News 6/21/16

Samsung Electronics unveils their vision for ‘Human-Centered IoT’ including a strategy to spend $1.2 billion over 4 years for U.S.-based Internet of Things R&D and investments.

News 6/21/16

New digital health insurance platform, LEAGUE announces it has raised $25 million in Series A financing. LEAGUE plans to expand its product offering and geographic reach to markets in the U.S. The financing follows the company’s launches in Seattle, Toronto, and Vancouver in 2015.

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HIStalk Connect Interviews Michael Hollenbeck, CEO and Founder at Proskriptive

Michael Hollenbeck is the CEO and Founder of Proskriptive, in Boise Idaho.

HIStalk Connect Interviews Michael Hollenbeck, CEO and Founder at Proskriptive

Tell me about yourself and the company.

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News 6/1/16

Forbes revises the estimated net work of Theranos founder Elizabeth Holmes from $4.5 billion to $0. Their estimate of her wealth is based on her 50 percent stake in Theranos, whose shares are not traded on any stock market. In 2014 private investors purchased stakes that implied a $9 billion valuation for the company. After speaking with venture capitalists, analysts, and industry experts, Forbes concluded a more realistic value for Theranos is $800 million. Holmes owns common stock so by the time investors cash out on preferred shares on the $724 million they invested, there won’t be much of anything left.

News 6/1/16

CB Insights reports 2016 is on track for a record year in digital health deals and funding. With more than $2 billion invested in digital health across 316  deals in the first quarter, 2016 is well on the way to break 2015’s all-time high in deals and dollars.

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HIStalk Connect Interviews Dmitry Krasnik, Managing Director, Houlihan Lokey’s Healthcare Group

Dmitry Krasnik is Managing Director of Houlihan Lokey’s Healthcare Group in Chicago, IL.

HIStalk Connect Interviews Dmitry Krasnik, Managing Director, Houlihan Lokey’s Healthcare Group

Tell me about yourself and the company.

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News 5/23/16

Google announces the availability of its new app, Science Journal. It is a tool that turns your smartphone into a miniature lab. It uses sensors in the phone as well as external sensors that can be connected to conduct experiments. The user can organize ideas into projects, make predictions, take notes, and collect data in multiple trials, then annotate and explore the results.

News 5/23/16

Barnes Jewish Christian Hospital turns to startup MedAware Solutions to help improve care for patients after they are discharged from the hospital. The tracking technology is helping clinicians keep track of patients, making sure they don’t develop medical conditions that require a return trip to the emergency room.

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News 5/10/16

Levyx Inc. closes a $5.4 million Series A round led by OCA Ventures. Levyx’s flagship data engine, Helium, is built for the modern, open-platform commodity hardware data center.

News 5/10/16

Somnoware Healthcare Systems closes $9 million in Series A funding to advance sleep medicine. The funding was led by Translink Capital with participation from World Innovation Lab and existing investors.

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News 4/26/16

New York-Presbyterian Hospital is fined $2.2 million after the hospital allowed patients, including a man who died on camera, to be filmed without their consent. The federal fine involves the case of Mark Chanko, who was hit by a garbage truck and taken to the hospital. A crew from the ABC program “NY Med” filmed as doctors unsuccessfully sought to save his life. Mr. Chanko’s widow recognized her husband while watching the show the next year.

News 4/26/16

The Public Health Agency of Canada and the Ontario Ministry of Health and Long-Term Care confirm the first positive case of sexually-transmitted Zika virus in Canada. The individual from Ontario is suspected to have contracted the virus from a sexual partner who was diagnosed with Zika virus after travelling to an affected country.

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News 4/19/16

Proteus Digital Health raises an additional $50 million in Series H financing. Digital Medicine offerings, such as Proteus Discover, consist of a sensor-enabled pill, a small wearable patch, and applications that can be accessed via mobile devices and other computers by patients and healthcare providers. Proteus Discover directly measures medication-taking and physiologic metrics to support patient self-management and to help physicians and care teams optimize therapy.

News 4/19/16

Illumina invests $100 million in a new venture capital firm that will focus on unlocking the power of the genome. It will pursue investments in early stage companies that are pioneering new applications of nucleic acid sequencing, developing products that will expand the genomics ecosystem, and utilizing genomics to improve human health.

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