General Catalyst is partnering with Guy’s and St Thomas’ NHS Foundation Trust in London. KHP Ventures, the commercial innovation partner of the Guy and St. Thomas Trust, will actively collaborate with General Catalyst to invest in medtech companies that address the National Health Service’s clinical priorities. As part of the agreement, hospitals within this organization can access General Catalyst’s health assurance network of companies. General Catalyst has partnered with U.S.-based health systems, including Intermountain, Jefferson Health and WellSpan.
CityBlock Health is launching in Indiana through a partnership with MDWise, the state’s largest Medicaid managed care organization. The partnership will add 100 jobs in the state. CityBlock provides telehealth, remote monitoring and in-person primary care to underserved populations. The ‘unicorn’ has accumulated nearly $900 million in funding, including a $400 million Series D round in September 2021. Along with Indiana, it operates in New York, Connecticut, Massachusetts, Washington, D.C., North Carolina and Ohio.
Concord Health Partners, a healthcare focused investment firm, closed a $150 million fund. The Innovation Fund II will build on Concord’s strategy of investing in healthcare companies with innovative technologies and solutions that enhance the value of care through lower costs, improved quality and expanded access. It will focus on growth stage investments.
Blue Cross Blue Shield of Massachusetts is partnering with digital health startups Carbon Health and Firefly Health to launch a virtual primary care product. Eligible members have access to virtual primary care with integrated mental health and access to in-person care with in-network providers when needed. They can choose a virtual primary care provider through either Carbon or Firefly.
Other deals and rounds:
• The University of Maryland School of Pharmacy and Komodo Health announced a partnership on usage of real-world data.
• CURE, a German-based telehealth start-up, closed a $15 million Series A funding round.
• Zócalo Health, a virtual care platform, raised $5 million in seed funding.
• Immunify.Life, an AI-powered health management data platform, raised $2 million in seed funding.
• Incepto, an AI-powered medical imaging platform, raised $27 million in a funding round.
• Dyania Health, an AI-powered computational-based platform to identify patients who match a complex set of criteria to participate in clinical trials, raised $5.3 million in seed funding.
• McKesson, a healthcare technology and device company, acquired Rx Savings Solutions, a prescription price transparency and benefit insight company.
• Lyfegen, a software analytics platform for health insurances, pharma, medtech & hospitals, raised an $8 million Series A financing round.
• Savvos Health, an online healthcare marketplace for patients, payors, and providers to find affordable prices, schedule care, and simplify payment primarily for elective outpatient procedures, raised $1 million in pre-seed funding.
• Pattern Health, a digital health company, closed on a $3.3 million series A funding round.
• SpendMend, a cost savings solutions company, closed on a round of strategic investments from Spectrum Health Ventures and Memorial Hermann Health System.
• Bicycle Health, a virtual care start-up providing evidence-based opioid use disorder treatments, raised $5 million in a Series B funding round.
• Surge, an AI-powered precise immune stress test technology used to identify patients at risk for postoperative complications, raised $2.6 million in a funding round.
• XpertDox, an AI-powered autonomous medical coding solution that accelerates the revenue cycle for the healthcare industry, raised $1.5 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.