Portfolio News

Company that helps speed drug approvals raises $27 million

Manhattan-based health technology company Aetion has added $27 million to its previously announced Series B round, bringing the total raised in the round to $63 million and the company’s total funding to $77 million. The company attracted strategic investment from Sanofi, UCB, McKesson Ventures, and Horizon Health Services, who join earlier investors including Amgen Ventures. “The expansion of our Series B round was in response to a high degree of unsolicited interest among clients and potential partners that have seen the value we provide first hand,”...

Aledade and Humana Announce Agreement Expanding Value-Based Care for Humana Medicare Advantage Members in Three States

Today, Aledade and health insurance and wellness company Humana announced a value-based care agreement to broaden the availability of coordinated, quality care for Humana Medicare Advantage members in Louisiana, Pennsylvania, and West Virginia. Through the Aledade-Humana agreement, physicians in those states will be able to use technological tools, data, and other resources from both organizations to help deliver value-based care to Humana Medicare Advantage members. Aledade partners with independent primary care practices to build and lead accountable care organizations (ACOs) that participate in a variety of value-based...

M&A Analysis: 10 Reasons Why ResMed Acquired Propeller Health for $225M

On December 3, ResMed announced that it was acquiring digital therapeutics manufacturer Propeller Health for $225 million. Part of ResMed’s goal in making this acquisition is to help establish itself as a leader in COPD management across all stages of the disease. ResMed is not only interested in augmenting its regular business with Propeller’s digital medication adherence products; it also wants an “in” with Propeller’s established partnerships with pharma, healthcare, and payer organizations. In an article in HIT Consultant, writer Fred Pennic provides 10 market-based reasons...

Asthma-related ER visits decline by more than half for patients using digitally connected inhalers

Dignity Health and Propeller Health recently released the results of a newly published, peer-reviewed study that shows asthma-related emergency room visits declined by more than 50 percent for people who used connected, digital medicine to manage their disease. The study, published in World Allergy Organization Journal, is the latest to show how digital medicines can be integrated into routine medical practice. It found that for Dignity Health patients using Propeller’s wireless inhalers to manage their asthma, asthma-related ER visits decreased by 54 percent compared to the...

Mission to Serve ‘Poor and Vulnerable’ Guides This Health Care Impact Investment Fund

Nonprofit Providence St. Joseph Health is the third largest healthcare system in the United States. In addition to operating healthcare facilities, the organization has launched Providence Ventures, a $150 million healthcare impact investment fund. “We’re working to bring healthcare into the digital and consumer age to better serve patients and consumers—with a focus on the poor and vulnerable—delivering care on their terms: where, when, and how they want it,” said Aaron Martin, executive vice president and chief digital officer at Providence. Martin identified six areas of focus...