Baxter (NYSE:BAX) announced today that it completed its previously announced $12.5 billion acquisition of Hillrom (NYSE:HRC). Deerfield, Illinois–based Baxter paid $156 in cash for each outstanding share of Hillrom common stock, totaling a purchase price of $10.5 billion. Adding in the assumption of Hillrom’s outstanding debt obligations, the transaction’s enterprise value comes to approximately $12.5 […]
Digital Health
LiveCare, AliveCor partner to launch at-home remote cardiac monitoring
LiveCare announced today that it successfully integrated AliveCor’s KardiaMobile 6L electrocardiogram (EKG) device into its platform. New York-based LiveCare said in a news release that it integrated KardiaMobile 6L, a clinically-validated personal EKG device, within its LiveCare Link+ smart RPM gateway. Through the integration, patients and caregivers will receive real-time EKG monitoring at home or […]
Pear Therapeutics closes SPAC merger, lists on Nasdaq
Pear Therapeutics today began trading on the Nasdaq market following the completion of a previously announced merger at the end of last week. Boston-based Pear confirmed in June that it would go public by merging Thimble Point Acquisition Corp., a special purpose acquisition company (SPAC). Following approval from Thimble Point’s stockholders at the end of […]
Respira Labs seeks FDA clearance for its wearable lung monitor
Respira Labs recently announced that it has developed a wearable device that continuously assesses lung function without the need for traditional pulmonary function tests. Mountain View, California-based Respira Labs designed its Sylvee wearable initially to assess chronic obstructive pulmonary disease, COVID-19 and asthma patients. It is embedded with speakers and microphones that measure a change […]
Bigfoot Biomedical touts cloud-based program for managing diabetes
Bigfoot Biomedical officials think their Bigfoot Unity diabetes management program and Bigfoot Clinic Hub could up the game in the space. Milpitas, California-based Bigfoot designed the Bigfoot Unity platform to allow healthcare professionals (HCPs) to review patient data. The information comes from the patient’s prescribed Bigfoot Unity system, integrating with Abbott’s FreeStyle Libre 2 continuous […]
Best Buy spends $400M on Current Health and its digital health tech
Best Buy (NYSE: BBY) recently confirmed that it spent $400 million to acquire Current Health as it continues to offer more digital health products. Current Health (Boston and Edinburgh, Scotland) is the creator of a remote patient monitoring platform that allows physicians to monitor and connect with patients in their homes. Its platform includes an […]
BD names new chief scientific officer
BD (NYSE:BDX) announced today that it appointed Dr. Joseph M. Smith as its new senior vice president and chief scientific officer. Franklin Lakes, New Jersey-based BD said in a news release that Smith’s position with the company has been made effective today. Smith will be responsible for external innovation and BD’s technology roadmap for smart […]
Philips launches AI-enabled MR portfolio
Royal Philips (NYSE:PHG) announced today that it launched a new magnetic resonance (MR) imaging portfolio powered by artificial intelligence (AI). Amsterdam-based Philips launched the new AI-enabled innovations for speeding up MR exams, streamlining workflows, optimizing diagnostic quality and helping to ensure the efficiency and sustainability of radiology operations at the Radiological Society of North America […]
Luma Health raises $130M Series C for patient engagement platform
Luma Health announced today that it raised $130 million in a Series C financing round, bringing its total funding to $160 million. FTV Capital, a sector-focused growth equity investment firm, led the financing, which also included participation from existing investors. San Francisco-based Luma Health said in a news release that it currently remains on track […]
Philips adds Medchat’s live chat and chatbot to its Patient Navigation Manager
Royal Philips (NYSE:PHG) announced today that it is collaborating with MedChat to integrate live chat services into its Patient Navigation Manager. Amsterdam-based Philips’ collaboration with MedChat aims to utilize the live chat and AI-powered chatbot services to help improve call center efficiency and increase the speed at which patient inquiries are resolved, according to a […]
FDA grants breakthrough nod to Pear Therapeutics’ alcohol use disorder treatment platform
Pear Therapeutics announced today that it received FDA breakthrough device designation for its reSET-A prescription digital therapeutic. Boston-based Pear Therapeutics designed its reSET-A PDT product candidate for treating alcohol use disorder (AUD), adding to the company’s portfolio of PDTs for treating substance use disorder (SUD) and opioid use disorder (OUD). The breakthrough device designation granted […]