This week in Healthcare: Healthcare and Pharma companies bet big on new-age tech due to rapidly changing customer preferences

Latest Industry Insights from Draup Braindesk

New-age technologies are helping streamline health care services for the rapidly changing consumer preferences.  
  • Thermo Fisher Scientific focuses on leveraging AI, IoT, Cloud, VR, and Automation technologies to bring next-generation products like Handheld XRF Analyzer for elemental detection and Thermo Scientific Tundra Cryo Transmission Electron Microscope (Cryo-TEM) for structure determinations.  
  • Masimo and Siemens are developing technologies using AI and the cloud to provide advanced medical management systems.
  • GE Healthcare and Hitachi are leveraging data analytics to offer a data-driven predictive maintenance solution suite. 
  • ZEISS Meditec focuses on the utilization of remote visits, avoiding physical contact with patients through the Support-Now Website which provides an overview of relevant solutions available to support practices and hospitals during pandemics.  

Latest Reports Published in Draup

Fresenius Medical Care Account Intelligence Report: Fresenius utilizes digital technologies and cloud to automate offline and day-to-day processes. Read More>>
Hinge Health, Inc. Account Intelligence Report: Hinge Health seeks to help employees manage chronic disease states and mental health through digital platforms.
Read More>>

Key Funding Alert

Big data startup Innovaccer raises USD 105M at USD 1.3B valuation.
Innovaccer promises to save hospitals (and patients) time and money by breaking down information silos that prevent physicians from obtaining a holistic view of their patients. Read More>>

Startup Spotlight

Company – Medisafe 
HQ Location – Greater Boston Area, US
Total Funding – USD 51.5 Mn 
About: Medisafe is a digital patient engagement platform, empowering patients to stay on top of all their medications.  
Read More>>

Key Insights and Signals in Providers – Hospital

Mergers and Acquisitions
LHC Group, Orlando Health JV acquires Bayfront  
The partnership combines the experience and expertise of both companies, creating new opportunities to develop and expand in-home services in the communities they serve. Read More>>
American Medical Technologies and RestorixHealth announce transformational merger 
The transformative combination will take Advantage of Complementary Cross-Selling Opportunities Across Multiple Care Settings and Wound Care Service Offerings. Read More>>
Amgen to acquire Five Prime Therapeutics for USD 1.9B in cash   
The acquisition of Five Prime offers a compelling opportunity for Amgen to strengthen its oncology portfolio with a promising late-stage, first-in-class global asset to treat gastric cancer. Read More>>
Ascension to expand pilot of Google EHR search tool 
The Google tool, called Care Studio, aggregates patient data from separate software systems across inpatient and outpatient facilities, allowing doctors to search the data much like a search engine in a web browser. Read More>>
MultiCare, Kootenai Health form behavioral health alliance  
The partnership builds on the health care organizations’ shared mission to provide comprehensive health care services.  Read More>>
LHC Group expands in-home care partnership with Orlando Health   
The partnership’s goal is for Orlando Health and LHC Group to bank on each other’s expertise in their respective fields to expand their footprint in the Southeast. Read More>>
Executive Movement
Jack Larsen appointed to chairman of ATI Physical Therapy’s board of directors 
Larsen’s new responsibilities include managing the board’s operational functions, overseeing its committees, facilitating collaborative discussions among members and providing collective counsel to ATI’s leadership team. Read More>>
Orlando Health announces president of Future Orthopedic Hospital
In his new role, Carlos Carrasco will oversee the strategic development, operational performance, and construction of the new 370,000 sq. ft. orthopedic medical complex under construction on Orlando Health’s main campus in downtown Orlando. Read More>>

