MedShift, Memora Health, Augmedix
Medtech company raises $108M
Medtech company MedShift completed a $108 million capital investment that the company will use to advance its specialty device subscription, connected medical devices and Velocity technology suite.
Turning Rock Partners, Micota Capital and OY6 Capital led the investment round. MedShift partners with over 2,000 providers, according to an April 20 MedShift news release.
MedShift is a uniquely positioned medical technology company delivering at the core of the booming aesthetics industry. It offers services to aesthetic-focused surgeons and practitioners as well as to medical device and injectable manufacturers. By bundling leading medical devices with our technology, services, and access to deeply discounted consumables, practitioners enjoy unparalleled value. For manufacturers, MedShift is both a large customer and a provider of enterprise software and technology solutions. MedShift delivers industry-dedicated platforms to manufacturers, saving millions in annual expense, creating real-time visibility to distributed medical devices, and streamlining operations for internal stakeholders and the entire manufacturer’s customer base.
https://www.beckershospitalreview.com/innovation/medtech-company-raises-108m.html?mc_cid=cf67fae7a0&mc_eid=df5e82ed1dMemora Health nabs $30M to scale up complex care management solution
Care delivery is increasingly shifting out of the four walls of the hospital, a trend accelerated by the COVID-19 pandemic. But the lack of necessary infrastructure to support this digital health transition continues to be a major barrier for providers and patients.
Memora Health, which launched in 2018, developed an AI-enabled platform that helps providers manage complex care needs and digitizes clinical and administrative workflows.
The company just landed a $30 million round of new funding led by General Catalyst and backed by several major health systems. Northwell Health’s venture arm, Northwell Holdings, Edward-Elmhurst Health and PagsGroup and existing investors Andreessen Horowitz, Transformation Capital and Frist Cressey Ventures also participated in the round.
The funding round had no designation and was purely a strategic investment as the company was not looking to raise capital, according to Manav Sevak, co-founder and CEO of Memora Health.
https://www.fiercehealthcare.com/health-tech/memora-health-nabs-30m-scale-complex-care-management-solutionAugmedix grabs $16M for its ambient medical documentation tech
Today, Augmedix announced that it has received $16 million in Series A venture funding. The round was co-led by the company’s seed investors Emergence Capital and DCM Ventures. Augmedix has received $23 million in total venture funding to date. The company will use the funding to expand operations, fuel product development, and establish new partnership initiatives.
Powered by Google Glass, Augmedix reclaims the hours physicians spend daily entering or retrieving data from electronic health records, freeing them to focus on patient care. The service has a nationwide patient acceptance rating of more than 99%.
Since its founding in 2012, Augmedix is helping customers in 10 states based on pent-up demand from outpatient doctors who want to employ the solution. Five national health systems, including Dignity Health, the nation’s fifth largest healthcare provider, have engaged Augmedix. The company has more than 100 employees in offices worldwide, with 80 in its San Francisco headquarters facility, and plans to significantly expand its workforce in 2015.