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Key Insights and Signals – Hospital & Healthcare
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Providers – Hospital
Mergers and Acquisition
Capital Health to acquire Trinity Health’s St. Francis Medical Center
The addition of St. Francis Medical Center to the Capital Health network of health care services will result in an integrated, comprehensive, and sustainable non-profit health care system for communities in the greater Trenton area. Read More>>
Intermountain Healthcare signs intent to merge with SCL Health
According to IHC officials, upon completion of the merger, the new system will employ more than 58,000 caregivers, operate 33 hospitals, run 38 clinics across six states, and provide health insurance to over one million people. Read More>>
Owens & Minor to acquire Apria for USD 1.5 Bn
This acquisition diversifies the company’s total revenue stream by expanding its presence in the higher-growth home healthcare market. The acquisition will supplement Owens & Minor’s Patient Direct portfolio of diabetes, ostomy, incontinence, and wound care. Read More>>
Partnership
Optum and MarinHealth form a strategic partnership
Under the partnership, MarinHealth will employ Optum technology to streamline non-clinical administrative processes and simplify experiences for patients and providers. Optum also will provide revenue cycle management services and supporting technologies. Read More>>
Springfield Clinic partners with Cedar to improve patients’ digital experience
The implementation of Cedar’s solution is an integral part of Springfield Clinic’s commitment to creating a cohesive digital engagement strategy for all patient interactions with their more than 600 providers of primary and specialty healthcare. Read More>>
Executive Movement
Hartford HealthCare names Joel Vengco as Chief Information and Digital Officer
Mr. Vengco joins the organization from Baystate Health in Springfield, where he has served as Senior VP and Chief Information and Digital Officer since 2020. Vengco was selected following a national search for experienced executives to lead Hartford’s information and technology operations. Read More>>
Memorial Sloan Kettering appoints a new Chief Digital Officer
Rémy Evard will be tasked with developing a forward-looking digital strategy – putting analytics to improve science and research innovation. He’ll direct operations at MSK’s Digital Informatics & Technology Solutions, with more than 1,000 employees. Read More>>
Chubb names Shekar Pannala as VP, Chubb Group
Mr. Pannala will be responsible for the strategic direction and execution of Chubb’s global tech function across applications, operations, and architecture, as well as furthering the company’s digital capabilities. Read More>>
Deals
Stanford Health Care picks HeartVista’s One-Click MRI to deliver rapid, AI-powered Cardiac scans
The initial three-year agreement will enable Stanford Health Care to grow their cardiac MRI practice with on-site customer support and training provided by HeartVista. Read More>>
Payers – Insurance and Financial Services in Healthcare
Mergers and Acquisition
Lyra Health acquires ICAS World to expand its Mental Healthcare services globally
With this acquisition, Lyra and ICAS are setting a new standard for global mental health care. Companies worldwide will now have a single source for innovative, evidence-based, culturally responsive mental health benefits for employees and their families. Read More>>
Partnership
Atlantic Health System and Vouched partner to improve digital access to Healthcare
Vouched.ID will allow Atlantic to replicate in-person workflows online, such as examining government-issued photo identity documents. It will then use AI to compare with their live face scan, automating registration and getting patients access to their care team faster and safer than ever before. Read More>>
Executive Movement
Northern Light Health’s Senior VP and Chief Strategy Officer announced
Hugh Jones will be tasked with providing leadership for marketing and communications, strategic planning, grants and community health, external clinical affiliation relationships, and advocacy and government relations. Read More>>
Healthcare Tech – Tech companies in Healthcare
Mergers and Acquisition
Marlowe to acquire Optima Health for USD 175 Mn
Optima will aid Marlowe’s compliance vision and leadership in the regulatory compliance software and service arena. The combination of Optima with Marlowe’s GRC businesses is highly complementary and will enable them to offer customers a broader range of services. Read More>>
DaVita acquires transplant software company MedSleuth
With MedSleuth’s deep network and latest software, DaVita aims at strengthening its position in the transplant market. Further, the buyout will allow DaVita to evaluate transplant candidates with better efficiency. Read More>>
Symplr’s acquisition of Midas Health Analytics
The transaction is expected to close in the first quarter of 2022, subject to the satisfaction of customary closing conditions and regulatory approvals. Midas Health Analytics Solutions brings actionable data and insights to help Symplr’s health system clients improve patient care and deliver better outcomes. Read More>>
Partnership
Prime Healthcare, Carbon Health partner to provide exceptional care to patients
The collaboration brings Carbon Health’s modern urgent care clinics to Prime Healthcare markets, allowing patients to access care through virtual and streamlined in-clinic visits instantly. Read More>>
PierianDx and Biodesix partner to advance Lung Cancer Diagnostics
The partnership will provide PierianDx’s interpretation technology platform for use with the Biodesix’s newly launched GeneStrat NGS™, a blood-based tumor profiling test to detect actionable mutations in patients with non-small cell lung cancer. Read More>>
Lonza teams with Agilent to make cell therapy Cocoon platform smarter
Lonza will work with Agilent to define the ideal Critical Quality Attributes (CQAs) for cell therapy manufacturing and help better control the in-process controls and analytics of its patient-scale Cocoon platform. Read More>>
Executive Movement
Chubb names new Treasurer, CFO of North America
Drew Spitzer is the new treasurer of the company, while Kevin Harkin succeeds Mr. Spitzer as CFO for North America Insurance. Both executives have relevant industry experience and have held significant roles over the years. Read More>>
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Key Insights and Signals in Medical Devices
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Mergers and Acquisition signals
Argon Medical acquires Matrex Mold and Tool Inc.
