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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.
Machine-learning systems from the company and from a rival academic group are now open source and freely accessible.
The move comes after closing a previously announced $90 million initial public offering (IPO) and a $35 million secondary offering.
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.
Digital diet and wellness company Noom led last quarter’s funding with $540 million in Series F investments.