Agile Health, Best Doctors Inc., and Life Image Among Many Companies Receiving Fundings

FUNDINGS:

Agile Health, based in Nashville, announced that the company has recently raised $2 million. The company created “Kick Buts,” a smoking cessation program. It was built after the company’s starters, Gary Slagle and Scott Werntz, saw research from the UK that showed people were more likely to quit smoking if they were involved in a texting program. The article about this funding didn’t include anything additional information about where the fundings came from, as officials at Agile Health weren’t immediately reachable for comments.

A Nashville-based, mail-order institutional pharmacy, NuScriptRX, announced on August 27th that they closed on a $5 million round of funding. The round was led by Council Capital and Council & Enhanced Tennessee Fund. There were quite a few other investors, including Clayton Associates of Nashvlle, Linwood A. “Chip” Lacy, Jr., and Envest of Virginia Beach, Va.

Best Doctors Inc., a company that “provides proven medical cost containment solutions to employer groups and other parties around the globe,” received a $45 million equity investment recently. The investment came from BBH Capital Partners.

This funding will go toward technology and infrastructure at Best Doctors, and to help hire more employees. According to this article, the company addresses “the issue of misdiagnosis in people and patients getting the wrong treatment. Last year, the company, which has 30 million members, handled close to 10,000 cases in the U.S., where 29 percent of the cases were misdiagnosed.”

Life Image, a healthcare informatics company in Massachusetts, raised $4 million recently. $11.8 million was raised in a Series B financing round recently as well, bringing the total to almost $16 million. There were 13 investors, which included Cardinal Partners, Galen Partners, Massachusetts Technology Development Corp., and Partners Innovation Fund.

The company has cloud-based software that “facilitates transferring, indexing and searching for digital medical images to reduce the time and cost of redundant exams, avoiding excessive radiation exposure for patients using an image transport method with optimal security that is faster and more reliable than the current practice of using CDs and DVDs,” according to Med City News. 

A healthcare software company based in Brookfield, Wisconsin, recently completed a $2o million recapitalization. Connecture will now be able to “meet demand for the creation of health insurance exchanges mandated by the Patient Protection and Affordable Care Act, as well as supporting Connecture’s ongoing investments in software innovations intended to benefit the health plan, broke, and insurance exchange markets,” according to a news release.

The investment was led by Great Point Partners LLC, and Chrysalis was listed as a co-investor.

Sequoia Capital recently became the latest backer for Telecare, and with that support, led a round of funding that raked in $25.5 million. Telecare created a new way solution to managing diabetes, which includes a wireless glucose monitor, as well as apps that help family and friends follow the progress of their loved ones who suffer from diabetes.

The glucose monitor was released earlier this year. With this $25 million funding, Telecare plans to expand marketing, sales, research, and development.

Lumosity is a health-game creator that “develops games and exercises that aim to improve core cognitive abilities and enables users to remember more, think faster and perform better at work and school,” according to Tech Crunch. The company received $31.5 million in Series D funding recently. This brings their total funding to around $70 million.

The round was led by Discovery Communications, and other investors included Menlo Ventures, FirstMark Capital, Harrison Metal, and Norwest Venture Partners. The funding will go “towards further research into human cognitive performance, expanding reach and marketing and branding.” Lumosity has more than 40 games in its collection that focus on memory, attention, and problem solving.

 

Thank you to Rockhealth.com for putting together a list of fundings and acquisitions each week. Be sure to check out their weekly newsletter!

About the author

Katie Clark

Katie Clark

Katie Clark is originally from Colorado and currently lives in Utah with her husband and son. She writes primarily for Smart Phone Health Care, but contributes to several Health Care Scene blogs, including EMR Thoughts, EMR and EHR, and EMR and HIPAA. She enjoys learning about Health IT and mHealth, and finding ways to improve her own health along the way.

   

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