Matrex produces metal injection production and prototype molds for the medical device, residential, and automotive industries. An organic capability to make production molds will help Argon maintain control and product quality for mainstream manufacturing as the company scales. Read More>>
Medtronic to acquire MedTech firm Affera for USD 925 Mn
The acquisition expands Medtronic’s portfolio of advanced cardiac ablation products and accessories to meet physician needs within a growing patient population. Affera specializes in designing and manufacturing systems for cardiac mapping and navigation and cardiac ablation technologies. Read More>>
Thermo Fisher Scientific’s USD 1.85 Bn acquisition of PeproTech
PeproTech’s recombinant proteins portfolio complements Thermo Fisher’s cell culture media products and will enable Thermo Fisher to provide customers significant benefits through an integrated offering. Read More>>
Partnership signals
Oncocyte announces agreement with Thermo Fisher Scientific
Oncocyte will clinically validate Thermo Fisher’s existing Oncomine Comprehensive Assay Plus on the Genexus System, paving the way toward IVD clearance for use in tumor profiling and future submissions as a companion diagnostic. Read More>>
Siemens Healthineers, Alameda Group sign MoU to support Egypt’s healthcare sector
The MoU defines critical focus areas including training and technical, clinical, and quality assurance educational support, as well as the provision of the latest medical technology. Other areas include support for educational initiatives and continuing education for medical professionals. Read More>>
Philips adds cloud-based AI 3D mapping to its Zenition image-guided therapy system
Philips signed a strategic partnership with UK-based Cydar, a provider of cloud-based procedure maps software for planning and guiding surgery in real-time. The partnership will help enhance Zenition’s clinical accuracy and improve outcomes for patients undergoing endovascular treatment. Read More>>
Executive Movement signals
Getinge appoints Patricia Fitch as President, North America Region
Patricia has more than 30 years of Medtech experience, having held leadership roles in sales, marketing, and operations with multi-national corporations such as Johnson & Johnson and 3M. Read More>>
Collagen Matrix taps new COO
Tony Orsini has been named Chief Operating Officer of Collagen Matrix Inc., which develops and manufactures collagen- and mineral-based medical devices. Orsini has served as COO since 2017 at medical device manufacturer Flexan. Read More>>
Center setup and Expansion
Fujifilm Irvine Scientific plans bioprocessing center in China
The Innovation and Collaboration Center will incorporate advanced cell culture automation and analysis into the process and media development to enable highly accurate evaluation and identification of optimal upstream cell culture processes. Read More>>
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Key Insights and Signals in Pharmaceutical
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Mergers and Acquisition signals
Hikma Pharmaceutical acquires Teligent for USD 45.8 Mn
This acquisition further expands Hikma’s portfolio of essential sterile injectable medicines and enables an entry into the highly attractive Canadian injectables market. Read More>>
Merck’s USD 780 Mn acquisition of Exelead
Exelead, a full-service CDMO focusing on Lipid Nanoparticle formulations, enhances the mRNA and lipid manufacturing capabilities of the Life Science business of Merck. Read More>>
Partnership
Almirall and IRB Barcelona announce new research collaboration
The research collaboration aims to identify new oral treatments for immune-inflammatory skin diseases with remaining high unmet medical needs using molecular glue degraders, a novel therapeutic modality. Read More>>
PostEra announces USD 260 Mn multi-target strategic collaboration with Pfizer
The expanded multi-target research program will establish an AI Lab where PostEra and Pfizer will jointly advance multiple drug discovery programs with an initial focus in oncology and COVID-19 antiviral therapeutics. Read More>>
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Latest Industry Insights from Draup Braindesk
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Digital Twin for Medical Devices – Analysis
- Smart wearables of patients can feed the digital twin in the Cloud with real-time health data to detect specific symptoms early. A digital twin can enhance the performance of healthcare devices by running hundreds of simulations with different conditions in different patients.
- A digital twin can create a digital copy of real patients to help in drug development and dosage optimization efficiently.
- Doctors can receive sufficient data from a patient’s body and observe different vitals, medical conditions, responses to medicines, diet, blood sugar data, and many more in the digital twin copy.
- Growing investments in digital twin technologies (e.g., IoT, data streaming, 5G) are introducing a new generation of intelligence and opportunities to help patients.
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Funding Alert
CVS Health to invest USD 6.5 Mn in Affordable Housing in Denver
CVS Health will build a 36-unit permanent supportive housing community known as Charity’s House Place for individuals experiencing homelessness and people with physical, intellectual, and/or developmental disabilities. Read More>>
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Startup Spotlight
Company – BeatO
Total Funding – USD 8.62 Mn
About: BeatO is a mobile platform that motivates a person with diabetes to increase compliance and reduce their out-of-pocket expense. BeatO uses human support to give personalized healthcare advice to every BeatO user and technology to be accessible far and wide. Read More>>
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Latest Reports Published in Draup
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Premera Blue Cross Account Intelligence Report
Premera Blue Cross focuses on developing AI-Powered Fraud Detection algorithms to analyze patterns in terabytes of data customer history and continually learns to improve their business operations. Read More>>
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Blue Cross Blue Shield of Arizona Account Intelligence Report
Blue Cross Blue Shield of Arizona is keen on addressing diabetes management and personalized healthcare solutions, which have increased due to the COVID-19 pandemic. Read More>>
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