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!
BC’s Kardium raises $115 million USD for heart device technology (BETAKIT)
Kardium, a British Columbia-based medical device company, has secured $115 million USD from Fidelity Management and T. Rowe Price Associates.
Up to $200K in non-equity funding for startups: apply now!
February 3rd, 2021 is the deadline to apply for Ryerson Venture Zone in Brampton’s incubator and access 1 of 10 Fellowships to grow your healthtech startup. This seven month program is completely free of charge and provides funding with no strings attached – no equity or intellectual property taken!
Receive mentorship from the best-in-class entrepreneurs and acquire your first customer by engaging in pilot opportunities with industry partners such as Dynacare, William Osler Health System and SE Health.
Amid the pandemic’s mental health bump, this startup is worth more than $2B (FAST COMPANY)
Lyra Health, a mental health care provider of both telehealth services and in-person counseling, is quickly becoming a Silicon Valley darling.
DarioHealth buys into MSK with Upright Technologies acquisition and announces $70M private placement (MOBIHEALTHNEWS)
The $31 million purchase will add new capabilities to DarioHealth’s condition management and behavior change platform.
City of Kingston, Cloud DX receive funding from FedDev Ontario for healthtech innovations (BETAKIT)
The financings include $3 million to establish a “health innovation ecosystem” in Kingston and $500,000 for Cloud DX to export its virtual care solution.
Google commits to expanding distribution of COVID-19 vaccine (FORBES)
The company will provide over $150 million in grants to promote vaccine education, mostly through the form of ad grants provided to the World Health Organization, CDC Foundation and nonprofits globally.
Athenahealth to pay $18M to settle claims it provided kickbacks to generate EHR sales (FIERCE HEALTHCARE)
The Watertown, Massachusetts-based developer of electronic health record (EHR) services was accused of violating the FCA and the Anti-Kickback Statute through three marketing programs.
Why TD let its co-ops lead new product development (BETAKIT)
Chris Halabecki, the Lab Leader at TD Lab, and Charly Bax, summer co-op explain how TD Lab built a new product driven entirely by – and for – students.
Insurtech Sidecar Health scores megaround to become a unicorn (BUSINESS INSIDER)
Sidecar Health has raised $125 million for its cheap and transparent health insurance coverage.
What went wrong with America’s $44 million vaccine data system? (MIT TECHNOLOGY REVIEW)
The CDC ordered software that was meant to manage the vaccine rollout. Instead, it has been plagued by problems and abandoned by most states.
How SaaS startups move from seed to scale (BETAKIT)
A recent webinar by Sage Intacct explains the key growth metrics SaaS startups need to move from seed stage to growth stage.
Sharecare acquires Doc.ai, reportedly plans to go public via SPAC (MED CITY NEWS)
Sharecare, a digital health startup created by Web MD founder Jeff Arnold and Dr. Mehmet Oz, is reportedly in talks to go public through a merger with a special-purpose acquisition company.
As it hits $100 million run rate, The Pill Club adds former Uber exec Liz Meyerdirk as CEO (TECHCRUNCH)
The move comes at a perilous time for the remote delivery of women’s healthcare as the Supreme Court has taken steps to limit the provision of sexual healthcare to women in recent months.