Weekly News Roundup: February 8, 2019
Healthcare Tech Funding in the News
Healthcare tech companies have been capturing the attention (and pocketbooks) of investors this week. Namely, Health Catalyst (ahem) reached unicorn status with a $1 billion latest valuation, Devoted Health–a start-up selling health insurance to seniors–raised $300 million at a $1.8 billion valuation, healthcare startup Lytic got a funding boost to help patients pinpoint their health condition and get the next steps for obtaining care, and Healthy.io raised $18 million to bring smartphone urinalysis technology to the U.S.
Cloud Unicorn: Health Catalyst Reaches $1 Billion Valuation Sifting Through Hospitals’ Data
Health Catalyst, a data analytics provider to hospitals, has raised $100 million in debt and equity financing, tipping the Salt Lake City startup’s valuation to more than $1 billion, the company announced Thursday. Read More
Devoted Health, a Start-Up Selling Health Insurance to Seniors, is Worth $1.8 Billion
The team behind Castlight Health and Athenahealth, both public companies in health-tech, are onto their next billion-dollar venture. Devoted Health, a health insurance start-up targeting seniors, is now valued at $1.8 billion, people familiar with the matter told CNBC, after raising $300 million in fresh capital earlier this week. Read More
Healthy.io Raises $18M to Bring Smartphone Urinalysis Tech to U.S.
Chronic kidney disease is a deadly and expensive disease. More than 100,000 Americans develop kidney failure each year and the costs to Medicare for the condition annually are roughly $144 billion. Read More
Healthcare Startup Lytic Uses AI to Direct Patients to the Best Care
Adeel Malik and Bilal Naved founded Lytic to help patients pinpoint their health condition and get the next steps for obtaining care. In December 2018, the startup got a boost. Lytic won the Health Tech Venture Challenge hosted by the health tech incubator MATTER and Advocate Aurora Health, taking home $10,000 in funding and kicking off a collaboration with the Advocate Aurora Health system. Read More
Novel Nanoparticle Technology to Identify Healthcare-Associated Infections Receives $1.5 Million
Healthcare-associated infections are the fourth leading cause of death in Canada, predicted to move up to second place by 2050. Scientists at the Leslie Dan Faculty of Pharmacy, University of Toronto received $1.5 million in funding from … Read More
Health Catalyst Hits $1 Billion Valuation With Latest Financing
Few digital-health companies have joined the billion-dollar startup club. For those that have, it has been a long road. From primary-care startup One Medical to consumer genomics giant 23andMe Inc., most take about a decade to become members. Health Catalyst Inc. became the latest. Read More