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May 13, 2022 09:17 AM

Digital health funding and deals roundup: General Catalyst, Intermountain form partnership

Gabriel Perna
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    Intermountain Health

    Utah-based health system, Intermountain Healthcare and venture capital firm, General Catalyst are partnering to develop and scale technology that accelerates value-based care. Through the partnership, Intermountain will have access to companies that are in General Catalyst’s Health Assurance Network, which is dedicated to creating a “proactive, resilient and equitable system of care.” The companies include Transcarent, Olive, Sprinter Health and Commure. It’s the second collaboration that General Catalyst has announced with a health system. In October, it formed a partnership with Jefferson Health.

    Clover Health prepares for another $300 million capital raise

    Bon Secours Mercy Health, a Cincinnati-based Catholic health system, launched a digital holding company. Accrete Health Partners will aim to create a formal structure for the organization's digital health services, investments and partnerships. Jason Sczuka, Bon Secours’ chief digital officer, will lead Accrete. 

    PatientIQ raises $20 million

    Kaiku Health, a Finnish-based digital therapeutics platform company in cancer care, and Roche, the Swiss-based pharma giant, entered a strategic partnership in digital patient monitoring and management. Kaiku Health and Roche aim to deploy digital tools to provide real-time symptom management by patients at cancer clinics. The companies will explore how digital patient monitoring affects clinical outcomes. 

    Other funding rounds and deals:

    •    Osmind, which offers EHRs for mental health providers, announced a $40 million Series B funding round.
    •    Fosanis, an AI-powered healthcare coaching app, raised $11 million in a Series A funding round 
    •    SimpliFed, a virtual breastfeeding and baby feeding supporting service, raised a $6 million seed round.
    •    Reverence, an AI-powered home healthcare coordination platform, raised $9.5 million in a funding round.
    •    Reverance also acquired Hirehand, an AI-powered healthcare appointment scheduling platform.
    •    OncoHost, an AI-powered decision support platform for cancer therapy, raised $35 million in a Series C funding round.
    •    evolvedMD, a behavioral health staffing technology company, raised a $5.4 million in a Series A funding round.
    •    Med-Metrix, a revenue cycle management software company for healthcare organizations, acquired PatientPal, a patient-facing revenue cycle management software company. 
    •    Anja Health, a personalized doctor-backed stem cell safe startup, announced a $4.5M seed funding round.
    •    Turquoise Health, a healthcare cost comparison platform, raised $20 million in a Series A funding round.
    •    Mahmee, a telehealth company, raised $9.2 million in a Series A funding round.
    •    Legacy, a digital fertility clinic for men that allows users to order a fertility test kit, raised $25 million in a Series B funding round.
    •    Health Catalyst, a healthcare data analytics company, acquired ARMUS, a generic clinical registry platform.


    If there is a digital health funding or M&A deal that we missed from this past week here, please email us.

    Digital Health Business & Technology’s data team contributed to this roundup.
     

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