Telegraph Hill Partners has acquired a new $525 million investment fund. THP announced that this fund, THP V, will invest in innovative companies within the life sciences sector.
Digital Health
Digital health startups have raised billions of dollars over the last two years as telemedicine, virtual care and digital capabilities were thrust into the forefront of healthcare during the pandemic. But not every startup adds value.
Sacramento, Calif.-based UC Davis Health has received $1.7 million in federal funding to build a digital platform to improve healthcare access for underserved communities in Sacramento and Northern California.
Despite a wavering market for tech companies and investors, funders continue to pour money into promising digital health firms.
Although public health leaders are aware that digital transformation will help modernize their operations, few are moving forward with such changes, according to a June 21 EY survey.
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A simple message encouraging vaccination from primary care physicians can improve vaccination rates among Black and Latino communities, according to a June 17 study in JAMA Network Open.
Cue Health, a tech firm that specializes in at-home diagnostics, has let 170 staffers go as it adjusts to the changing economy and cutbacks in COVID-19 funding.
Cancer patients who use Facebook have been inundated with advertisements promoting dubious or even dangerous treatments for the disease, MIT Technology Review reported June 27.
Nomad Health, a digital healthcare staffing company, raised $105 million June 27 as it expands to other specialties to address the medical workforce shortage.
Ro, a digital health startup that grew rapidly in recent years, let go of 18 percent of its staff, TechCrunch reported June 23.