Agetech News No. 28

Jun 10, 2023 3 min read
Agetech News No. 28

Abundant Acquisitions

Despite the challenging climate creating uncertainty for all sectors, we still took note of 25 deals in May alone. Following the recent trend of acquisitions involving industry titans, we saw the completion of the Oak Street Health acquisition by CVS Health. Similarly, Amedisys and Option Care Health announced a merger to form an ‘end-to-end home-based solutions’ powerhouse.

Read on to see what else happened in the world of Agetech last month!

May Highlights

CVS Health has sealed the deal on its acquisition of Oak Street Health, picking up 169 medical centers in 21 states in an all-cash transaction at a value of approximately $10.6B (Fierce Healthcare)

Amedisys, a provider of home health services, and Option Care Health, a provider of home and alternate site infusion services, announced a merger to create an ‘end-to-end home-based solutions’ powerhouse (Home Health Care News)

Careteam Technologies, a Canadian digital health company with a focus on integrated care, has acquired Care Connector, a unique patient-centered technology solution that was developed by the team at Trillium Health Partners’ Institute for Better Health (IBH) to improve the integration and coordination of care planning (Careteam)

End-of-life planning platform Lantern has been acquired by Wellthy, to create the most comprehensive platform on the topic of care and end-of-life (Lantern)

Digital healthcare guidance company Amino Health raised $80M in Debt and Equity financing to expand its business operations (FinSMEs), which is transforming the smartphone camera into a clinical-grade device for kidney health, completed a $50M Series D funding round to support its expansion across the U.S. market (PR Newswire)

Hippocratic AI, a generative AI company developing safety-focused large language models for healthcare, launched with $50M in Seed funding (MobiHealthNews)

Embr Labs, creator of Embr Wave, a wearable technology that treats the symptoms of menopause, collected $35M via intellectual property (IP)-based debt financing in order to accelerate consumer growth strategy via retail and geographic expansion (FinSMEs)

Care concierge platform Wellthy scored an additional $25.5M in funding to broaden its reach and expand its offerings (FinSMEs)

Hygieia, a digital therapeutics company for insulin therapy, extended its Series B round to $22M which will be used to bring its technology to more users (FinSMEs)

Gather Health, a high-impact, socially-focused primary care solution for older adults, has opened its first primary care practice after raising over $15M in Series A funding (VC News Daily)

Laguna Health, a post-hospital recovery assurance company, closed a $15M Series A round to double down on its market momentum with existing and new partners (Home Health Care News)

DarioHealth, provider of digital health solutions for chronic conditions, announced that it obtained a private placement of convertible preferred stock at $14.3M (MassDevice)

Optain, an AI company that uses photos of the eye to detect and prevent early stage disease, launched with $12M in Seed funding (FinSMEs)

Virtual chronic care platform developer HealthSnap raised $9M in Series A funding (AXIOS)

Thrive Health Tech, creator of Thrive Mobile, the wireless carrier with a health care focus to receive approval from the Federal Communications Commission, raised $7M in Pre-Seed funding (Thrive Health Tech)

Dock Health, an administrative hub for healthcare professionals, raised $5M in recent funding which will be used to grow to an automation engine and analytics platform with new integrations that will drive administrative best practices (FinSMEs)

Essenvia, a pioneer in regulatory submission management for the MedTech industry, recently closed $4M in Pre-A financing to accelerate its growth (PR Newswire)

Pear Suite, a digital health company working to empower community health workers, closed a $2.5M Seed funding round (PearSuite)

FemTherapeutics, the first of its kind customizable gynecological prosthetic, raised $1.85M to catalyze its next phase of growth (Forbes)

Mi Alma, a platform for those experiencing grief and loss, raised $1.5M in Pre-Seed funding to expand operations (FinSMEs)

Around the World

Switzerland-based Domo Health, a digital health company, scored nearly €8.6M and entered into a strategic alliance with Swiss public energy service provider St. Gallisch-Appenzellische Kraftwerke (SAK) to offer advanced digital health solutions at home (Silicon Canals)

Germany headquartered Novaheal, a learning platform for trainees and young professionals in nursing, raised €560K in a Pre-Seed funding round (Crunchbase)

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