Health IT Business News, Financial Edition – August 21, 2025

Trending News

MRO Recognized on the 2025 Inc. 5000 Annual List for Tenth Year
MRO, a clinical data exchange company in healthcare, announced it made the Inc. 5000 annual list of fastest-growing private companies in America for the 10th year. The list provides a data-driven snapshot of the most successful companies within the economy’s most dynamic segment—its independent, entrepreneurial businesses.

Caregility Achieves Designation in Epic Toolbox for Inpatient Virtual Care
Caregility Corporation, a global provider of connected care and AI solutions, announced it has earned a place in Epic’s Toolbox for Inpatient Virtual Care solutions. Toolbox is a designation for digital health solutions with live Epic connections that use established integration technology to meet Epic-defined recommended practices. Earning the Toolbox distinction reflects Caregility’s commitment to supporting seamless, bedside virtual care experiences within the established workflows of Epic’s clinical end-users.

Mergers and Acquisitions

Adobe Population Health Expands Footprint with Acquisition of MedZed Physician Services
Adobe Population Health, an innovative care management company, proudly announces the acquisition of MedZed Physician Services. The strategic acquisition marks an expansion into California, reinforcing Adobe’s commitment to closing care gaps and addressing the needs of the most vulnerable populations.

HID Acquires Intelligent Observation to Strengthen Its Healthcare RTLS Portfolio
HID, a worldwide leader in trusted identity solutions, announced it has acquired Intelligent Observation, a platform provider for hand hygiene compliance, designed to enable healthcare facilities to reduce hospital acquired infections (HAIs) through proper hand hygiene practices. The addition of Intelligent Observation expands HID’s offering and relevance in the Healthcare RTLS space to further meet the growing needs of healthcare facilities.

Zscaler Completes Acquisition of Red Canary to Accelerate Innovations in Agentic AI-driven Security Operations
Zscaler, Inc., a provider of cloud security, announced it has completed its acquisition of Red Canary. Together, the companies will deliver unified Security Operations, combining sophisticated exposure management with agentic AI-driven threat management.

TigerConnect Acquires eVideon to Power the Next-Generation of Smart Room Solutions
TigerConnect, a clinical collaboration platform, announced the acquisition of eVideon, a provider of hospital smart room technology and digital patient engagement. This strategic acquisition marks a major milestone in TigerConnect’s vision to unify healthcare communications across the care continuum.

Functionize Raises $41M Series B to Accelerate the Future of Autonomous Quality Assurance
Functionize, an AI-powered platform used for the intelligent creation of software test cases, announced the close of a $41 million Series B funding round, bringing its total funding to over $67 million since its inception in 2015.

Contract Announcements

Outreach Selects Arize EHR to Support Expansion
Cantata Health Solutions, a provider of technology solutions for behavioral health and human services, announces that Outreach, a faith-based provider of counseling and psychological testing services to under-resourced people and communities in the western suburbs of Chicago, has selected Arize EHR to underpin the organization’s expansion. Outreach plans to partner with schools, churches, community centers, and other groups that share its mission to open new counseling centers in communities of need. This expansion will require technology that makes it easier to add clinicians and address the nuances of various regulatory and funding requirements.

Memorial Healthcare System Deploys Population Health Technology to Drive Medication Adherence
Memorial Healthcare System has launched a comprehensive medication management initiative aimed at enhancing medication adherence and improving health outcomes for patients with diabetes. Using prescription fill data from DrFirst, the program identifies patients at risk of non-adherence and polypharmacy, enabling care teams to intervene early to optimize therapy and close care gaps.

Reid Health Deploys hellocare.ai Smart Hospital Technology in Every Patient Room, Leading the Way in AI-Assisted Virtual Care
Reid Health has partnered with hellocare.ai to bring AI-assisted smart hospital technology to every patient room, transforming the patient and nurse experience while enhancing clinical efficiency. This full scale deployment marks a significant step toward transforming healthcare delivery through integrated virtual care solutions. As a regional health system serving rural communities, Reid Health leverages advanced technology to address staffing shortages while enhancing the patient experience.

