Putting a pin in exit plans
For the pack of digital health companies eyeing an exit, the path is looking a bit more treacherous. Amidst a public market cooldown, fizzling SPAC deals, and a big name acquisition facing DOJ scrutiny, many are favoring large infusions of new private funds. Last week, Rock Health portfolio company Omada Health raised $192M in their Series E, and the week prior Ro added on another $150M. Even public companies are taking advantage of private funds. In January, Sema4—a publicly-listed genomics company—collected $200M in private investment. Since private investments face fewer barriers (regulatory and otherwise) than cash from public markets, it’s easy to see why digital health heavyweights would go this route when expanding their positions in today’s digital health market. And with more digital health companies looking to make the transition to long-term sustainability, we’ll be tracking their trajectories to get there.
Headlines
Russia-Ukraine War: Threats Facing the Healthcare Sector
US infrastructure industries, including healthcare, should be on the alert for potential cyber attacks Healthcare Info Security
Study Shows Telemedicine Leaves Behind Non-English Speakers
Challenges remain to reach all populations with virtual care The Verge
Health Insurance Tech Companies Bet On Software
Takeaways from public insurance tech companies’ year-end earnings STAT
Vaccine Credentials May Enable Progress On Public Health Interoperability
Underscoring the importance of partnerships between public health and tech Healthcare IT News
Teladoc Reports Earnings; 2021 Revenue Tops $2B
An update from the largest telehealth vendor in the US Healthcare Dive
Recent Funding
- Omada closes on $192M to expand its digital care programs for chronic disease
- Minded gets $25M for virtual mental health medication management
- Story Health nabs $22.6M for its digital home-care offering for cardiac patients
- HIPAA-compliant texting and telehealth platform OhMD raises an undisclosed amount