SteadyMD, a telehealth infrastructure company, acquired BlocHealth, a clinician licensing, credentialing, and payer enrollment platform for an undisclosed amount. The deal will expand SteadyMD’s licensing and credentialing capabilities for its in-house clinicians, as well as its partners who have their own clinicians. With the deal, SteadyMD said it’s the first telehealth infrastructure provider to offer both a 50-state clinician workforce and a full-service licensing and credentialing platform.
Florence Healthcare, a remote connectivity and electronic document workflow management platform for clinical trials, closed $27 million in a Series C-1 funding round. The capital will be used to increase staffing and accelerate connectivity across its platform currently serving 100 million research documents. To date, Florence Healthcare has raised $114.1 million. The round was led by Insight Partners.
Medallion, a provider management platform company, raised $35 million in Series C funding. The round was co-led by Spark Capital and GV, with participation from Salesforce Ventures, Sequoia Capital, Optum Ventures, BoxGroup and Elad Gil. The round comes only six months after its $30 million Series B in November. The company’s total funding is $85 million.
Other funding rounds and deals:
• Sitka, a value-based care platform for providers, is partnering with ChenMed to provide specialty care to ChenMed’s employees.
• Auxilius, a clinical trial management software platform, raised $10 million in its Series A funding round.
• MyOme, a genome sequencing provider, raised $23 million in a Series B financing round.
• Rivet, a healthcare billing platform providing transparency for patients and providers, raised $20.5 million in a Series B funding round.
• Psyomics, a digital mental health assessment platform, raised $3 million in a funding round. The platform is a spin-out from the University of Cambridge.
• AiVF, an AI fertility intelligence platform, raised $25 million in a Series A funding round.
• Vamstar, an AI healthcare supply chain platform for medical supplies and pharmaceuticals, closed $9.5 million in Series A funding.
• Global Premier Fertility, a company that builds and manages fertility clinics and adjacent clinics, closed an $11 million Series C funding round.
• Kins, hybrid care physical therapy practice, raised $7.2 million in a seed funding round.
• TELUS Health, a digital health solutions provider, acquired LifeWorks, a provider of telemedicine and in-person mental health and total wellbeing solutions for employees
• UnitedHealth Group's Optum UK agreed to acquire EMIS Group, a provider of healthcare software, information technology, and related services in the UK for $1.5
• Linden Capital Partners, a private equity firm focused exclusively on the healthcare industry, signed a definitive agreement to acquire a majority stake in Aspirion, a provider of revenue cycle management services for complex healthcare claims.
• TPG Capital, a private equity firm, agreed to acquire Convey Health Solutions, an advisory and software solutions company for health plans
• Kins, a hybrid in-person and virtual care practice for injury and chronic pain, raised $4 million in seed funding.
• Idoven, an AI-powered early detection, ECG interpretation, and precision medicine platform for cardiovascular diseases, raised $12.9 million in a Series A funding round.
•. Elucid, an AI-powered computed tomography angiography (CTA)-based arterial analysis software, raised $27 million in a Series B funding round.
If there is a digital health funding or M&A deal that we missed from this past week here, please email us.
Digital Health Business & Technology’s data team contributed to this roundup.