Trending News
DirectTrust and GLEIF Partner on Verifiable Organizational Identity for Healthcare
DirectTrust and the Global Legal Entity Identifier Foundation announced a partnership to develop a Qualification Agent model supporting adoption of verifiable Legal Entity Identifiers in U.S. healthcare. The initiative would enable qualified organizations to help establish and verify digital organizational identities, supporting trusted electronic transactions and healthcare information exchange.
Vera Health Raises $32 Million for clinical AI search platform
Vera Health announced a $28.5 million Series A led by Threshold Ventures, with participation from Mantis VC and SV Angel. Existing investors Y Combinator and Gradient tripled down, bringing the company’s total funding to $32 million. The company will use the funds to expand its clinical AI platform  and build partnerships with medical societies, publishers and health systems.
Southwest General Expands its Partnership with Oracle
Oracle announced that Southwest General Health Center in Ohio is expanding its technology relationship to include Oracle Health Patient Accounting, Oracle Health Data Intelligence and Oracle Fusion Cloud Applications. The expansion builds on Southwest General’s existing Oracle Health electronic health record and AI documentation capabilities and will integrate clinical, revenue cycle, financial and operational information across the organization.
The Springs Living and PointClickCare Announce Technology Co-Development Partnership
The Springs Living and PointClickCare announced a strategic partnership to develop technology connecting senior living communities with healthcare services. The agreement will involve PointClickCare working with frontline teams at several Springs Living communities in Oregon to design, test and implement technology supporting resident care and staff workflows.
Hackensack Meridian Health Commits $30M to Epic Implementation as Part of Hunterdon Health Merger
Hackensack Meridian Health and Hunterdon Health announced a definitive agreement for Hunterdon Health to join the Hackensack Meridian network. As part of the proposed merger, Hackensack Meridian will invest $200 million in facilities, programs and expanded access to care, along with $30 million to implement the Epic electronic health record across Hunterdon Medical Center, ambulatory locations, affiliated practices and participating independent physicians. The transaction remains subject to regulatory approval.Â
Mergers and Acquisitions
Austco Healthcare to Acquire RTM Solutions and CareTech SystemsÂ
Austco Healthcare announced agreements to acquire RTM Solutions, a provider of real-time monitoring and systems-integration software for healthcare facilities, and CareTech Systems, a developer of nurse call technology.Â
Contract Announcements
Pathos AI Signs $55M Data Agreement With Tempus AI, Expands Collaboration With Bristol Myers Squibb
Pathos AIÂ announced strategic collaborations with Bristol Myers Squibb and Tempus AI to advance AI-driven drug development for Alzheimer’s disease and other neurological conditions. Under a five-year, $55 million agreement, Tempus will develop a de-identified longitudinal dataset covering hundreds of thousands of patients with neurological conditions for use by Pathos. Bristol Myers Squibb will gain access to Pathos’ Foundry AI platform, including exclusive rights for neuroscience development programs over three years.
St. Luke’s Health System Selects hellocare.ai for Enterprise Virtual Care Deployment
hellocare.ai announced that St. Luke’s Health System selected its AI-assisted virtual care platform for deployment across hospitals and inpatient facilities in southern Idaho. The agreement includes virtual nursing, virtual patient observation, telehealth and AI-supported care coordination capabilities.
PacBio and Verily Health Announce Multiyear Collaboration for Biomedical AI
PacBio and Verily Health announced a multiyear strategic collaboration to integrate PacBio’s HiFi sequencing technology with Verily’s healthcare data and AI platform. The agreement will connect genomic sequencing workflows with clinical data to create datasets for biomedical research, AI model development and precision medicine applications.
Healthcare Triangle Subsidiary Secures Multiyear Health IT Contracts
Healthcare Triangle announced that its Purpose Health subsidiary signed several multiyear agreements, including a master services agreement with a university health system for electronic health record optimization and cybersecurity services. The company also secured an agreement to provide IT services supporting a healthcare business unit’s global technology center and reported additional advisory work involving MEDITECH and rural health transformation initiatives.
Oracle and AstraZeneca Announce AI Collaboration for Clinical Research
Oracle and AstraZeneca announced a nonbinding agreement to explore applications of AI, cloud technology and real-world data in clinical research. The companies plan to evaluate tools for identifying clinical trial participants, improving evidence generation and connecting research insights with clinical workflows. Initial work will focus on hypertension care and clinical research in Abu Dhabi, with additional projects under consideration.
Venture Capitol and Funding
Kivo Health Raises $10M in Series A
At-home virtual care provider Kivo Health raised $10 million in Series A funding, to scale AI-powered care for seniors with chronic disease.
Sunlight AI Raises $17.4M in Seed Funding to Support Independent Medical Practices
Sunlight AI announced its launch and $17.4 million in seed funding to develop an AI-enabled operating platform for independent medical practices. The round was led by Lan Xuezhao, founder of Basis Set Ventures, with participation from Sofeon Ventures, Social Leverage, Actions Capital, Overlook Ventures and Early Light Ventures. The company also announced its acquisition of Bradford Medical Associates as part of its strategy to provide administrative, financial and operational support to independent physicians.
XRlabs Raises $8.4M in Seed Funding for AI-Powered Surgical Platform
XRlabs announced $8.4 million in seed funding led by Playground Global, with participation from Eka Ventures. The financing will support development and clinical deployment of the company’s AI powered surgical platform, which combines live surgical video, navigation data and patient imaging to provide real-time information during procedures. XRlabs also announced that former Medtronic Chairman and CEO Omar Ishrak has joined its board as chair.
Pathos AI Raises $237M Series E at $3B Valuation
Pathos AIÂ announced a $237 million Series E financing round led by Bristol Myers Squibb, with participation from existing investors. The round values the AI-driven drug development company at approximately $3 billion. The funding will support expansion of its Foundry AI platform and clinical development of its oncology pipeline.
Baba Raises $40M Series A to Expand AI-Enabled Medicare Care Coordination
Baba, an AI-enabled care coordination company serving Medicare and Medicaid populations, announced a $40 million Series A led by FirstMark Capital, with participation from CVS Health Ventures, Valtruis, General Catalyst, Genius Ventures and Ground Up Ventures. The funding will support expansion of the company’s clinical care teams, AI research and partnerships with health plans, as well as its value-based care arrangements.Â
Making the Cut, Milestones, Accolades, Awards and More
Hackensack Meridian Health Commits $30M to Epic Implementation as Part of Hunterdon Health Merger
Hackensack Meridian Health and Hunterdon Health announced a definitive agreement for Hunterdon Health to join the Hackensack Meridian network. As part of the proposed merger, Hackensack Meridian will invest $200 million in facilities, programs and expanded access to care, along with $30 million to implement the Epic electronic health record across Hunterdon Medical Center, ambulatory locations, affiliated practices and participating independent physicians. The transaction remains subject to regulatory approval.Â