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PointClickCare acquires Patient Pattern to support healthcare providers’ transition to value-based care (BETAKIT)
Value-based healthcare is a delivery model that allows providers to be paid based on patient health outcomes. In the traditional method, providers are paid based on the amount of healthcare services they deliver.
PointClickCare’s acquisition of Patient Pattern will help the former in facilitating providers’ transition to value-based care by unifying it and their existing care delivery models in one platform.
Pear Therapeutics exploring sale, other 'strategic alternatives'
(MOBI HEALTH NEWS)
In a press release, the company said it hired a financial advisor to look into actions that could "maximize shareholder value." That includes a potential sale, M&A, divestiture of assets, licensing or other strategic transactions. It may also seek additional financing.
Without a transaction, Pear said it may need to reorganize, liquidate or pursue other types of restructuring.
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Regulators force Silicon Valley Bank Canada into liquidation, paving way for auction (BETAKIT)
The order was approved on Wednesday after The Office of the Superintendent of Financial Institutions Canada (OSFI) took over permanent control of SVB Canada.
OSFI said the restructuring is meant to be done "in a way that best serves the interests of its creditors and will allow operations of the Silicon Valley Bank to continue in Canada."
Perspectum completes $55 million series C to improve metabolic disease diagnosis (MEDCITY NEWS)
Founded in 2012, Perspectum makes medical imaging tools designed to improve the diagnosis of metabolic diseases and cancer. The new financing brings Perspectum’s total funding to date to about $140 million.
As regulators take over SVB Canada, companies still have questions about impact (BETAKIT)
Beyond companies with SVB Canada lines of credit, SVB's collapse is set to impact startups that have their US banking with SVB, or ostensibly Canadian companies that are legally domiciled in the US for tax purposes and use SVB.
Google flexes its health care AI muscle (AXIOS)
Google showed off an array of new artificial intelligence (AI)-driven health care tools on Tuesday, from a souped-up chatbot that can shed light on your medical symptoms to enhanced search features that tell you if a doctor takes Medicaid.
CVCA CEO: Tech still needs influx of capital given possible investor pullback, even as liquidity concerns calm (BETAKIT)
After SVB was shut down, CVCA CEO Kim Furlong and a host of other industry leaders called on the feds to quell a possible “full-blown” liquidity crisis in the country’s tech sector. While Furlong admits regulators have assuaged SVB liquidity concerns for now, she argues the need remains for the government to hasten its spending given the downturn and fears of further investor pullback.
Culling the health tech herd (POLITICO)
The threat of economic cataclysm is in the air, following the failures of Silicon Valley and Signature banks. For digital health companies, the growing sense of gloom follows a bleak 2022 during which venture capital investment in them fell by more than half, according to a report from industry analyst Pitchbook.
Jonathan Bush's Zus Health scores $40M, inks partnership with Elation Health (FIERCE HEALTHCARE)
The Zus platform is centered around the Zus Aggregated Profile, or ZAP, which represents a single, comprehensive and actionable view of a patient's healthcare information, according to the company. With the latest financing, the startup plans to add unique data sources to its platform along with workflow and referral solutions and integration pathways to enable healthcare providers to leverage external patient data and collaborate around a shared patient record.
Venture funding surged in Québec and Alberta tech sectors over 2022, bucking national trend (BETAKIT)
According to new data from briefed.in, Alberta tech companies raised a collective $675 million in 2022, an 89 percent increase from 2021 and a 121 percent increase from 2020. In Québec, venture funding totalled $2.3 billion in 2022, a 21 percent increase from 2021 and a 76 percent increase from 2020.
India’s HealthPlix raises $22M to accelerate growth and enhance healthcare delivery (TECHCRUNCH)
Labelle is focused on meeting with ecosystem players to understand where BDC's Lab might be able to fill gaps for women-led companies. She noted that the Lab will likely work with partner organizations—from support groups and accelerators to venture funds—on education and co-investment opportunities.
Founded in 2014, the startup has already empowered more than 10,000 doctors who treat 2.5% of the country’s entire population using the proprietary software. It aims to serve over 25,000 doctors by 2024 and reach 50,000 by 2025 to treat nearly 15% of the Indian population.
CAN Health Network to serve all of Canada with Québec, northern territories expansion (BETAKIT)
With $30 million in funding from the federal government, CAN Health operates through a regional model that allows the organization to work across regional boundaries to identify shared problems and priorities, and connect health operators across the country interested in similar tech solutions.
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