Agetech News No. 47
It's time for Medicarians
There's no doubt that the time of medicarians has arrived. This year, 4.18 million Americans will reach the traditional retirement age of 65, marking the absolute peak of the Peak 65® Zone, a four-year period that began last year and runs through 2027. This record-breaking peak will hold until Millennials start reaching retirement age in about 20 years.
On March 31, it'll also be time for Medicarians 2025 in Las Vegas! This premier gathering of Agetech investors, entrepreneurs, health plans, insurance agents, and financial professionals has quickly become one of—if not the—best Agetech conferences out there. Just take a look at some of the star-studded speakers below!
Use this link to get $200 off your registration, and make sure to buy your ticket before the next price increase on March 14. Early-stage startups that have raised less than $5 million can apply for a special BOGO discount here.
Register sooner rather than later though, their best-in-class networking app will be going live soon, allowing attendees to request and set 1:1 meetings. Make sure to get your meetings set before schedules fill up.
See you in Vegas!
🚨 Calling all Agetech Founders 🚨
Exciting news from the Agetech Network! We've just launched our latest feature: "Submit Your Fundraise."
Over the years, we've reported on thousands of fundraises, building a comprehensive database of Agetech investors—along with deep insights into their investment preferences. Through these relationships, we’ve helped surface deals that align with their specific criteria.
Now, Agetech Network members can apply to get their fundraise in front of our exclusive network of accredited Agetech investors! Simply fill out this form, share your deck, and once approved, we'll start making connections to help accelerate your raise.
Not a member yet? Join today—it’s free!
January Highlights
🎉 Roobrik, a provider of decision-making tools for older adults seeking care, was acquired by Aline, a software platform for senior living operations, for an undisclosed amount. The acquisition enhances Aline's prospect engagement and sales qualification capabilities, providing a more personalized and efficient experience for senior living communities and their prospects. (EIN Presswire)
🎉 Grove Menus, a culinary management platform, was also acquired by Aline. Terms of the deal were not disclosed. (EIN Presswire)
🎉 NeueHealth, a value-based, consumer-driven healthcare company, agreed to be acquired by an affiliate of New Enterprise Associates for $1.3 billion, a 70% premium over its stock price. (Business Wire)
Innovaccer, a data activation platform for healthcare, raised $275 million in a Series F funding to expand its AI capabilities and acquire Humbi AI, an actuarial intelligence company. (TechCrunch, Fierce Healthcare)
DispatchHealth, a provider of in-home medical care that has raised over $733 million, laid off an undisclosed number of employees. (Home Health Care News)
Hippocratic AI, which develops patient-facing AI agents, raised $141 million to continue enhancing its AI. (TechCrunch)
Evergreen Nephrology, a value-based kidney care provider, raised $130 million to enhance its technology platform, expand its clinical team, and scale across the United States (PR Newswire)
FIRE1, developer of a heart failure monitoring device, secured $120 million to commercialize its novel remote monitoring solution. (Business Wire)
Modivcare, a provider of non-emergency medical transportation and home health services, secured $105 million in debt financing to optimize operations and enhance services. (Business Wire)
Cresta, an AI company developing solutions for contact centers, received a strategic investment from SCAN Group to enhance Cresta's real-time customer service interaction abilities. (Fierce Healthcare)
SafelyYou, an AI-enabled technology for fall prevention and detection in senior living, closed $43 million in Series C funding, bringing their total funding to over $100 million. The funds will be used to expand its AI capabilities, further develop its technology, and increase its market presence. (MobiHealthNews)
💔 Innovatel, a telepsychiatry provider owned by Quartet Health, was acquired by Iris Telehealth for an undisclosed amount. The acquisition will allow Iris to achieve scale and sustainability while expanding its reach to underserved communities. (Behavioral Health Business)
🚧 The rest of Quartet Health, a value-based mental health care provider, was acquired by NeuroFlow, a digital health company that integrates behavioral health with primary care. Terms of the deal were not disclosed. (MobiHealthNews)
Solera Health, a comprehensive health benefits network for health plans, raised $40 million in Series E funding from existing investors to expand its HALO platform with hundreds of new digital health providers. (Pulse 2.0)
🎉 Ro Health, a clinical staffing provider, was acquired by private equity firm LightBay Capital. The investment will support geographic expansion, service line growth, acquisitions, and technology enhancements. (GlobeNewswire)
DarioHealth, a digital chronic condition management platform, raised $25.6 million to bolster financials ahead of a 2025 cash-flow-positive target. (MobiHealth News)
Anatomy, a financial automation platform that digitizes mail-based correspondence with insurers, raised $19 million in Series A financing. (Axios)
