H|T: The Healthtech Times – Senior health initiative gets $47 million SIF investment

Elderly care
Plus: Former Theranos COO Sunny Balwani sentenced to nearly 13 years in prison.

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MedTeq, Age-Well receive $47 million from SIF to deliver tech meant to help seniors, caregivers (BETAKIT)

The funding was made through the Strategic Innovation Fund. It will be allocated towards envisAGE Network’s goal to launch up to 100 projects to scale up and commercialize technologies developed by small and medium-sized enterprises (SMEs).

Upstream Nabs $140M To Provide Value-Based Care (CRUNCHBASE)

North Carolina-based Upstream is betting on a new kind of health care system the U.S. has only recently started to embrace: Value-based care, which determines how much health care costs based on how effective it is, rather than how much a service costs.

Perceiv AI raises $1.5 million to better predict the progression of diseases (BETAKIT)

Investors in the round included the Centre for Aging + Brain Health Innovation, Plug and Play Ventures, Boreal Ventures, IKJ Capital, Red Abbey Labs, Investissement Quebec, and a number of undisclosed angel investors. The closing date of the round was also not disclosed.

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Temasek backs India’s HealthKart in $135 million funding (TECHCRUNCH)

Temasek led the Gurgaon-headquartered firm’s Series H funding, valuing the 11-year-old startup at about $350 million. The startup, which also counts Sequoia India, Sofina and IIFL among its backers, has raised about $225 million to date, according to market research firm Tracxn.

Think Research reports increased revenues, debt in Q3 (BETAKIT)

That money translated into $8.9 million after transaction costs. During the first nine months of 2022, cash allocations included payments of $2.4 million on lease liabilities, $2.3 million for finance costs, and investments of $2.9 million in intangible assets.

OneStudyTeam lays off about a quarter of its workforce (MOBIHEALTHNEWS)

"We can confirm that we made the very difficult decision to let some of our team members go. Each and every person played a role in building OneStudyTeam, and we are grateful for their contribution to our mission of accelerating the development of lifesaving therapies for patients. We concluded that we need to restructure our team going into 2023 to streamline operations after a period of extremely rapid growth and hiring," a company spokesperson told MobiHealthNews in an email.

Former Theranos COO Sunny Balwani sentenced to nearly 13 years in prison (CNBC)

Former Theranos Chief Operating Officer and President Ramesh “Sunny” Balwani was sentenced to nearly 13 years in prison Wednesday for fraud, after the unraveling of the blood-testing juggernaut prompted criminal charges in California federal court against both Balwani and Theranos founder Elizabeth Holmes, who on Nov. 18 was sentenced to more than 11 years in prison.

During the sentencing hearing, attorneys for Balwani attempted to pin the blame on Holmes, telling U.S. District Court Judge Edward J. Davila that “decisions were made by Elizabeth Holmes.”

Provincial government taps Novari Health to help reduce pandemic-fuelled surgical backlog in Eastern Ontario (BETAKIT)

The hub, which will service Eastern Ontario, is designed to improve the coordination of surgical services between Ottawa Region hospitals. The hope is that some patients may be able to receive surgery more quickly at another hospital with greater capacity through the new software platform.

Consumer demand for more digital security is up post-Roe. Can femtech deliver on it? (FIERCE HEALTHTECH)

Since the fall of Roe v. Wade, concerns about digital tracking have grown as consumers abandon their usual femtech apps in search of better privacy. Prosecutors can weaponize health app data, alongside other digital trails of data, in cases related to abortion.

Montréal Startup Community Awards 2022 honours #MTLtech’s best and brightest (BETAKIT)

Over 300 peer nominations were received with a selection committee shortlisting five to 10 finalists for each category. The awards were handed out at the Gala de la Communauté Startup on December 1.

Amazon to End Support Next Week for Third Party Healthcare Alexa Skills with HIPAA Requirements (VOICEBOT.AI)

“There was no advance warning, just the email today,” said a developer that created an Alexa skill with personal data governed under U.S. HIPAA guidelines. Amazon’s latest reshuffling of Alexa-related priorities has led the company to end what it calls 3P HIPAA-eligible skills.

Elemy Lays Off Staff As it Winds Down Direct Care for Platform Business (BEHAVIORAL HEALTH BUSINESS)

The San Francisco-based behavioral health tech startup declined to specify how many roles were impacted. The layoffs are part of its evolution from tech-backed autism service provider to a near-pure play software company, Elemy CEO Yury Yakubchyk told Behavioral Health Business.

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Michael Edgar

Michael Edgar

Michael is a multimedia journalist working out of the U.K. and a staff writer for BetaKit.

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