TruBridge Re-Establishes Partnership With Jackson Parish Hospital to Boost Financial Performance and Outcomes
TruBridge, Inc., a healthcare solutions company, welcomes back Jackson Parish Hospital, a 25-bed critical access facility located in Jonesboro, Louisiana. The hospital will deploy TruBridge’s Complete Business Office (CBO) technology enabled services to support financial operations including revenue cycle outsourcing, coding and billing, and claims management.

Ambience Healthcare Joins Epic Toolbox, Unlocking Advanced AI Functionality Within Haiku for Epic Customers
Ambience Healthcare, an AI platform for documentation, coding, and clinical documentation integrity (CDI), announced it has joined Epic’s Toolbox program for Ambient Voice Recognition.

Tift Regional Medical Center Advances Stroke Care with RapidAI’s Deep Clinical AI
In a move to advance stroke care and accelerate critical decision-making, Tift Regional Medical Center (TRMC) has implemented RapidAI’s deep clinical AI platform, bringing faster insights and improved coordination to stroke response teams. The technology is now live across TRMC’s stroke program and is already helping clinicians deliver more timely and informed care.

Venture Capitol and Funding

Amalgam Rx Secures $20M Credit Investment from Catalio Capital Management to Accelerate Medical-Grade AI Deployment
Amalgam Rx, Inc., a leader in enabling data-driven healthcare decision making, announced a $20 million credit investment from Catalio Capital Management, a leading investment firm dedicated to backing innovative healthcare companies. The funding will accelerate the scaling of Amalgam’s Medical-Grade AITM solutions to further empower patients in their daily lives and providers in their clinical workflows.

Making the Cut, Milestones, Accolades, Awards and More

mPulse Sees Accelerated Revenue Growth and Product Adoption in First Half of 2025
mPulse, a provider of Health Experience and Insights (HXI) technology, announced accelerated financial performance in the first half of 2025 driven by sales of multi-product solutions across its predictive analytics, omnichannel engagement and health portal products. mPulse’s integrated solutions are being adopted by both large national and regional health plans and are driving strategic expansion and net new customer growth.

Vital User Count Surges Past 5-Million Patients, Expected to Triple by 2026
Vital, an AI-powered patient experience platform, announced major growth milestones, with several new health systems joining its network. As a result, Vital became available to more than 5-million patients in Q3 2025, with 60% actually using the technology for an average of 30 minutes per visit.

Lightbeam Health Earns Spot on the Inc. 5000 List for 7th Time
Inc., the leading media brand and playbook for the entrepreneurs and business leaders shaping our future, announced that Lightbeam Health Solutions, the proven, AI-enabled solutions and services leader in population health management, is recognized on the annual Inc. 5000 list, the most prestigious ranking of the fastest-growing private companies in America.

athenahealth is Ushering in the Era of AI-enabled, Intelligent Interoperability for Physician Practices Nationwide
athenahealth, a provider of network-enabled software and services for health care practices and systems nationwide, announced major advancements that will usher in the next generation of intelligent interoperability for ambulatory care practices across the country. These advancements are part of the company’s vision of a reimagined AI-native athenaOne platform, which will be rolling out over the coming months to revolutionize how practices engage patients, coordinate and deliver care, and manage their revenue cycle.

Brook.ai Honored as a Company of the Year in 2025 Silver Stevie Awards for Technology Excellence
Brook.ai, a provider of remote care, empowering providers and patients through innovative remote patient monitoring (RPM) and chronic care management (CCM), has been named a Company of the Year in Healthcare Technology with a Silver Stevie® Award.

Inflo Health Celebrates Client Cohort’s Graduation from ACR ImPower Program, Marking a Leap Forward in High-Reliability Radiology Follow-Up
Inflo Health, an innovator in high-reliability follow-up care solutions, celebrates the graduation of three client partners—Terrebonne General Health System, St. Tammany Health System, and Ochsner Health—from the American College of Radiology (ACR) Learning Network’s ImPower program for incidental lung nodule follow-up. The milestone caps more than a year of collaboration in which Inflo’s technology helped each organization reimagine how follow-up care is identified, managed, and completed.