PE Backed HealthTech Firm ABILITY Network Secures $545m Debt Round

sourced

Categories

Via News Release

“MINNEAPOLIS, Dec. 14, 2017  — ABILITY Network (ABILITY), a leading healthcare information technology company, today announced that it has closed a debt issuance totaling $545 million.

Proceeds will be used to replace existing debt at lower rates and extended maturities, fund cash to the balance sheet for growth and pay a dividend to shareholders. The new debt financing, along with ABILITY’s strong performance, returns leverage ratios to the same level as when Summit Partners and Bain Capital Ventures invested in ABILITY in 2014.”

Read More »

Local Startup Kwikly Debuts On Demand Labor App For Dentists

Categories

It probably isn’t too hard for you to envision an unsettling scenario at the dentist’s office.  And it probably involves a large and menacing drill.

But allow me to pose a different type of scenario – a pain that frequently happens on the other side.

Say you operate a small dental practice and your hygienist just called in at 6:30 in the morning to tell you she’s ill and won’t make it in today. You have 10 patients scheduled for the day ahead, and more than $3,000 in production on the line. Going it alone isn’t really an option.

Read More »

~200 Person Mpls. HealthTech Firm VitalHealth Software Sold To Philips

sourced

Categories

Via News Release

“Amsterdam, the Netherlands – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced that it has acquired VitalHealth, a leading provider of cloud-based population health management solutions for the delivery of personalized care outside of the hospital, for example, in regional care networks. Headquartered in the Netherlands, VitalHealth’s products and services are being used by more than 100 healthcare networks in various countries including the US, India, China, Sweden, Germany, Belgium and the Netherlands. The company was founded in 2006 by Mayo Clinic (US) and Noaber Foundation (the Netherlands) and employs approximately 200 employees. Financial details of the transaction were not disclosed.”

Read More »

TreeHouse Health Backs Another HealthTech Startup: PharmID

sourced

Via News Release

TreeHouse Health, an innovation center designed to invest in emerging healthcare companies and help accelerate their growth, announces an investment in PharmID, Inc., a drug verification solution that effectively and efficiently improves the medication preparation process in hospitals and clinics.”

Read More »

A Minneapolis HealthTech Startup With Ties To U of M & Mayo Is Raising $500k

sourced

Minneapolis healthtech startup ProValens is raising $500k of equity investment with $250k of that amount already secured per this SEC disclosure.

The company has licensed IP from the University of Minnesota that is focused on helping patients, providers and care givers find health information and local services. The Mayo Clinic is also tied into things:

Read More »

Revel Rakes In $17m From TT Capital Partners

sourced

Categories

Via News Release

“MINNEAPOLIS, Nov. 29, 2017 /PRNewswire/ — Revel, a leading health engagement company, announced today it has secured a growth equity investment of over $17 million from TT Capital Partners (“TTCP”). The investment will accelerate Revel’s expansion into new target markets and advance the innovation and technology development for Revel Connect, the industry’s leading health engagement platform. Revel is known for its unique ability to engage health insurance members in their own healthcare, enabling the healthcare system to support the individual, deliver better health outcomes and reduce unnecessary costs.”

Read More »

How Minneapolis Startup Carrot Health Keeps Consumers At The Center Of Healthcare

sourced

Categories

By Erin Dietsche, MedCity News

“Minneapolis, Minnesota-based Carrot Health was founded around a simple question: Since companies like Target are so sophisticated in understanding their customers, why isn’t the healthcare sector moving in the same direction?

In 2014, the startup’s four founders — Kurt Waltenbaugh, Won Gabriel Chung, Steve Sigmond and Derek Rucker — got together to find an answer, and Carrot Health was born.”

Read More…

Coming Soon: The Ultimate Guide To HealthTech In Minnesota v2

by The TECHdotMN Team

Categories

The Ultimate Guide To HealthTech In Minnesota v2 is now is underway!

V1 was originally released in July 2017 thanks to underwriters: TreeHouse Health, Andcor, Healthcare.MN, CRESA, Fredrikson & Byron, and MentorMate.  To be considered for inclusion in the next pass, make sure your healthtech company is listed in the database by 11/30.

Post Navigation