PointClickCare continues growth through acquisition with American HealthTech purchase
American HealthTech was divested by previous owner CPSI.
Healthtech
1QBit spinout Good Chemistry acquired by SandboxAQ
Good Chemistry’s CEO and team will join SandboxAQ’s simulation teams.
H|T: The Healthtech times – Custom Health to go public via SPAC at $185 million valuation
Plus: 23andMe says maybe you should’ve changed your password.
Clinia secures Series A funding, partnership with Telus Health to deploy its search tech
CEO says endorsement from Canada’s largest healthtech player gives Clinia “visa” it needs to catch big US fish.
BenchSci trims headcount citing generative AI, economic conditions
BenchSci confirmed to BetaKit that it laid off 17 percent of its workforce.
Social Finance Fund-backed Realize Capital Partners reveals first nine investments
Recipients include Idealist, Maple Bridge, PaceZero, Raven, Relentless, and The51.
MedEssist’s Joella Almeida on going slow with AI in healthtech
AI’s accuracy problem could spell trouble for patients and practitioners.
H|T: The Healthtech Times – SmileDirectClub shuts down shortly after declaring bankruptcy
Plus: The silly things women’s health entrepreneurs hear from male VCs.
H|T: The Healthtech Times – Healthtech startups among targets of Sixty Degree Capital’s new $338-million CAD fund
Plus: Medtronic’s $738 million acquisition is cancelled.
Vistara Growth secures $200-million CAD initial close for fifth private credit fund
Vistara sees opportunity post-SVB as bank lenders, VCs pull back.
H|T: The Healthtech Times – New Spring Impact Capital fund targets early-stage healthtech startups
Plus: AbCellera decimates staff in biotech slump.
Nicotine addiction treatment tech startup Ditch Labs acquires IP assets of French firm Enovap SAS
Acquisition comes nine months after Ditch Labs secured $3.25 million CAD in seed funding.
Sixty Degree Capital closes $338 million CAD for third venture fund
The new fund looks to invest in enterprise software and healthtech startups.
Two years after Graphite Ventures spinout, MaRS IAF is ready to invest again
With new hires, managing director says IAF has achieved “critical mass.”
H|T: The Healthtech Times – PointClickCare’s Mike Wessinger on how Canada’s tech sector stacks up globally
Plus: Semantic Health acquired by US-based AAPC.