Google Cloud makes deep inroads into US healthcare with Hackensack partnership

Key Insights and Signals – Hospital & Healthcare

Centre setup and expansion
Amedisys to open home Healthcare centers in Charlotte and Raleigh
Amedisys will open two start-up care centers to serve patients in the Charlotte and Raleigh markets, providing access to more than 350,000 Medicare and more than 100,000 Medicare Advantage enrollees. Under the terms of the agreement, Amedisys also acquires the right to expand certified home health care services in Mecklenburg County, and Wake County, and surrounding counties, including Union, Wayne, Wilson, and Anson. Read More>>
Executive Movement
Blue Cross and Blue Shield of Minnesota, with parent company Stella, promoted Dana Erickson to President and CEO
Erickson has been a member of the organization’s senior leadership team since 2019 when she was appointed as Senior VP and President of the Health Services division. Erickson joined Blue Cross in 2015 as senior director of care management before being named as VP of the same division the following year. Read More>>
RWJBarnabas officially names CEO and President for Saint Barnabas Medical Center
RWJBarnabas Health formally appointed Richard Rick Davis as the CEO and President of Saint Barnabas Medical Center in Livingston. Davis joined the health care provider in 2012 as Senior VP and CFO. Davis’ most recent accomplishments at SBMC include completing the financial analysis of the USD 200 Mn Cooperman Family Pavilion and securing all necessary approvals. Read More>>
Independence Blue Cross and Podimetrics collaborate to prevent Diabetic Amputations
As part of the deal, Podimetrics will remotely monitor Independence’s fully insured commercial members who have diabetes and a history of a diabetic foot ulcer with the use of the cellular-connected SmartMat. The SmartMat can detect warning signs of diabetic foot complications up to five weeks before they present clinically, allowing for early interventions to help prevent diabetic amputations. Read More>>
Mergers and Acquisitions 
Unimed acquires modern Robotic Visualization System from German ZEISS 
The system is an advanced microscope for neurocranial surgeries, such as brain tumors, brain aneurysms, and cerebral arteriovenous malformation. By making the neurosurgeons work safer and more precisely, it also makes the surgical process less invasive and reduces the possibility of injuries and neurological sequelae for patients. Read More>>
Dr. Lal PathLabs acquires Suburban Diagnostics
The deal provides Dr. Lal Pathlabs with access to over 150 collection centers, 44 laboratories, and diagnostics centers of Suburban, out of which one is CAP-accredited, and five are NABL-accredited. Suburban Diagnostics founder Dr. Sanjay Arora will join Dr. Lal Pathlabs as Group Medical Director. Read More>>
SonderMind buys Qntfy to integrate machine learning into mental healthcare
Qntfy collects mental health and biometric data from patients from multiple sources like wearables and mobile apps, and analyzes that data to identify treatment options. SonderMind will use Qntfy’s data learning tools to personalize mental health care to each user, allowing providers to focus on their patients. Read More>>
Premier Health and Wayne HealthCare expand telehealth partnership
Both companies are once again expanding their telehealth partnership to include teleneurology services, called NEUROne, for patients who have non-emergency neurological conditions. The program will suit patients with general neurological conditions, including headache, seizure, stroke, and neuromuscular disorders. Read More>>
Hackensack Meridian Health and Google expand partnership to improve patient care
Hackensack Meridian has fully transitioned to Google Workspace and Chrome OS devices, improving data security, practitioner productivity, and healthcare delivery. Google Cloud and Hackensack are also partnering to deploy Google Cloud’s AI/ML offerings to aid physicians and allow them to provide better care. Read More>>
NorthShore University HealthSystem partners with TytoCare to expand telehealth offerings
Through the partnership with TytoCare, NorthShore will expand its virtual care options and ensure that telehealth remains a pillar of patient care moving forward. Integrating the TytoCare device and platform into NorthShore’s current telehealth appointments enhances the health system’s ability to diagnose and treat patients remotely with in-depth physical examinations during video visits. Read More>>
NextGen partners with Validic to incorporate Remote Patient Monitoring
NextGen Healthcare intends to incorporate real-time remote patient monitoring (RPM) into its NextGen Virtual Visits telehealth solution seamlessly integrated with NextGen electronic health records (EHR). NextGen’s client White House Clinics is leveraging NextGen RPM powered by Validic to develop and manage a number of chronic-condition treatment plans for patients. Read More>>

