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VC Report: Biotech Financings Fall, M&A Activity Expected to Pick Up

Biotech startups raised $2.6 billion globally in the second quarter of this year, but that’s down nearly 46% compared to the same period last year, according to a report from Pitchbook. Capital is harder to find, and the report projects an uptick in M&A activity as companies run out of cash.
National Venture Capital Association Venture Monitor Weight Loss Medical Devices Healthcare Innovation Medcity News

What Providers Need to Know About Fighting the Nursing Shortage Through Tech

A new Accenture report laid out considerations that hospitals should keep in mind as they adopt new technology aimed at improving nurse retention. Some of the report’s key recommendations for providers were to build a strong, cloud-based technology infrastructure and to involve nurses early on in the process of adopting a new digital tool.
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Digital Health App Helps Asthma and Depression, 2 Trials Find

An AI-driven app called juli improved symptoms of asthma and depression, two randomized controlled trials found. The app takes in data from electronic medical records, smartphones, wearable devices, the environment and patient questionnaires to provide personalized health recommendations.
United States Joseph Hayes Bettina Hein Apple App University College London Patient Health

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Healthcare AI Trends to Watch: M&A Exits & Generative AI Use Cases

The healthcare AI space will be an exciting one to watch over the next couple years, as investment dollars flow to startups and providers launch more AI pilots. Two of the most interesting trends to watch will be the use cases that healthcare organizations prioritize when deploying generative AI models, as well as M&A activity within the healthcare AI field, a CB Insights analyst declared during a recent webinar.
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Babylon Shuts Down US Operations After Rescue Merger Falls Apart

This week, virtual care company Babylon Health permanently closed its U.S. operations and laid off 94 employees. The news came after the company's rescue merger fell apart — Babylon had planned to go private through a deal with Swiss digital therapeutics firm MindMaze and Babylon creditor AlbaCore Capital.
City Of United Kingdom United States Seth Joseph Nathan Ray Summit Health Advisors

Suvida Healthcare Taps Elation EHR to Help Power Care for Hispanic Seniors

Suvida Healthcare — a startup providing primary care for Medicare-eligible Hispanic adults — is adopting Elation Health’s primary care-specific technology platform. The platform comprises an EHR, as well as software for patient engagement, telehealth and revenue cycle management. Suvida's chief medical officer said Elation beat out the competition due to its focus on both primary care and value-based care.
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