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 launches venture arm, announces investment in Bright (BETAKIT)
The deal is one of the latest in a long line of acquisitions for WELL, which has previously acquired Ontario’s Intrahealth, Ottawa-based ExecHealth, Vancouver’s CRH Medical, and Toronto-based Adracare.
Sema4 goes public via SPAC merger (MED CITY NEWS)
The company, which offers tools that combine genomic and clinical data to glean patient care insights, will get $500 million in cash proceeds to grow its business.
Think Research to acquire BioPharma Services for $44.6 million (BETAKIT)
Think Research recently increased its credit facility to pursue more acquisitions and saw record revenue in Q1 2021.
Carbon Health banks another $350M to become ‘largest primary care provider in the U.S.’ (FIERCE HEALTHCARE)
Led by Blackstone’s Horizon platform, the new investment will help the startup capitalize on its pandemic growth and add new technologic capabilities to its existing digital offerings.
What to do when over 300,000 people count on your old code for their pension (BETAKIT)
BetaKit spoke with the Jonah Group about completing a massive digital transformation project for a major Canadian pension plan during a global pandemic.
Take two: Ottawa’s Turnstone Biologics raises US$80-million in second try to develop cancer drugs (THE GLOBE AND MAIL)
A drug developer founded by Canadian researchers has raised US$80-million from leading U.S. life sciences investors to fund its second attempt to develop innovative cancer-fighting drugs.
Following string of exits, Rhino Ventures expands focus across Canada for third fund (BETAKIT)
One of the biggest winners from the firm’s portfolio is online education platform Thinkific, which completed a $184 million IPO on the Toronto Stock Exchange in April.
Indian AI-enabled health and fitness app HealthifyMe set for North America expansion with $75M investment (MOBIHEALTHNEWS)
The company also intends to set up offices in the San Francisco Bay Area and Southeast Asia.
LifeSpeak goes public on TSX, closes $125 million public offering (BETAKIT)
The move comes after closing a previously announced $90 million initial public offering (IPO) and a $35 million secondary offering.
France’s Eurazeo announces €1.6bn growth fund (SIFTED)
The French asset manager’s growth team has backed European unicorns such as Doctolib and Glovo.
Technical debt: the other innovator’s dilemma (BETAKIT)
Microsoft Canada CSO Kevin Magee argues startup founders need to prioritize security, privacy, and compliance from the start, lest they come back to haunt them.
Is the UK’s pingdemic good or bad? Yes. (MIT TECHNOLOGY REVIEW)
A COVID surge was meant to be the moment that digital contact tracing apps finally came into their own. So why are so many Britons turning sour on the technology?
Esplanade HealthTech Ventures highlights Fund I portfolio growth as firm prepares to raise Fund II (BETAKIT)
To date, Esplanade has invested in 13 companies through Fund I, including Canada’s BrainBox AI, Carebook, and GenXys.