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As COVID-19 spread, Staffy swiftly shifted focus to healthcare and hired Sharon Lee Smith, a leading healthcare executive, as COO.
Portable diagnostics company Cue raises $200M in IPO (MED CITY NEWS)
The diagnostics company currently has an authorized at-home Covid-19 test, and plans to expand into flu tests and other diagnostics.
WELL Health filing indicates company may raise up to $500 million to support acquisition strategy (BETAKIT)
Over the past month, WELL Health has announced plans to acquire a majority stake in American digital pharmacy startup Wisp, and acquire North York-based Aware MD, which provides a platform for managing EMRs.
A hospital hit by hackers, a baby in distress: the case of the first alleged ransomware death (WALL STREET JOURNAL)
A lawsuit says computer outages from a cyberattack led staff to miss troubling signs, resulting in the baby’s death, allegations the hospital denies.
Following Series A raise, Medchart adds VP of product design to support product development, expansion (BETAKIT)
“When you look at [Medchart’s] mission, when we think about being able to essentially impact lives, save lives, build a business that helps entrepreneurs build their business, it’s just super exciting,” Callahan told BetaKit.
Telehealth has rapidly expanded. But companies are still struggling to reach rural populations (STAT NEWS)
Despite the wide-ranging expansion of telehealth in the past year, there is still a broad swath of the U.S. population it has largely failed to reach: the 57 million people in rural parts of the country.
The funding is earmarked for developing sales relationships with major healthcare institutions in Canada and the United States, as well as hiring a commercialization team, and covering costs associated with approval processes for medical technologies.
This new round of funding brings the company’s total raise to $250 million.
PhenoTips, which was formerly known as Gene42, was founded in 2014 as part of a University of Toronto and SickKids research project.
Wayspring banks $75M funding round with investment from Centene, Highmark (FIERCE HEALTHCARE)
Wayspring, formerly axialHealthcare, operates a value-based, medical home model for substance abuse disorder treatment. The company said it plans to use the investment to further scale up its model.
Funds from this current round of financing will allow 3D BioFibR to focus on automating its manufacturing process to be ready for first market sales in the second half of 2022.
DeepMind found itself in the spotlight in 2016 when the New Scientist reported that its collaboration with the U.K.’s National Health Service went beyond what was publicly announced.
Dating back to the 1990s, QR code technology was originally developed for the automotive industry before disappearing. Thanks to the pandemic, they are now making a comeback, although data security and privacy concerns have emerged.
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