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 raises $70 million of target $500 million from bought deal offering (BETAKIT)
Vancouver-based WELL Health Technologies has raised $70 million from a bought deal offering of convertible debentures to support its acquisition strategy.
How tech can promote a collaborative, patient-centric approach in healthcare
“Innovation is not just about technology. It’s the mechanism by which you organize and sequence how you actually deliver healthcare, and how to actually understand the patient-doctor relationship.”
In an interview with BetaKit, Saleema Khimji, the Chief Innovation Officer at MCI Onehealth, shared how the current siloed ecosystem of researchers, governments, and private sector companies can fail patients – and why a new patient-centric model based on collaboration needs technology to thrive.
In competitive market for MSK, Sword valued at $2B (MED CITY NEWS)
Sword Health, one of several companies looking to take a digital approach to musculoskeletal care, recently closed an oversubscribed $163 million series D round, giving it a $2 billion valuation.
Gotcare, Nectar raise seed funding supported by Telus’ corporate impact fund (BETAKIT)
The two Canadian tech firms aim to help address a pair of particularly pressing social and environmental issues.
Rocky road ahead for Talkspace as COO resigns following internal review, stock value plummets (FIERCE HEALTHCARE)
It’s been a tumultuous two weeks for teletherapy company Talkspace as three key executives have left, its stock has tumbled and now shareholder rights law firms say they are investigating potential claims that the company’s officers and directors violated federal securities laws.
Dax Dasilva on using Lightspeed learnings to address the world’s climate crisis (BETAKIT)
Dasilva, one of the most outspoken CEOs in Canadian tech regarding social issues, stressed the importance of leading by example, embracing discomfort, and giving back during the November Patreon-exclusive BetaKit Live event, titled “Dax Dasilva on making a difference.”
Patient communication platform Luma Health raises $130M (MOBIHEALTHNEWS)
The Series C brings its total raise to $160 million.
Tech4SickKids e-auction raises $50,000 towards $25 million goal to modernize SickKids hospital (BETAKIT)
The $50,000 came from the e-auction as well as sponsors, including CIBC Innovation Banking, Uberflip, Interac, Osler, Silicon Valley Bank, Vidyard, Wavy, and AmberMac Media Inc.
Bain, Hellman & Friedman near deal to buy Athenahealth (WALL STREET JOURNAL)
The proposed deal is said to be worth about $17 billion including debt.
Spring Health burnout culture led employees to quit, sources say
April Koh built a $2 billion mental-health startup by age 29. Current and former employees say she led a fast-paced culture that created panic and fear.
BetaKit Live: How to drive growth and innovation through impact investing (BETAKIT)
In the next BetaKit Live on Thursday December 2, leaders from TELUS Pollinator Fund for Good, the Global Impact Investing Network, and Gotcare explain the corporate venture capital and impact investing space.
UK-based mental health provider ieso raises $53M armed with an ‘unprecedented’ data set (TECHCRUNCH)
In other words, AI trained on thousands of hours of real-life therapy that can provide personalized sessions, over chat.
TSXV-listed CloudMD to acquire TSX-listed MindBeacon in $116 million deal (BETAKIT)
Less than a year after going public on the Toronto Stock Exchange (TSX), Toronto-based digital mental health startup MindBeacon has agreed to be acquired by TSX Venture Exchange-listed Vancouver software firm CloudMD.
Telus’s move into health care could be a boost for its bottom line. But for CEO Darren Entwistle, it’s personal (THE LOGIC)
“I have every confidence that we are on the cusp of a friendlier future.”
Lawsuit: ClassPass built fitness empire on thousands of ‘fake’ partnerships (VICE)
Wellness boutiques say they dealt with angry customers, injured reputations, and potentially dangerous situations after ClassPass listed them without consent.