Health IT Business News

Financial News

Twistle Receives $16M Investment to Accelerate Delivery of Personalized Care Guidance Through Care Process Automation
In a move that will further strengthen its leadership position in helping health systems and life sciences companies deliver personalized care guidance through the emerging category of care process automation, Twistle (@TwistleApp) announced it has secured $16 million in Series A funding. Leading healthcare enterprises use Twistle’s scalable technology to manage outreach to patient populations by automating communications, information-gathering and patient education, helping them improve clinical and patient-reported outcomes while simultaneously lowering costs.

CynergisTek, Inc. Acquires Backbone Consultants to Bolster its Market Position as a Leader in Cybersecurity, Compliance, and Data Privacy
CynergisTek, Inc., (@cynergistek), a cybersecurity, privacy, and compliance management consulting firm, announced that it has acquired Backbone Enterprises, Inc. DBA Backbone Consultants, an industry leader in IT risk advisory services. The acquisition expands CynergisTek’s cybersecurity, privacy, and IT risk advisory services and is consistent with CynergisTek’s strategic plan to grow managed services through targeted, accretive acquisitions.

MRO Announces Transaction with Parthenon Capital
MRO Corporation (@MROCorp), a leader in the secure, compliant and efficient exchange of protected health information (PHI), announced the completion of an investment transaction with Parthenon Capital (Parthenon), a growth-oriented private equity firm. As part of the transaction, Parthenon provided capital for growth purposes and acquired a meaningful ownership stake in the company.

LexaGene Closes C$6.64 Million Financing
LexaGene Holdings Inc. (@lexa_gene) is pleased to announce that it has closed its previously announced offering of units for aggregate gross proceeds of CAD$6.64 million. The Company issued 12,769,626 Units at a price of CAD$0.52 per Unit, each Unit consisting of one common share of the Company and one common share purchase warrant, with each warrant entitling the holder to purchase one Share at the price of CAD$0.75 per Share until October 29, 2022.

Ancestry Makes $1 Million Educational Grant to UpToDate to Develop Genetic Testing Information for Medical Providers
Ancestry®, the global leader in family history and consumer genomics, announced it has made a $1 million educational grant to UpToDate®, an evidence-based clinical resource, to independently develop information for healthcare providers to help them interpret and act on the results of genetic testing. Announced during a mainstage discussion at the 2019 HLTH innovation conference by Margo Georgiadis, chief executive officer of Ancestry, the grant is part of Ancestry’s long-term commitment to partnering with healthcare stakeholders to improve preventive health.

Reported 3rd Quarter Financial Results

Livongo Reports Third Quarter Financial Results
Livongo Health, Inc. (@livongo), an Applied Health Signals company empowering people with chronic conditions to live better and healthier lives, announced financial results for its third quarter ended September 30, 2019.

American Well® Acquires Aligned Telehealth to Expand Behavioral Health Virtual Care
National telehealth leader American Well (@americanwell) announced that it has signed a definitive agreement to acquire Aligned Telehealth, a leader in the provision of behavioral telehealth and telepsychiatry services to hospitals and health plans. Combining Aligned Telehealth’s ability to access a network of clinical experts with American Well’s digital care delivery platform, the companies will deliver programs that hospitals, health plans and the industry at large can leverage to address the mounting challenges of clinician shortages, fragmented care and societal stigmas impeding adequate behavioral health access and treatment.

Myomo to Report Third Quarter 2019 Results on November 12, 2019
Myomo, Inc. (myomoinc), a wearable medical robotics company that offers increased functionality for those suffering from neurological disorders and upper limb paralysis, announced that it will release its financial results for the third quarter ended September 30, 2019 on Tuesday, November 12, 2019, after the market close. Read more.