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Tracxn – Analyst Notes # 1251 – Healthcare IT

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Soonicorn Club

  • Soonicorn

    Tempus (2015, Chicago, $130M) – Oncology platform for sequencing, analytics and informatics
    Market: Healthcare IT > Provider > Clinical Operations > Decision Support > Therapy Plan > Care Planning > Oncology

  • Minicorn

    Caresyntax (2015, Berlin, $11.9M) – Analytics & integration platform to improve surgical outcomes
    Market: Healthcare IT > Provider > Clinical Operations > Decision Support > Therapy Plan > Surgery

Analyst Picks

  • ClosedLoop (2017, Austin) – AI-based risk predictive platform for payers, providers & pharma
    Market: Healthcare IT > Value Based Care > Volume-to-Value Transition > Risk Adjustment
  • Droice Labs (2016, New York City) – ML-based software for predicting treatment performance
    Market: Healthcare IT > Provider > Clinical Operations > Decision Support > Therapy Plan > Care Planning > Generic > AI
  • Elucid Labs (2016, Waterloo) – Augmented intelligence imaging solution for early diagnosis of skin cancer
    Market: Healthcare IT > Provider > Clinical Operations > Decision Support > Diagnosis > Differential Diagnosis > Image Based > Photos > Dermatology > Cancer > AI
  • Auxivia (2015, Paris, $699K) – Smart glass for monitoring and traceability of water intake of residents in nursing homes.
    Market: Healthcare IT > Value Based Care > Remote Monitoring > Hardware > Passively > Activity based
  • RxAll (2015, New Haven) – AI platform to authenticate medicines & a platform to enable pharmacy procurement
    Market: Healthcare IT > Pharmacy > Supply Chain Management > Procurement

Funding Rounds

Series D, $65M
Metric Stream (1999, Palo Alto, $215M) – Integrated Governance, Risk and Compliance platform

Investors: Clearlake Capital, EDBI, Goldman Sachs, Sageview Capital

Series A, $47.5M
Collective Medical Tech (2005, Salt Lake City, $47.5M) – Emergency Room management software solutions for providers and payers

Investors: KPCB, Bessemer Venture Partners, Maverick Ventures, Kaiser Permanente Ventures, Providence Ventures, Peterson Partners, EPIC Venture Fund

Series B, $30M
Arterys (2012, San Francisco, $42M) – SaaS analytics platform for Medical Image Analysis

Investors: Temasek, Northwell, NewYork-Presbyterian, GE Ventures, Varian Medical Systems, DNA Capital, Emergent Medical Partners

Series D, $30M
Syapse (2008, Palo Alto, $69.5M) – Molecular profiling platform for diagnosing and treating patients

Investors: Ascension Ventures, GE Ventures, Intermountain Healthcare, Safeguard Scientifics, Social Capital, Medidata, Amgen Business Development, Merck Global Health Innovation Fund, Roche

Series B, $26M
LeanTaaS (2010, Santa Clara, $39.4M) – Tools for resource utilization and patient time optimization

Investors: Insight Venture Partners

Series C, $25M
Jitterbit (2004, Alameda, $45M) – On-premise and cloud-based data and application integration software

Investors: KKR

Series B, $20M
Touch Surgery (2013, London, $30M) – Surgical simulation using virtual surgery app

Investors: 8VC

Series C, $25M
Jitterbit (2004, Alameda, $45M) – On-premise and cloud-based data and application integration software

Investors: KKR

Series B, $20M
Touch Surgery (2013, London, $30M) – Surgical simulation using virtual surgery app

Investors: 8VC

Series A, $17.3M
DeepWise (2017, Beijing, $22.6M) – AI-based radiology image solution primarily for cancer diagnosis

Investors: Danhua Capital, Tao Tong investment, Tongdu Capital, Kunzhong Capital

Series B, $17M
Prognos (2010, New York City, $17M) – Analytics company utilizing lab data for improving care quality

Series E, $17M
Phreesia (2005, New York City, $91.8M) – Patient check in platform for Health care Organisations

Series B, $15.1M
1MData (2015, Beijing, $15.1M) – Medical information management system and doctor assistant platform

Investors: Shenzhen China Venture Capital

Series A, $15M
VisitPay (2014, Boise, $23.3M) – Cloud based patient revenue management system for healthcare providers

Investors: Norwest Venture Partners, Ascension Ventures

Series B, $15M
Huiyihuiying (2015, Beijing, $15M) – AI based medical imaging management platform

Investors: Delta Capital

Series A, $8M
Welkin Health (2013, San Francisco, $12M) – Mobile app for doctors, to connect their chronic disease patients with care team, for personalized coaching.

