion with SoftBank, General Atlantic, Moore Strategic Ventures, Kaszek and Valor Capital Group investing in this funding round.

Canadian tech must embrace Indigenous reconciliation (BETAKIT)

While Canada is often viewed globally as a thriving hub within the digital economy, Indigenous communities and practitioners are largely missing from the conversations and spaces about the future ‘smart’ and decentralized technologies.

Vetsie closes $285,000 as it looks to launch virtual vet care platform nationally (BETAKIT)

The round comes as Vetsie gears up for the public launch of its virtual vet care platform.

4G Clinical gets $230M growth round to help with drug development (CRUNCHBASE)

Wellesley, Massachussettes-based 4G Clinical closed a $230 million growth equity round led by Goldman Sachs Asset Management — the software company’s first raised from a large institutional investment.

Josh Scott

Josh Scott

Josh Scott is a BetaKit reporter focused on telling in-depth Canadian tech stories and breaking news. He is also the winner of SABEW Canada’s 2023 Jeff Sanford Best Young Journalist award. His coverage is more complete than his moustache.

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