Multinational digital health firm Babylon reported its previously announced business combination with digital neurotherapy company MindMaze is not moving forward, and it will pursue the sale of its U.K. business to third parties and exit its U.S. business.
In June, the company revealed that it accepted a take-private proposal from AlbaCore Capital on behalf of its affiliate company MindMaze,...
Butterfly Network, maker of a handheld, smartphone-connected ultrasound system, reported a 3.8% drop in revenue in the second quarter of 2023 at $18.5 million compared to its Q2 revenue of $19.2 million in 2022.
Butterfly reported a net loss of $28.7 million for the period compared to a $35.8 million loss in Q2 2022. Adjusted earnings before interest, taxes, depreciation and amortization (...
Chicago-based early-stage venture capital firm Distributed Ventures, born out of NFP Ventures, announced it had closed $100 million in total commitments last month, which it plans to use to invest in insurtech, fintech and digital health.
Shawn Ellis, managing partner at Distributed Ventures, joined MobiHealthNews to discuss how the company is uniquely positioned to cultivate growth in the...
Virtual primary care company TytoCare announced it garnered an additional $49 million in growth funding.
Existing investor Insight Partners led the round, with participation from new investors MemorialCare, Clal and Healthcare of Ontario Pension Plan.
WHAT IT DOES
The Israeli health tech company provides virtual care via its AI-enabled TytoCare Home Smart Clinic, which allows clinicians to...
The Healthcare Information and Management Systems Society (HIMSS) and exhibition organizer Informa Markets announced the pair had signed an agreement for Informa to take over management of the HIMSS Health Global Conference & Exhibition, with HIMSS continuing to oversee expert content and event programming.
HIMSS Global Conference & Exhibition drew over 40,000 healthcare and technology...
Duke Health and Microsoft announced a five-year partnership to examine the potential of generative AI and cloud technology to improve healthcare, and to create the Duke Health AI Innovation Lab and Center of Excellence.
Microsoft will train Duke to develop a cloud-savvy IT workforce and construct a secure cloud environment. At the same time, Duke will utilize Microsoft's Azure cloud for clinical...
Global clinical technology company Wolters Kluwer Health and health tech company Unbound Medicine announced the launch of a mobile app version of Lippincott’s Nursing Drug Handbook, a pocket drug guide for nurses.
The app, which brings the print edition of Lippincott's handbook to the digital space, will include latest updates from the FDA and data on more than 3,800 generic, brand name and...
FeelBetter, a machine learning-enabled medication-management platform focused on polypharmacy, announced it secured $5.9 million in funding led by Firstime Ventures and Shoni Health Ventures.
Random Forest VC, The Group Ventures, and existing FeelBetter investor Triventures also participated in the round.
The latest round brings the company's total raise to $8 million.
WHAT IT DOES
FeelBetter...
Augmedics, an augmented reality surgical navigation platform, announced it successfully won a bid to purchase the digital health assets of Surgalign and Holo Surgical for $900,000 in cash, following the spine technology company's bankruptcy.
Surgalign's digital health offerings include its HOLO Portal, an AI-driven augmented reality guidance system that allows intraoperative image-guided...
OpenAI, Google, Microsoft, and AI safety and research company Anthropic announced the formation of the Frontier Model Forum, a body that will focus on ensuring the safe and responsible development of large-scale machine learning models that are capable of surpassing the capabilities of current AI models, also known as frontier models.
The partners are looking for organizations to join the Forum...