Investors: Thrive Capital

Series B, $7.4M
Ambra Health (2006, New York City, $47.4M) – Cloud-based platform for medical image management and exchange

M&A

  • McKesson Strengthens Its Portfolio of Manufacturer Solutions with the Acquisition of RxCrossroads Business Wire
  • Roche to acquire Viewics, Inc. to provide data-driven lab business analytics and add further digital capabilities along the laboratory value chain PressReleasePoint
  • Imprivata Acquires Identity and Access Management Business of Caradigm to Expand its Solutions Business Wire
  • Quest Diagnostics Acquires California Laboratory Associates PR Newswire
  • ConnectiveRx Acquires Pittsburgh-Based Careform to Further Speed-to-Therapy and Patient Engagement for Specialty Drugs Business Wire
  • ItzCash parent Ebix to acquire online travel portal Via.com Oddup
  • Diplomat to Acquire LDI Integrated Pharmacy Services PR Newswire
  • Banyan Software Inc Announces Acquisition of Medicat LLC PR Newswire
  • Diplomat to Acquire National Pharmaceutical Services PR Newswire
  • BioMatrix SpRx Acquires Elwyn Pharmacy Group Citybizlist

FDA Approval

  • Otsuka and Proteus Win First FDA Approval for Pill With Sensor to Track Ingestion BioSpace
  • Insulia receives FDA clearance and CE mark to integrate Basaglar and Tresiba PR Newswire
  • LENSAR® Receives FDA Clearance for IntelliAxis™-L – LENSAR Laser System’s Novel Toric Intraocular Lens Alignment Guidance Business Wire
  • Clinical Genomics and Quest Diagnostics announce FDA 510(K) clearance of InSure ONE 4-Traders

New Product Announcement

  • Innovaccer Announces the Launch of Datashop Beacon – a Product Offering Over 10 Million Data Points for Care Research PR Newswire
  • MEDITECH Unveils Cloud-Based EHR Subscription Model for Critical Access HopsitalsHIT Consultant
  • Eye Care Leaders Announces New myCare Platforms to Offer Unrivaled, Integrated Solutions for Practices Business Wire
  • Vaica Medical Launches Capsuled™, a Novel Personally-Customized Medication Adherence Solution for Pharmaceutical Companies PR Newswire
  • Livongo and Medical Park Family Care Launch Digital Health Platform to People with Diabetes in Alaska PR Newswire
  • Validic Launches Next-Generation Connectivity Platform With Continuous Data, Configurable Rules PR Newswire
  • Nomad Health Expands to Telemedicine Market, Launches Telehealth Jobs MarketplaceHIT Consultant
  • Brightree Launches Lockbox, an Automated Patient-Pay Service to Help HMEs Get Paid Faster Business Wire
  • Carestream Shows New Mobile X-ray System With Carbon Nanotube Technology Medical Buyer
  • Median Technologies announces expansion of its Patient Care business with release of MediScan News Medical
  • Hill-Rom’s Welch Allyn Introduces Connex Cardio ECG BioSpace
  • Kareo Releases Telemedicine Solution for Independent Medical Practices Technology Marketing Corporation
  • Envera Health Launches New Company, Clareto, Connecting Life Insurance Industry to Patient-Authorized Health Information Business Wire

New Geo Entry

  • FDNA Expands into Asia-Pacific Markets Business Wire
  • American medtech firm establishes UK headquarters in Altrincham Bdaily
  • Kestral International opens office in Romania Business Review

Business Partnership

  • Zebra Medical Vision to Collaborate with Google Cloud to Bring a Transparent All-in-One Model to Healthcare Business Wire
  • Propeller Health, Express Scripts Partner to Offer Innovative Digital Respiratory Care HIT Consultant
  • Elligo Health Research and PatientLink Partnership Brings New Opportunities for Physicians and Their Patients Business Wire

Company Announcement

  • Ebix to spend $200 million on acquisitions in India Livemint

Earnings Release

  • McKesson Reports Fiscal 2018 Second-Quarter Results Business Wire
  • Athenahealth Q3 top line up 11%; earnings down 7%; operating income guidance raised; shares down 1% after hours Seeking Alpha
  • NantHealth Reports 2017 Third Quarter Financial Results; GPS Revenue Doubles from Preceding Quarter Business Wire
  • Varian Reports Results for Fourth Quarter of Fiscal Year 2017 PR Newswire

Key People Movement

Board Updates

  • GNS Healthcare Names Dr. David Sontag to its Strategic Advisory Board PR Newswire
 

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