Key Insights and Signals in Insurance and Financial Services in Healthcare

Executive Movement
Liberty Mutual Insurance appoints Neal Bhatnagar as Executive VP, Major Accounts Casualty and Global Risk Solutions
Based in Chicago, Bhatnagar will oversee the underwriting and risk management teams for a national accounts portfolio across such industries as construction and healthcare, and excess casualty and Liberty’s growing sharing economy expertise. Bhatnagar previously served as Head of Field Operations at Chubb Global Casualty, overseeing Chubb’s US Risk Management and Multinational Casualty business. Read More>>
Aviva adds Martin Strobel as Independent non-exec Director
Strobel was most recently the Senior Independent Director of RSA Insurance Group and has held a number of such roles during his career. Martin is an accomplished director in insurance and private equity, and his business leadership and non-executive experience in both sectors make him a valuable addition to the Aviva Board. Read More>>
AmeriHealth Caritas promotes Rebecca Engelman to Executive VP, Medicaid Markets
Engelman will be  responsible for the growth, development, and retention of the company’s Medicaid managed care business and executing high-quality services across all its markets, including long-term services and supports (LTSS) solutions. Prior to this, Engelman successfully served in various roles at AmeriHealth Caritas, including Regional President. Read More>>
Humana to include Northeast Georgia Health System and others in its Medicare Advantage network
The agreement gives Humana Medicare Advantage members in-network access to medical facilities and physicians at Northeast Georgia Medical Center, Northeast Georgia Physicians Group, Georgia Heart Institute, Longstreet Clinic, Habersham Medical Center and more. Read More>>
Exela Technologies partners with CareSource to accelerate digital transformation
Exela will deploy its cloud-based PCH Global platform to help accelerate CareSource’s digital transformation journey. This highlights the Company’s ability to rapidly implement PCH Global for claims and correspondence submitted by providers, in this case, providing quality healthcare coverage for Medicaid consumers from several states across America. Read More>>

Key Insights and Signals in Medical Devices

Centre setup and expansion
Arthrex is investing USD 100 Mn in Anderson County expansion
The expansion includes a second manufacturing plant and an electron beam and x-ray sterilization facility. This investment will help Arthrex better support the growth and development of new and innovative products that enable surgeons to treat their patients better and create over 500 new jobs. Read More>>
3M and Thermo Fisher partner to increase efficiency and scalability in commercial therapeutic manufacturing
The collaboration between 3M and Thermo Fisher will enable manufacturers to capture high cell-density cultures to improve harvesting and clarification and optimize manufacturing capacity, quality and efficiency. Released in June 2021, the 3M Harvest RC is 3M’s newest solution that utilizes proprietary fibrous chromatography media to deliver a single-stage purification solution for recombinant protein therapeutics manufacturing. Read More>>
Mergers and Acquisition
Bioventus completes the acquisition of Misonix
Misonix has now become a wholly-owned subsidiary of Bioventus. The completed transaction creates a high-growth medical device company that will conduct business as Bioventus Inc. Together, the companies will have a significant sales force focused across surgical applications in spinal fusion, neurosurgery of the cranium, and wound treatments, including diabetic foot ulcers. Read More>>
Volumetric to be acquired by 3D Systems to advance tissue and organ manufacturing
As part of the transaction, 3D Systems will pay USD 45 Mn once the deal closes and up to USD 355 Mn over the next several years. All payments will be a mix of cash and stock, and if all targets are met, the total purchase price will be USD 400 Mn. The companies will advance tissue and organ manufacturing in various research centers, otherwise known as Bioprinting. Read More>>
Teijin Nakashima Medical to acquire Otsuka Group’s KiSCO
KiSCO has been developing and selling implant products such as spinal fixation materials and osteosynthesis materials as a subsidiary of Otsuka Medical since 2011. Teijin has been steadily expanding its commercial involvement with implantable medical devices. Teijin Nakashima Medical will assume the spine and trauma business of KiSCO on the 1st day of February 2022. Read More>>
Executive Movement
Integra LifeSciences appoints Jan De Witte as President and CEO
Mr. De Witte will join Integra before the year-end and be appointed to Integra’s board of directors. With over two decades in the healthcare industry, De Witte brings global public company leadership experience and deep technological, operational, and commercial expertise to Integra. Before this, De Witte served as CEO of Barco N.V. for five years. Read More>>

