Health IT Business News, Financial Edition March 21, 2024

Trending News

Syllable Corporation Announces Purchase of Actium Health
Syllable, a provider of healthcare artificial intelligence and process automation, announced its purchase of Actium Health. Actium Health will operate as a division of Syllable Corporation.

Zscaler acquires Avalor to unleash the power of enterprise security data with Avalor’s Data Fabric for Security
Zscaler, Inc., a cloud security provider, announced another major leap forward in artificial intelligence (AI) innovations that extends the Zscaler Zero Trust Exchange™ data, from more than 400 billion daily Zscaler transactions with Avalor’s Data Fabric for Security with over 150 pre-built integrations enabling customers to proactively identify and predict critical vulnerabilities as well as improve operational efficiencies.

SES Notify Fast-Tracks Delivery of Retina Labs’ Diabetic Retinopathy Diagnosis to Close Care Gaps and Reduce the $500M in Healthcare Spend
Secure Exchange Solutions (SES), a Centauri Health Solutions company, and provider of interoperable, cloud-based clinical exchange and data insight technology, announced that Retina Labs, a provider of diabetic eye disease and preventative health screening, selected SES to support their in-home diabetes testing for diabetic retinopathy and other ocular and diabetes-related diseases.

NextGen Healthcare Chosen by United Medical Centers to Support Integrated Care Delivery in Communities at United States-Mexico Border
Driven by its mission of delivering high-quality, affordable healthcare across highly bilingual communities on the United States-Mexico border, United Medical Centers (UMC Health) has chosen NextGen Healthcare as its healthcare technology partner.

Mergers and Acquisitions

Linus Health Acquires Aural Analytics
Linus Health, a digital health company enabling early detection of Alzheimer’s and other dementias, today announced it has acquired Aural Analytics, a leader in clinical-grade speech analytics.

Anatomy IT Expands Healthcare Specialties Expertise with Acquisition of Managed IT Services Leader
Anatomy IT, a platform for healthcare IT and cybersecurity solutions, and a portfolio company of Atlantic Street Capital (“ASC”) announced the acquisition of Manta HealthTech, a healthcare-focused managed IT services firm, to expand its footprint in healthcare subverticals, including dental and optometry.

ACU-Serve Acquires Beyond HME, Paving the Way for Strategic Expansion
ACU-Serve, a provider of healthcare solutions, is proud to announce its recent acquisition of Beyond HME, located in Siesta Key, Florida. This strategic move signals a significant step forward for ACU-Serve as it expands its footprint in the healthcare industry and enhances its service offerings.

Contract Announcements

DAX Copilot to Automate the Creation of Clinical Documentation at Stanford Health Care
Nuance Communications, a Microsoft Company, announced that Stanford Health Care – Stanford Medicine is deploying Nuance Dragon® Ambient eXperience™ (DAX™) Copilot across the enterprise to reduce heavy administrative workloads that lead to physician burnout and expand access to personalized, high-quality care by automating the creation of clinical documentation during patient exams.

IGEL Teams with Insentra and Insight to Help Western Health Improve
Western Health, one of Australia’s healthcare providers, has chosen IGEL, provider of the secure endpoint OS for now and next, to modernise its endpoint infrastructure and streamline its management systems, with guidance from its technology consulting partners, Insentra and Insight.

Solace Behavioral Health Selects Core Solutions’ Cx360 EHR
Core Solutions, Inc., (Core) is pleased to announce that Solace Behavioral Health has selected its Cx360 behavioral health electronic health record (EHR) solution. This selection reflects the organization’s ongoing commitment to incorporating cutting-edge solutions that strengthen access to mental health and substance use care and deliver positive outcomes.

Northern Health Selects Datos Health for Care Pathway Automation
Datos Health, a global leader in remote care automation, announced the company’s Open Care platform, was chosen by Northern Health, a major Australian healthcare provider.

Venture Capitol and Funding

PaxMedica Updated Company Presentation Highlighting Innovations in Autism Spectrum Disorder Treatments
PaxMedica, Inc., a biopharmaceutical company focused on advancing treatments for neurological disorders, announced the release of its latest company presentation. This comprehensive overview showcases PaxMedica’s strategic direction, recent advancements in ASD therapeutics, and its commitment to addressing unmet needs within the ASD community.

HiLabs Announces Closing of $39 Million Series B Financing to Advance its AI-powered Data Management Solutions for Healthcare Organizations
HiLabs, a provider of AI-powered solutions to manage dirty data, unlocking its hidden potential for healthcare transformation, announced a $39 million Series B financing.

Making the Cut, Milestones, Accolades, Awards and More

Aledade Expands Value-Based Care Support Nationwide for 2024
Aledade added more than 400 new primary care practices, clinics and community health centers, and more than 60 health plan contracts, to its network for 2024, further expanding its reach as the largest and most successful enabler of physician-led value-based care in the United States.

Vytalize Health Ranks No. 5 Among Healthcare Companies Named to Forbes’ 2024 List of America’s Best Startup Employers
Vytalize Health, a risk-bearing provider enablement platform, announced it has been ranked 5th among healthcare organizations and 80th overall nationally in the Forbes list of America’s Best Startup Employers for 2024.

athenahealth Delivers Value-Based Care Success, Enables Significant Growth for Integrated Medical Services
athenahealth, Inc., a provider of network-enabled software and services for medical groups and health systems nationwide, announced that Integrated Medical Services (IMS) – a 75-provider medical group in Arizona with primary care, cardiology, neurology, and six other specialties – celebrated a year of exceptional growth and success with athenahealth.