Key Insights and Signals in Payors – Insurers & Financial Services in Healthcare 

Mergers and Acquisitions
Cigna health services arm Evernorth acquires telehealth vendor MDLive 
With this deal MDLive’s telemedicine offerings will be available to Evernorth’s third-party clients, along with Cigna’s medical customers and clients in the U.S. Read More>>
Humana teams with Mercy to expand access to virtual care   
Humana’s Medicare Advantage members will have in-network access to Mercy Virtual, the system’s ‘hospital without beds’. Read More>>
Genalyte and Sonora Quest Laboratories partner to provide predictive analytics for Cigna’s Medicare Advantage Plan 
This partnership with Cigna Medicare Arizona will leverage science-based analytics to reduce costs while improving clinical outcomes for customers of Cigna Arizona’s Medicare Advantage plans. Read More>>
Executive Movement
Simplyhealth appoints Dr Sneh Khemka as new CEO 
Dr Khemka joins Simplyhealth from health insurer Aetna International, where he held a senior leadership role with responsibility for driving the delivery of primary healthcare through digital technology. Read More>>

Key Insights and Signals in Healthcare Tech

Mergers and Acquisitions
MultiPlan Corporation completes acquisition of Discovery Health Partners  
This acquisition will diversify MultiPlan’s payment integrity service line and expands its footprint into in-network claims and government programs. Read More>>\
Premier Inc. acquires Invoice Delivery Services (IDS) to tech-enable critical supply chain purchasing processes 
IDS offers digitization technologies that convert paper and PDF invoices to an electronic format to automate, streamline and simplify accounts payable processes in healthcare. Read More>>
Wellstar invests USD 10M to become first Sharecare-enabled health system
Through this partnership, Wellstar will become the first “Sharecare-enabled” health system in the country, utilizing Sharecare’s solutions to accelerate the transformation to value-based care. Read More>>
Roche and Cambridge Quantum Computing use algorithms for early alzheimer’s drug research 
The collaboration will employ CQC’s quantum chemistry platform EUMEN, to augment Roche’s Alzheimer’s Disease research efforts and strive to enable the development of next-generation, quantum-inspired therapeutics. Read More>>
Executive Movement
Welltok Names Matt Hibbard chief financial officer 
Hibbard will be responsible for overseeing all aspects of finance, human resources and other strategic initiatives, helping support Welltok’s continued growth through the next phase of its development. Read More>>

Key Insights and Signals in MedTech

Mergers and Acquisitions
Agilent snags Resolution Bioscience in deal valued up to USD 695M   
The deal will expand Agilent’s cancer diagnostics offerings and its presence in next-generation sequencing (NGS) technology for the fast-growing precision medicine market. Read More>>
Boston Scientific puts up USD 1B in cash to buy Lumenis surgical line 
Boston Scientific will acquire a portfolio consisting of laser systems, accessories and fibers for urology and otolaryngology procedures, led by Lumenis’ Moses laser used as a minimally invasive treatment for patients with kidney stones. Read More>>
BD Acquires GSL Solutions, Inc., broadening medication management offerings for retail, outpatient pharmacy settings 
This strategic acquisition provides innovative technologies for retail pharmacies and builds on recent acquisitions that have complemented Medication’s traditional hospital pharmacy connected medication management solutions. Read More>>
Agilent agrees to acquire Resolution Bioscience for USD 550M 
This acquisition will accelerate Agilent’s strategy to broaden access to precision oncology testing for patients worldwide through distributed NGS-based diagnostic kits. Read More>>
Boston Scientific completes Preventice buy 
Preventice designs mobile health solutions and remote monitoring offerings for patients with cardiac arrhythmias. Read More>>
DLA Piper advises NuVasive in its acquisition of Simplify Medical  
With the acquisition of Simplify Medical, NuVasive is now able to address all key segments of the cervical spine by offering comprehensive, procedurally integrated solutions across anterior cervical discectomy and fusion (ACDF), posterior cervical fusion (PCF) and cTDR procedures. Read More>>
Olympus exercises option to buy Israeli medical device company Medi-Tate to drive global urology business growth 
The potential acquisition would further strengthen Olympus’ Therapeutic Solutions Division, a key pillar in its future growth strategy, and solidify its position as a leader in the field of urological devices. Read More>>
Terumo signs a definitive agreement to acquire all assets of Health Outcomes Sciences 
The acquisition of Health Outcomes Sciences and the ePRISM™ platform expands Terumo’s presence in the digital healthcare arena and represents a compelling growth opportunity for Terumo. Read More>>
Elekta and IBA strengthen partnership to help cancer centers integrate proton therapy 
By harnessing Elekta’s oncology informatics infrastructure, users can benefit from department-wide integration and standardized workflows. Read More>>
Roche, Genentech partner with The Weill Neurohub on ten-year neuroscience collaboration  
The collaboration will use expertise and resources from both academia and industry to enable joint project teams to gain an improved understanding of disease pathologies, as well as discover novel targets and generate new preclinical models to further fast-track the development of new therapeutics for CNS disorders. Read More>>
Executive Movement
Ortho Clinical Diagnostics names Evelyn Dilsaver to board of directors  
Dilsaver served as the president and CEO of Charles Schwab Investment Management, the mutual fund arm of The Charles Schwab Corp. from 2004 to 2007, during which time she successfully grew the business from USD 132B to more than USD 200B in assets. Read More>>

