Health IT Business News, Financial Edition – June 13, 2024

Trending News

Persistent Systems Selects Zscaler to Launch Technology Modernization and Renewable Energy Initiatives
Zscaler, Inc., a provider of cloud security, announced that Persistent Systems, a global organization delivering digital engineering enterprise modernization services and solutions, is leveraging the Zscaler Zero Trust ExchangeTM cloud security platform to drive its zero trust initiatives while concurrently expanding its business operations and achieving their environmental sustainability objectives.

DHA chooses MediQuant
MediQuant was selected by the US Defense Health Agency (DHA) to help consolidate all clinical data across the Military Health System as it transitions to a new enterprise EHR platform.

Zscaler Copilot, Advanced by NVIDIA AI Enterprise, Delivers Security Controls to Proactively Defend Against New Cyber Threats
Zscaler, Inc., a provider of cloud security, announced a collaboration with NVIDIA to accelerate AI-powered copilot technologies. Zscaler will leverage NVIDIA AI technologies to deliver new user experience and security-centric copilot services to the enterprise.

Mergers and Acquisitions

Asensus Surgical Announces Signing of Definitive Merger Agreement with KARL STORZ
Asensus Surgical, Inc., a global provider of innovative digital solutions for the operating room, announced that it has entered into a definitive merger agreement with KARL STORZ Endoscopy-America, Inc., a wholly owned direct subsidiary of KARL STORZ SE & Co. KG, an independent, family-owned global medical technology company.

Evolent signs agreement to acquire artificial intelligence utilization management products and team from Machinify
Evolent Health, Inc., a company focused on achieving better health outcomes for people with complex conditions, announced it has entered into an agreement to acquire certain assets of Machinify and the exclusive, perpetual and royalty-free license of Machinify Auth.

Contract Announcements

CenTrak Announces Partnership with The Leapfrog Group
CenTrak, a provider of real-time location technology solutions, announces its partnership with The Leapfrog Group, an independent national watchdog organization focused on healthcare safety.

WellSpan & Concert Health partner to expand same-day access to behavioral health services
Concert Health, a collaborative care platform, announced a partnership with WellSpan Health, an integrated delivery system serving South Central Pennsylvania and northern Maryland, to expand access to same-day, high-quality behavioral health services alongside primary care.

Ohio Hospital Association Names PointClickCare an Official Corporate Partner
PointClickCare, a healthcare technology platform enabling meaningful care collaboration and real-time patient insights, is proud to announce an official partnership with the Ohio Hospital Association (OHA).

Rimidi Partners with University of South Carolina to Improve Postpartum Care for New Mothers
Rimidi, a digital health company that supports healthcare providers in the delivery of remote patient monitoring and chronic disease management with EHR-integrated software, services, and connected devices, announced its partnership with the University of South Carolina and an affiliated multispecialty clinic.

Venture Capitol and Funding

Eko Health Raises $41 Million to Scale AI-Driven Heart & Lung Disease Detection
Eko Health, a company applying artificial intelligence for early detection of heart and lung diseases, announced it has raised $41 million in Series D financing.

Canary Speech Secures $13 Million in Series A Funding to Change How Organizations Screen for Mental Wellness and Cognitive Health
Canary Speech, Inc., an AI-powered voice biomarker health tech company, has secured a $13 million Series A funding round led by Cortes Capital, LLC, with participation from Sorenson Communications, LLC., and Hackensack Meridian Health.

Community Health Network, Tampa General, and Texas Health Resources Join DexCare as Investment Partners
DexCare, Inc. announced the addition of three strategic investors, Community Health Network, Tampa General and Texas Health Resources.

Making the Cut, Milestones, Accolades, Awards and More

John Snow Labs Named 2024 Databricks Growth Data Partner of the Year
John Snow Labs, the AI for healthcare company, announced that it has been honored as the 2024 Databricks Growth Data Partner of the Year. The award was presented at the annual Data + AI Summit.

Behavioral Health Collaboration Reduces Emergency Department Length of Stay by 64%
A recent collaboration between Conduit Health Partners and Mercy Health — Springfield Regional Medical Center has significantly streamlined care transfers of behavioral health patients from the emergency department (ED) to appropriate care settings. Early data demonstrates strong efficacy of the collaboration, which resulted in a 64% reduction in ED length of stay, speeding time to treatment and improving overall staff and patient safety.

Aspen Physician Network Achieves Clinically Integrated Network Accreditation
Aspen Physician Network, PLLC, an independent multi-specialty physician network in Dallas-Fort Worth, announced that it has achieved its goal of accreditation as an officially recognized clinically integrated network (CIN) by URAC.