Monday Morning Update 3/13/23
Top News
Silicon Valley Bank, a major player in tech company financing, collapses and is taken over by federal regulators in the biggest US bank failure since 2008.
SVB has business relationships with half of…
Tag: Acquisitions
Book Review: The Algorithm Will See You Now
“The Algorithm Will See You Now” is the first novel written by JL Lycette. It is a remarkably polished and engaging thriller that delves into the promise and pitfalls of artificial intelligence, corporate medical…
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News 3/10/23
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Oracle reports Q3 results: revenue up 18%, adjusted EPS $0.68 versus $0.84, beating earnings expectations but falling just short on revenue.
The company’s much-watched cloud revenue jumped 45%.
ORCL shares dropped 5% in after-hours…
Clarapath Acquires AI-Powered Digital Pathology Platform Crosscope
What You Should Know:– Clarapath, a robotics company aimed at catalyzing change in the way pathology laboratories process human and animal tissue acquires Mountain View, CA-based Crosscope. Financial details of the acquisition were not…
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Chartis Establishes the Chartis Center for Burnout Solutions
Chartis and DES Health Consulting form the Chartis Center for Burnout Solutions to support caregivers in increasingly tenuous work environments
Today, Chartis, a comprehensive healthcare advisory firm, announced it has established the Chartis Center for Burnout…
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News 3/8/23
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Transcarent will acquire virtual primary care company 98point6’s care delivery division — which includes an AI-powered chatbot, physician group, and self-insured employer business — for $100 million.
Transcarent, which has relied on contracted clinicians,…
Transcarent To Acquire 98point6 for $100M, Gain AI-powered Virtual Care Platform
Virtual health provider Transcarent announced Monday that it will acquire digital health company 98point6 in a $100 million deal, which will allow Transcarent to gain access to 98point6’s AI-powered virtual care platform.
The $100 million…
WeightWatchers Acquires Clinical Weight Management Platform Sequence for $106M
What You Should Know:– WeightWatchers has entered into a definitive agreement to acquire Weekend Health, Inc., d/b/a Sequence, a subscription telehealth platform offering access to healthcare providers specializing in chronic weight management.– Sequence seamlessly…
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Accolade cuts workforce, downsizes office footprint
Accolade, which offers virtual healthcare as well as care and benefits navigation services, will cut staff and downsize its office footprint, according to a filing with the Securities and Exchange Commission. The company declined to comment on…
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Pharmacies Primed to put Patient Needs Back at the Forefront of Care
Chronic conditions and ongoing illnesses such as long Covid are on the rise across the United States; they’re being referred to as “silent pandemics” by the CDC. Naturally, to narrow down possible diagnoses, physicians…
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