H|T: The Healthtech Times – The telehealth party is “winding down”


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!

Think Research to acquire BioPharma Services for $44.6 million (BETAKIT)

Think Research recently increased its credit facility to pursue more acquisitions and saw record revenue in Q1 2021.

HeartFlow pumps up its AI-powered heart disease test with planned $2.4B SPAC deal (FIERCE BIOTECH)

In total, HeartFlow will rack up an estimated $709 million, split between the gross proceeds of Longview’s trust holdings and a repurchase of up to $110 million in equity shares from HeartFlow’s existing backers and employees.

DeepMind’s AI for protein structure is coming to the masses (NATURE)

Machine-learning systems from the company and from a rival academic group are now open source and freely accessible.

LifeSpeak goes public on TSX, closes $125 million public offering (BETAKIT)

The move comes after closing a previously announced $90 million initial public offering (IPO) and a $35 million secondary offering.

Provider-led data company Truveta raises $95M, adds 3 new health system members (MED CITY NEWS)

Launched by 14 health systems in February, the data analytics company building a repository of de-identified data will use the funds to develop its platform that aims to support clinical decision making and drug development.

‘The party is winding down’: States and insurers resurrect barriers to telehealth, putting strain on patients (STAT NEWS)

Telemedicine is here to stay. But its free-for-all era may be coming to an end.

Esplanade HealthTech Ventures highlights Fund I portfolio growth as firm prepares to raise Fund II (BETAKIT)

To date, Esplanade has invested in 13 companies through Fund I, including Canada’s BrainBox AI, Carebook, and GenXys.

Microsoft taps Teladoc to integrate telehealth into Teams app (FIERCE HEALTHCARE)

In April, the tech giant also released the first update for its Microsoft Cloud for Healthcare, which included a new Microsoft Teams and Epic EHR integration.

Startup making AI tools to assist radiologists gets $66M (MED CITY NEWS)

Aidoc, a Tel Aviv-based startup building a suite of decision support tools for radiologists, raised $66 million in funding.

Q2 wraps up with more than $6.2 billion in digital health investments (MOBIHEALTHNEWS)

Digital diet and wellness company Noom led last quarter’s funding with $540 million in Series F investments.

Josh Scott

Josh Scott

Josh Scott is a BetaKit reporter focused on telling in-depth Canadian tech stories and breaking news. His coverage is more complete than his moustache. He was also the winner of SABEW Canada’s 2023 Jeff Sanford Best Young Journalist award.

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