Health IT Business News, Financial Edition – January 5, 2023

Trending News

ECG Celebrates 50 Years as a Leading Adviser to the Healthcare Market
ECG Management Consultants (@ecgmc), a healthcare consulting firm, is celebrating its 50th anniversary. Since its founding in 1973 in Seattle, ECG has grown from a single-office company with 7 employees to a nationally acclaimed consulting firm with more than 325 employees across 9 offices. ECG stands as the longest-serving healthcare consulting firm in the United States.

Mergers and Acquisitions

Allscripts Announces Corporate Name Change to Veradigm Inc.
Allscripts Healthcare Solutions, Inc. announced that, effective January 1, 2023, it has changed its name to Veradigm Inc. (@Veradigm). Allscripts had been transitioning its solutions to the Veradigm brand during 2022, and Allscripts will now formally be known as Veradigm.

Contract Announcements

Pear Therapeutics and Spero Health to Expand Access to Prescription Digital Therapeutics for People in Recovery Across Multiple Locations and States
Pear Therapeutics, Inc. (@Pear_Tx), a company developing and commercializing software-based medicines called prescription digital therapeutics (PDTs), announced the expansion of its collaboration with Spero Health, an integrated healthcare services organization specializing in local and affordable outpatient care for individuals suffering from substance use disorders, to provide adults suffering from substance use disorder (SUD) and opioid use disorder (OUD) access to reSET® and reSET-O®, for each respective condition.


SoftBank Invests in Quris, Which Developed An Alternative to Animal Testing
Quris, an artificial intelligence (AI) innovator disrupting the pharmaceutical arena, announced it has secured an additional $9 million in seed funding – bringing its total seed round funding to $37 million.

Fortified Health Security Announces Growth Investment Led by Silversmith Capital Partners and Health Velocity Capital
Fortified Health Security (@FortifiedHITSec), a best-in-class managed security services provider (MSSP) to the healthcare industry announced a majority investment led by Silversmith Capital Partners and Health Velocity Capital with participation from Nordic Consulting.

KeyCare Completes $27M Series A Investment Round to Expand Adoption and Grow Capabilities of its Epic-based Virtual Care Platform
KeyCare (@KeyCareInc), the nation’s only virtual-first care platform built with Epic, announced the completion of its Series A funding round following new investments from Ziegler and two additional health systems. This expanded backing brings KeyCare’s total Series A raise to over $27 million.

Making the Cut, Milestones, Accolades, Awards and More

VisiQuate’s Payer Action Center delivers $4M in revenue for early adopter cohorts
VisiQuate’s (@VisiQuate) Payer Action Center (PAC) has driven over $4M in revenue and significant time savings for a small cohort of early adopter healthcare systems.

AvaSure Experiences Record-Breaking Growth in 2022 as Customer Base Tops 1,000 Hospitals
Fueled by widespread healthcare staffing shortages, rising labor costs and the surge in demand for virtual care, AvaSure (@avasure), the inventor of the TeleSitter® solution and the market leader in acute virtual care and remote safety monitoring, announced that it experienced record growth in 2022, with a customer base that now tops 1,000 hospitals.

Curebase Celebrates Year of Growth, Organizational Maturity
Curebase (@CurebaseDCT), a company committed to democratizing access to clinical studies, capped off a successful 2022 with continued growth, maturity, and expansion of its footprint in the decentralized clinical trials (DCT) market.