Product Launch
Thermo Fisher Scientific introduces Orbitrap Exploris GC-MS 
The Thermo Scientific Orbitrap Exploris GC-MS brings high-resolution analysis into everyday testing in a compact and easy-to-use instrument, delivering leading sensitivity and mass resolving power up to 60,000. Read More>>
Diabeloop integrates the Accu-Chek Insight insulin pump from Roche into its Automated Insulin Delivery System 
The algorithm analyses data in real time and considers the physiology, history and data entries (meals or exercise) to determine either to maintain current settings, adjust or even stop basal insulin delivery to avoid a predicted low/high or deliver a bolus to correct a high. Read More>>
Invacare Corporation introduces the next generation Alber e-motion® Power Assist Device 
The Alber e-motion power assist for manual wheelchairs is a push rim activated device that features wheels with a powerful in-hub motor and lithium-ion batteries. Read More>>

Key Insights and Signals in Pharmaceutical

Mergers and Acquisitions
Gilead Sciences completes acquisition of MYR GmbH  
The acquisition provides Gilead with Hepcludex® (bulevirtide), which was conditionally approved by the European Medicines Agency for the treatment of chronic hepatitis delta virus (HDV) in adults with compensated liver disease.  Read More>>
PanTheryx Inc. acquires TruBiotics® from Bayer HealthCare LLC 
The TruBiotics brand will join PanTheryx’s current brands and ingredient offerings, including Life’s First Naturals™, dairy colostrum, and prebiotics, to create a full spectrum of nutritional supplements that support comprehensive digestive and immune health at all stages of life. Read More>>
Merck to acquire Pandion Therapeutics for USD 1.85B 
Through the acquisition, Merck will have access to Pandion’s pipeline of precision immune modulators targeting critical immune control nodes, including its lead candidate, PT101, an engineered interleukin (IL)-2 mutein fused to a protein backbone designed to activate and expand regulatory T cells (Tregs) for the treatment of ulcerative colitis. Read More>>
Seven Bridges selected by Pfizer to support data management solution for single-cell RNA sequencing data  
The partnership will introduce avenues to expand Pfizer’s cloud platforms and capabilities, a key component of Pfizer’s integrated digital cloud and advanced analytics strategy. Read More>> brings automate solution to the pharmaceutical industry via partnership with Lupin 
This agreement will provide Lupin with the ability to evolve their internal operations via’s AUTOMATE platform, which provides cloud-native, low-code integrated solutions. Read More>>
Merck will help manufacture Johnson & Johnson’s COVID-19 vaccine  
Merck will produce the drug substance at the heart of Johnson & Johnson’s vaccine as well as work on filling vaccine vials and getting them ready for distribution. Read More>>
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