Key Insights and Signals in Pharmaceutical

Roche and the Zur Rose Group partner to offer innovative health journeys for diabetic patients
The collaboration will empower people with diabetes to self-manage their condition for a better quality of life and enable healthcare professionals to provide optimal and integrated care efficiently. As part of the collaboration, Roche Diabetes Care and the Zur Rose Group are connecting their healthcare products and solutions and those of best-in-class third parties to improve the lives of people with diabetes. Read More>>
Mergers and Acquisition
Takeda to buy GammaDelta for allogeneic cell therapies development
Takeda Pharmaceutical has exercised its option to acquire GammaDelta Therapeutics to accelerate the development of allogeneic T cell therapies to address solid tumors. In 2017, the companies formed a multi-year collaboration to develop GammaDelta’s T cell therapy platforms. Takeda secured an equity stake and a right exclusively to acquire GammaDelta. Read More>>
Executive Movement
Alnylam founding CEO Maraganore steps down after pioneering RNA interference therapy
Maraganore joined Alnylam as its founding CEO in 2002 after a stint at Millennium Pharmaceuticals, which is now part of Takeda. During his tenure, Alnylam translated the Nobel-winning RNA interference technology into the first FDA-approved product, Onpattro, in 2018 after navigating multiple setbacks and the loss of Pharma partnerships in the field. Read More>>

Latest Industry Insights from Draup Braindesk

With the emergence of IoT in the healthcare industry, hospitals collaborate with solution providers to leverage telemedicine and remote care tools to provide a better patient experience.
  • Sheba Medical Center partnered with InTouch Health to use its robotic telemedicine solution to monitor COVID-19 patients’ vital signs, including heart rate.
  • Zyter, a digital health and IoT-enablement platform, launched Zyter Smart Hospitals, an end-to-end intelligent solution that connects a hospital’s disparate data systems, departments, people.
  • The NHS is conducting trials on an AI solution, allowing surgeons to rehearse brain aneurysms procedures. The technology will enable surgeons to select the optimal stent for risky operations.
Organization: Intuitive Surgical

Use Case: Surgery Assistant Robots

The advances in surgical products and technologies in the healthcare industry are creating more opportunities in the robotic surgery devices market. Augmented visualization and guidance, greater autonomy, and increased dexterity and precision are enabling increased usage of robots.

Intuitive Surgical, a global provider of robotic-assisted surgical technology and solutions, implemented da Vinci surgical robotic surgery for many intricate surgeries that require precision for cancer patients during radiation and chemotherapy. Its surgical platforms and diagnostic tools are helping doctors and hospitals make surgery less invasive.

The future of robotic surgery is moving towards more usable, intelligent automated systems that can perform a wide range of procedures, and this is where the opportunities lie. The company’s new products should push the boundaries on the types of procedures that can be performed using robotic assistance.

Key Funding Alert

Healthtech startup BlueSemi raises USD 69 Mn ahead of an IPO 
BlueSemi plans to utilize the funding to launch its flagship consumer healthtech product — a non-invasive device that analyses six key vitals like blood glucose, ECG, BP, HR, SPO2, and temperature in just 60 seconds. Read More>>

Startup Spotlight

Company – Seer 
Total Funding USD 25.29 Mn
About: Seer is a medical technology company that specializes in the diagnosis and management of neurological conditions. Its technology consists of wearable devices, a cloud platform, and machine learning systems. Read More>>

Latest Reports Published in Draup

CordenPharma Account Intelligence Report: CordenPharma focuses on the Drugs Platform Enhancements to improve pharmaceutical business capabilities. The company also aims to produce mRNA (messenger RNA) coronavirus vaccines developed with Lipid NanoParticle (LNP) delivery systems by enhancing lipid purification capacity. Read More>>
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