Scripta Insights, a pharmacy benefits platform used to control prescription drug costs, raised $17 million in Series B funding, bringing its total funding to $42 million. (FinSMEs)
Upward Health, a value-based medical and behavioral care provider for complex needs patients, raised $12.5 million to expand its services and technology platform. (FinSMEs)
IntusCare, a predictive analytics solution for PACE programs, raised $11.5 million from existing investors, bringing their total funding to over $27 million. The funding will be used to launch CareHub, a comprehensive care management platform, and expand into ACOs. (IntusCare)
Fello, a peer support app combatting the loneliness epidemic led by former Uber Eats co-founder Alyssa Pollack, raised $10.4 million in seed funding. (Behavioral Health Business)
🎉 Ribbon Health, a comprehensive database of doctors, insurance plans, and costs, was acquired by H1, a professional database and analytics service, for an undisclosed amount. The acquisition aims to expand H1's reach in the health plan and digital health markets. (Fierce Healthcare)
Siren, maker of smart socks for diabetic pressure injury prevention, raised $9.5 million from a strategic investor to help make its socks more available across Europe. This brings their total funding to $43 million. (TechCrunch)
Yuvo Health, a platform enabling FQHCs to join value-based care arrangements risk-free, quietly raised $8.2 million. (SEC)
Peregrine Health, a behavioral health platform that partners with community-based organizations to serve underserved communities, raised $5 million. (Behavioral Health Business)
Joylux, a women's sexual health product company, raised $4.5 million to launch a partnership with actress and investor Halle Berry’s company Respin. This brings their total funding to $22 million. (GeekWire)
Red Rover Health, which simplifies EHR integration and data interoperability, raised $4 million to enhance its platform and team. (HIT Consultant)
🎉 Caribou, which specializes in healthcare navigation and cost transparency, was acquired by Move Health, a comprehensive healthcare planning solution for financial service professionals. Terms of the deal were not disclosed. The acquisition aims to enhance Move Health's ability to provide clients with accurate healthcare cost projections (PRWeb)
🚧 Tandym Group, a clinical staffing and recruiting firm, merged with Everly Talent, a clinical and non-clinical staffing firm. (PR Newswire)
RAAPID, a risk adjustment platform which uses vision AI to turn unstructured medical data into actionable insights, raised an undisclosed amount of Series A funding. (Pulse 2.0)
Caregenix, a virtual healthcare service provider for post-acute care, raised an undisclosed amount of funding. (FinSMEs)
🎉 BroadPath Healthcare Solutions, a remote payor services provider, was acquired by Sagility, which provides insurers with hyperautomation and process optimization, for an undisclosed amount. (PRWeb)
🎉 Feedtrail, a real-time feedback platform that improves patient satisfaction and care outcomes, was acquired by workforce management platform Relias. The acquisition aims to help Relias’ clients improve both patient experiences and staff performance. (Business Wire)
🎉 Upfront Healthcare Services, an omnichannel communication and patient engagement platform, was acquired by Health Catalyst, a healthcare data and analytics solution provider, for an undisclosed amount. The acquisition aims to enhance Health Catalyst's ability to engage patients by leveraging Upfront's personalized, digital navigation capabilities. (PR Newswire)
🎉 Alinea Engage, an automation and patient engagement provider for senior care, was acquired by major EHR provider Net Health to boost patient engagement, outcomes, and reimbursement efficiency. (PR Newswire)
🎉 Opkit, an AI-powered insurance verification platform for telehealth and virtual clinics, was acquired by 11x, a high-flying AI digital worker startup that raised both Series A and B rounds of financing in the last two months. Terms of the deal were not disclosed. (Sifted)
Around the World
Cera, a UK-based AI-powered home healthcare platform, raised $150 million in Series B funding led by SoftBank Vision Fund 2. The funding will be used to scale Cera Care, a digital platform that provides at-home care by leveraging AI for predictive health insights and streamlined care delivery. (Tech Funding News)
Let’sGetChecked, the Irish at-home testing unicorn, raised €160 million in Series F funding just months after merging with Truepill in a $525 million deal. (Business Post)
Nobi, maker of smart lights for fall detection, closed a £29 million Series A funding round to commercialize its solution to senior living and home care providers. (Tech Funding News)
Proton Intelligence, a Canada-based continuous potassium monitoring platform that monitors kidney disease and heart failure, raised $6.95 million in seed funding. (FinSMEs)
Intelliprove, a Belgian AI-powered compliance solution, raised €1.2 million. (Silicon Canals)
Consint.AI, an India-based generative AI for risk management and fraud detection startup, raised ₹50 million in seed funding. (FinSMEs)
🎉 MedStart, a Danish medical innovation and development startup, was acquired by Yazen, a Swedish company focused on GLP-1 diabetes treatment, for an undisclosed amount. The acquisition aims to expand Yazen's footprint in Scandinavia and leverage MedStart's expertise to enhance Yazen's solutions. (Oresund Startups)
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