Industry Trends

The cash will be used to back about 10 to 12 later-stage startups, a new strategy for 7wire

The languid IPO market is finally signaling a reopening, but it's still too soon to tell how much exit activity investors can expect.

In the third quarter of 2023, U.S. digital health startups raised $2.5 billion across 119 deals, the second-lowest quarter by funding total since the fourth quarter of 2019.

Fundraising came in above goal but below the $50 million hard cap.

Gardner, MA-based Heywood Healthcare has filed for Chapter 11 bankruptcy protection, citing a string of challenges "hindering its sustainability." 

Nashville, TN-based SmileDirectClub listed $499 million of assets and more than $1 billion of liabilities in its bankruptcy petition.

In healthcare services and health-focused IT sectors, the number of deals reached fresh lows in Q2—down more than 70% from peak dealmaking times in the fourth and second quarters of 2021, respectively, according to PitchBook.

Fitch, Moody's and S&P Global Ratings released reports describing how nearly every metric of hospital and health system financial health declined in 2022, according to the AHA.

The latest data comes after a slip in July by almost 1 percentage point.

Avail Hospital Lake Charles in Louisiana announced its closure effective today in an advertisement in the American Press.