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!
Telus to buy digital-health firm LifeWorks for $2.3B (BNN BLOOMBERG)
Telus will pay $33 for each LifeWorks share and is offering the option to take cash or stock or a mix of the two. It’s about an 80 percent premium to where LifeWorks closed in Toronto on Wednesday.
IntelliSports develops gaming technology using artificial intelligence (AI) and sports analytics. The company currently has two offerings: PlayFitt, as well as Klutch Curling, a software-based platform that can track curling stones through its mobile app.
ResMed to acquire German out-of-hospital software company Medifox Dan for $1 billion (MOBIHEALTH NEWS)
The company will continue to operate as its own brand, and ResMed plans to keep its employees, management structure and locations. Dr. Thorsten Schliebe and Christian Städtler, Medifox Dan’s co-managing directors, will stay in their roles and report to Bobby Ghoshal, ResMed’s software as a service (SaaS) president.
Startup Luxembourg wants Canadian founders to know its country is a gateway to the European market (BETAKIT)
Leaders of Startup Luxembourg, the brand for the country’s tech ecosystem, are on a trade mission to Canada, including a stop at Collision 2022, to entice Canadian founders to launch in Europe through Luxembourg.
Open and connected, Luxembourg is seen as a neutral location at the heart of Europe, making it easy for you to gain a foothold on the culturally diverse European markets.
With almost 50% of its population coming from abroad, Luxembourg is multicultural and multilingual, attracting numerous international companies as well as the best talent.
It is your base for growth in Europe. Learn more here!
Aidoc nearly doubles funding with $110M haul for CT scan-reading AI (FIERCE BIOTECH)
Aidoc is on quite the hot streak. Just about two months after racking up its ninth FDA clearance for an artificial intelligence-powered radiology tool, the Israeli startup has re-upped its annual tradition of raising tens of millions of dollars.
In an interview with BetaKit, Puri described the typical patient transfer process as “pretty crude,” adding that it can cause pain to patients and result in hospital staff experiencing injuries. Amid an already short-staffed healthcare system during COVID-19, the issues associated with this routine task have become magnified.
When Loiacono and his team founded Capital Rx in 2017, he said they set out not only to reduce costs in the prescription marketplace, but also to “define the electronic infrastructure to process claims over the next 50 years.”
Last year, we saw many tech companies forgo private capital raises, opting for a public launch instead. After a sleepy decade averaging approximately one tech IPO a year, 16 tech companies with offering sizes larger than $50 million debuted on the Toronto Stock Exchange during this period of explosive activity.
But markets oscillate, and like a pendulum, it has swung the other way, with private market growth capital once again the pathway of choice for tech firms.
Chinese residents are required to have the health app, which displays a code indicating their health status, including possible exposure to COVID-19. A green code is required to use public transportation and to enter locations such as offices, restaurants and malls. But some depositors at the banks in central Henan province said their codes were turned red to stop them.
Doctor-founded Cherry Health closes $1.23 million to expand job-matching platform for physicians (BETAKIT)
According to Dr. Jordan Vollrath, Cherry Health’s co-founder and CEO and a practicing family physician, everyone in the medical space “relies on this steady flux of locums.” Vollrath likened this process to how classrooms operate by using substitute teachers. “If you just shut down the doors, people start getting sick, things fall apart quickly, so you’ve got to have this constant relief support to take care of things in your absence,” Vollrath told BetaKit in an interview.
Proximie secures $80M to expand platform that connects surgeons virtually to operating rooms (FIERCE HEALTHCARE)
The investment came in a series C round, which was led by Advent Life Sciences alongside participation from several new investors including Emerson Collective. Existing investors including F-Prime Capital and Global Ventures also participated. It brings the company’s total fundraise to date to $130 million.
Subscribe to The Healthtech Times
Don’t forget to subscribe to The Healthtech Times using the form below to make sure it hits your email inbox every week!