GoodRx, a consumer drug pricing and digital health company, said Thursday it was selling its backend virtual technology to Wheel Health, a virtual health platform and provider network, for $19.5 million in cash. The sale is expected to close by month’s end, according to a federal disclosure. GoodRx will continue to provide its customers with access to telehealth services via its platform using Wheel’s technology and staffing services through a licensing agreement. The sale will close at the end of this month.
GoodRx shares sink as company’s struggles continue
Andreessen Horowitz, a venture capital firm, announced a strategic partnership with Bassett Healthcare Network, a health system in central New York State, to leverage digital health technologies for rural populations. Under the partnership, the pair have formed an executive committee to explore technologies and platforms to explore how organizations with limited resources can implement technologies.
Bright Health Group shrinks Medicare Advantage business
Get Well, a digital patient engagement company, has expanded an agreement with the Veterans Health Administration to provide its technology to 70 Veterans Affairs medical centers. The service is currently available in nearly 13,000 inpatient beds. This is an expansion of Get Well’s relationship with the VA, which dates back to 2010.
Longtime CVS Health exec moves over to VC firm
Johnson & Johnson, a diversified healthcare products company, entered into an agreement to acquire Abiomed, a medical technology company, for approximately $16.6 billion. In a release, the company said it will broaden Johnson & Johnson’s cardiovascular offerings.
Walgreens’ VillageMD to buy Summit Health-CityMD in $8.9B deal
More deals and funding rounds:
Fathom, a medical coding automation platform, closed a $46 million Series B round.
Yes Hearing, a provider of in-home and telehealth audiology services, closed a $10 million Series A round.
Upliv, a women’s health virtual care company, emerged from stealth with projected seed funding of $8.4 million by the end of 2023.
Log my Care, a care management platform, raised $3.7 million.
Speedoc, a telemedicine and healthcare solutions platform, secured $28 million in a pre-series B round.
BC Platforms, a healthcare data management company, closed an approximately $20 million growth round.
YonaLink, a developer of clinical trial software, secured $6 million in funding.
Agamon Health, a clinical decision support company for radiologists, raised $5 million.
WellTheory, a virtual care platform, announced a $7.2 million seed round.
Abett, a healthcare data analytics platform, raised $6.5 million, GeekWire reports.
Leva Clinic, an online chronic pain treatment clinic, raised approximately $3.5 million.
Qualifacts, an electronic health record for behavioral health, acquired OnCall Health, a provider of telehealth operations for behavioral health.
Smile Digital Health, a health data exchange, acquired Alphora, a clinical decision support company.
Swap Health, a chronic care company focused on low-to-moderate income individuals, launched out of stealth with unspecified funding from 25m Health, a joint venture between 25madison, Lifepoint Health and Apollo Global Management.
Ibex Medical Analytics, a developer of AI-powered cancer diagnostic solutions for pathologists, raised $10 million in a financing round.
AngelEye Health, which develops patient engagement solutions for hospital neonatal, pediatric intensive care, and nursery units, announced the completion of its Series B funding, bringing the company’s funding to date to approximately $20 million.
Anumana, a developer of AI-driven ECG algorithms enabling early diagnosis and intervention of heart disease, acquired NeuTrace, a developer of AI-enabled diagnostics software solutions for heart disease.
Zelis, a healthcare payment optimization solutions company, completed the acquisition of Payspan, a healthcare electronic payment and reimbursement automation service provider.
If there is a digital health funding or M&A deal that we missed from this past week here, please email us.
Digital Health Business & Technology’s data team contributed to this roundup.