CVS Health Ventures among investors in mental health-focused startup
Vita Health, a startup providing suicide prevention care management, closed a $22.5 million Series A funding round.
CVS Health Ventures was one of the investors in the round. Investors LFE Capital, Athyrium Capital Management, Flare Capital Partners and University of Colorado Anschutz Medical’s affiliated CU Healthcare Innovation Fund also participated.
Read more: Mayo Clinic invests in VR company
Vita uses telehealth to help patients address the underlying issues behind suicide. The company partners with providers, employers and colleges and universities for interventions that aim to reduce suicide attempts.
Vita said the funding will support rapid expansion of its services targeting youth and adults nationwide.
Vita represents the latest digital health investment by CVS in recent months. On Sunday, CVS said it invested in at-home care provider WellBe Senior Medical. In October, CVS Health Ventures led a $40 million Series D extension for Cortica, an autism-focused startup. Last month, it invested in provider enablement company Waymark.
DecisionRX enters $100M credit facility
DecisionRX, a value-based prescription company, said Thursday it entered a $100 million credit facility with investment firm Carlyle.
DecisionRX uses DNA swab kits to predict how individuals will react to certain medications. The company said the facility will support its business model, which assumes the full cost of medicate therapy optimization to patients in Accountable Care Organizations, Medicare Advantage plans and self-insured employers.
DecisionRx said it expected the facility to fund lab testing and other medication reviews by pharmacists. As part of the transaction, Carlyle received the option to acquire one quarter of the company’s outstanding equity.
Harbor Health gets $95.5M from General Catalyst, others
Harbor provides primary and specialty care via in-person clinics, mobile units and telehealth to patients in Texas. Read more.
Neurology-focused software company secures $12M
Rune Labs, a neurology software and data company focused on patients with Parkinson’s Disease, secured $12 million in a funding round led by Nexus NeuroTech Ventures.
Rune's software collects patient symptom data through measurements made by Apple Watch and provides patients and providers with actionable insights.
The round brings the company’s total funding to more than $42 million.
Hospital automation company raises $42M
Artisight is a technology company with a smart hospital platform that integrates AI with virtual care sensors. Read more.
AI assistant lands $24M Series B
Nabla, an ambient AI assistant for clinicians, took in $24 million in a Series B funding round.
Nabla, which automates some functions of clinical notetaking, said the round will allow it to support additional languages and expand across health systems with its ambient assistant.
Multi-stage venture capital firm Cathay Innovation led the round with participation from ZEBOX Ventures.
The ambient documentation space has proven to be a popular sector for artificial intelligence vendors.
