Ro, Ro, Ro your boat (into women’s health)
Among myriad recent platform consolidation moves, Ro announced last week that it will acquire Modern Fertility. The deal represents the opportunity created when segment-specific services for a given population or need—in this case fertility—combine with wide-population focused virtual care platforms. Despite women’s health companies securing only $58M of the $6.7B raised by digital health companies in Q1 2021, the Ro acquisition signals a belief—one that we share at Rock Health—that segment-specific verticals represent a large and growing market opportunity, and a chance to vastly improve the care experience for discrete (and oft-overlooked) populations and needs. Read more of our thoughts here.
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Headlines
Washington Wakes Up To Covid-Fueled Investment Risks
SPAC legislation is introduced Politico
Amazon Plans Diagnostics Brand To Offer At-Home Medical Tests
+ rolls out WorkingWell across US operations Business Insider
JPMorgan Launches Morgan Health
The bank’s post-Haven plan is unveiled CNBC
CVS Health Offers Clinical Trial Services
An expansion of COVID trial facilitation Reuters
DarioHealth Scoops Up Digital Behavioral Health Company wayForward
$30M deal makes Dario a contender to address diabetes, MSK, behavioral health Fierce Healthcare
Health Tech Companies Form Coalition To Advance The Role Of Real-World Data
Flatiron, Aetion, IQVIA, Syapse, and Tempus band together STAT
Google Gives A Sneak Peek Into New AI Dermatology Assistant
+ Apple releases new tools to meet disability needs MobiHealthNews
Mental Health Startup Lyra Health Valued At $4.6 Billion
Lyra’s latest reported round bumps up valuation The Information
Recent Funding
- PathAI, an AI pathology platform supporting diagnosis and treatment decisions, gets $165M
- Telehealth staffing and services infrastructure Wheel adds $50M
- Heru, which provides real-time VR eye tests and therapeutics, raises $30M
- Cynerio brings in $30M to expand its healthcare IoT cybersecurity offering
- SymphonyRM, a patient management system for providers, closes $25M
- R&D lab automation platform Artificial secures $21.5M
- Emocha Health grabs $6.2M to grow its video-based service for medication adherence
- Conversational platform Wysa pulls in $5.5M to offer evidence-based mental health support
- Rhithm, an emoji-based mental health assessment platform for teens, raises $4M