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Investments
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Cortica Closes $40M Series D Extension
CVS Health Ventures led the round, in conjunction with LRVHealth, Ascension Investment Management (a subsidiary of Ascension), and the University of Wisconsin Foundation.
NYC Council Allocates $17.5M to Improve Elmhurst Hospital
The funding will help with critical facility improvements throughout the hospital including $180,000 towards emergency room updates, $4.5 million for the relocation of the neonatal intensive care unit and a $4.5 million MRI suite expansion.
Philanthropist Pledges $5M to IMH Emergency Services Project in WY
The Ivinson Memorial Hospital Foundation announced the pledge in matching funds for money raised to support the project for expansion and renovation.
Akumin Enters Chapter 11 Take-Private Deal with Stonepeak
The contemplated transaction will result in the existing Stonepeak note, totaling approximately $470 million, being cancelled and converted into shares of the company. In addition, Stonepeak will invest $130 million in new money into the company as a capital contribution.
Latticework Capital Management Partners with Institutes of Health
Headquartered in San Diego, CA, IOH provides care to deliver optimal clinical outcomes for patients while driving substantial cost savings within the healthcare system.
Shuttered Texas Hospital May Get Another Chance
Quentin Whitwell, CEO of Progressive Health Group — an Oxford, MS-based hospital management group with experience in the rural sector — heard about the looming closure at St. Mark's. Hoping to save the hospital, he connected with the Hospital Center of Excellence, a nonprofit formed by five community members with the same mission.
Greenwich Hospital Launches $125M Fundraise
The hospital has set a goal of growing staff and facilities in five areas — mental health, children's medicine, heart treatment, neuroscience and cancer care.
Bronx Borough President Gibson Announces $6M Investment in NYC Health + Hospitals
The funding will provide upgraded equipment to medical sites including Jacobi and Lincoln Hospital, Gotham Health Belvis, Morrisania and North Central Bronx Hospital.
Pair Team’s Series A Nets $9M
Next Ventures led, and was joined by YC, PTX Capital, Kapor Capital and Kleiner Perkins.
Allara Banks $10M in Series A
GV led, and was joined by Great Oaks Venture Capital, Humbition, Vanterra and Gaingels.