Amwell has filed to go public under the New York Stock Exchange symbol AMWL. Google Cloud's $100 million investment will be a concurrent private placement at the IPO price. The company didn't indicate a proposed size for the offering, nor did it give an anticipated price range, but it provided a placeholder amount of $100 million to calculate its registration fee. Morgan Stanley, Goldman Sachs & Co., LLC, Piper Sandler, UBS Investment Bank, Credit Suisse and Cowen Berenberg are listed as underwriters for the IPO.
Caption Health, a leading medical artificial intelligence (AI) company, concluded its Series B funding round with $53 million to expand and commercialize its FDA-cleared, AI-guided ultrasound technology that improves patient access to high-quality and essential care. The strategy is to use this investment to scale commercial operations, continue to develop its AI technology platform, and form new partnerships. New clinical capabilities are planned with increased clinical adoption of the Caption AI platform.
IngenioRx, Inc., a wholly owned subsidiary of Anthem, Inc., announced its acquisition of ZipDrug an innovative pharmacy management company focused on improving the quality of pharmacy care. Now part of IngenioRx, ZipDrug seamlessly connects patients to the highest quality and lowest cost local pharmacies that deliver directly to patients at home.
Oscar, the first direct-to-consumer health insurance company, announces today that it has closed a $225 million funding round. The round positions Oscar to continue growth off of a $2 billion revenue base and puts the company on a path to further advance its mission of making health care simple. This was a big week for Oscar. Earlier in the week, Cigna and Oscar released more details on their Cigna+Oscar partnership to provide affordable, customized health plans to small businesses.
AireHealth will consolidate BreathResearch’s employees and intellectual property, expanding its footprint into the digital therapeutics space. The combined organization will develop the industry’s first complete virtual care platform for respiratory illness to reduce costs and improve outcomes.
This acquisition allows AireHealth to complement its existing portable nebulizer through digital respiratory health care services to complement its existing portable nebulizer. The VitalBreath virtual care platform will empower patients, caregivers, and clinicians to be more informed and collaborative in respiratory care, enabling faster response to exacerbations and translating to fewer emergencies and fewer hospitalizations.
MyndYou Inc. and Allscripts (NASDAQ: MDRX) have announced a partnership to make the MyndYou triaging and care management solution available to Allscripts clients, reducing the risk of hospitalization for patients worldwide. Providers will receive access to MyndYou’s AI-powered Cognitive Complexity Analysis.Allscripts also announced the expansion of an agreement with PIH Health through 2025. This is likely to improve comprehensive care for Allscripts’ patient communities.
Cigna and MDLIVE Inc. have announced the launch of the telemedicine industry’s most complete virtual primary care program, allowing U.S. health plans, health systems, retailers and employers the ability to provide consumers with convenient, secure and cost-effective options for accessing preventive, chronic and other primary care services. With this partnership, Cigna has secured the ability to be the first to offer virtual care for preventive checkups, launching in the second quarter of 2020.