Voya Financial, an investment company, acquired cloud-based benefits company, Benefitfocus for approximately $570 million. The all-cash deal valued the Benefitfocus at $10.50 per share. The deal is still subject to regulatory approval.
Exclusive: Children’s hospitals partner on digital health initiative
Valera Health, a mental health provider serving high acuity patients, announced the close of a $44.5 million growth equity round led by healthcare-focused private equity fund, Heritage Group. Cigna Ventures and Horizon Healthcare services also participated.
Hackensack Meridian Health partners with General Catalyst
Southern California Kidney Consultants and Denver-based Strive Health, a kidney care company, partnered on a Medicare beneficiary care arrangement in the region. The partnership includes 21 providers and will allow the pair to form a joint entity contracting with Medicare, Medicare Advantage and independent physician associations.
Investors see opportunity in startups treating serious mental illnesses
Floreo, a behavioral health company that develops virtual reality technology, has announced a $10 million Series A funding round. The round was led by Tenfore Holdings with participation from the Felton Group, the Autism Impact Fund and the Disability Opportunity Fund.
More deals and funding rounds:
Options MD, a telehealth start-up providing treatment-resistant depression care, raised $2.35 million.
Wellin5, a virtual counseling provider, closed a $2 million seed round.
MedCrypt, a cybersecurity solution for medical devices, raised $25 million in Series B funding.
OncoPrecision, a precision oncology platform, closed a $3.3 million seed round.
Tiny Health, a home health testing company, secured $4.5 million in seed funding.
Exer Health, a digital MSK platform providing remote patient monitoring, raised $6.5 million.
Carta Healthcare, a clinical data and analytics platform, raised $20 million in Series B funding.
Neurotrack, a digital wellness platform focused on dementia and Alzheimer’s disease, raised $10 million.
Hint Health, a direct primary care company, announced it acquired AeroDPC, a practice management and electronic medical record company.
Intus Care, a developer of predictive analytics software aimed at improving geriatric care outcomes, closed $14 million in a Series A funding round.
Healios, a UK-based digital mental health therapy platform that connects patients to mental health professionals, closed a $16 million funding round.
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.
