Tebra, a digital platform for independent healthcare providers, closed a $72 million dollar funding round. The funding pushes the Newport Beach-based company’s valuation beyond $1 billion. Capital will be used for developing and launching product lines, expanding market share and creating new branding while advancing merger plans. The company works with more than 100,000 providers in the United States. The round was led by Golub Capital.
Cardinal Health, a Dublin, Ohio-based, healthcare distributor, manufacturer and data solutions provider, announced it acquired ScalaMed, a HIPPA-compliant platform that transfers prescriptions to patients via a mobile app. ScalaMed’s technology will be offered through Cardinal Health’s nationwide pharmacy network. Terms of the deal were not disclosed.
Lotus Bio-Technology Development Corp., acquired Boomerangkit.com, a diagnostic lab test company, and its parent company Focal Point, and plans to combine the businesses.
More deals and funding rounds:
Zyla Health, an AI-based healthcare management platform, raised $1 million in seed funding.
HALEO, a virtual care solutions provider, raised $4 million in a seed-extension round.
Holly Health, a digital self-care app focused on mental health, raised $1.7 million.
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.