Investments by the federal government in medical research has declined in recent years, according to the results of a new study published in the Journal of the American Medical Association.
U.S. funding had increased 6% per year from 1994-2004, … Continue Reading
Novartis Pharmaceuticals has announced it has formed a joint investment company with Qualcomm Ventures, the venture investment group of Qualcomm.
The company — dRx Capital AG — will invest up to $100 million to support early stage digital health companies.… Continue Reading
Vascular Dynamics has announced it has secured $16.85 million in series B financing.
Vascular Dynamics, headquartered in Mountain View, Calif., provides minimally invasive solutions for the treatment of refractive or resistant hypertension.
This round of financing was led by … Continue Reading
Medgadget has come out with its list of the best medical technologies of 2014.
They are as follows:
- Flexible Microelectronics
- 3D Printing in Medicine
- Smart Powered Prostheses
- XStat Rapid Hemostasis System
- Diabetes Monitoring/Glucose Control
- Radiological Imaging Equipment (“The Big Stuff”)
… Continue Reading
Assurex Health has announced it has secured $30 million in equity financing.
Assurex, headquartered in Mason, Ohio, is a personalized medicine company specializing in helping physicians determine the right medication for individual patients with behavioral health disorders.
Participants in … Continue Reading
CardioDx has announced it has secured $35 million in total equity financing.
CardioDx, headquartered in Redwood City, Calif., is a molecular diagnostics company specializing in cardiovascular genomics.
Participants in this round of financing included Alberta Investment Management Corp. and … Continue Reading
Last week we published an article discussing the nuances of investing in a healthcare business with heavy “out-of-network” reimbursement. We get a lot of questions from funds and lenders on this topic as such investments involve very specific regulatory and … Continue Reading
Direct Flow Medical has announced it closed a new round of financing totaling $32 million.
Direct Flow Medical, headquartered in Santa Rosa, Calif., is a developer of transcatheter heart valve technologies.
The financing rounds includes $17 million in PE, … Continue Reading
A new study conducted by management consulting firm A.T. Kearney identifies five disruptive forces that could cost the medical device industry $34 billion over the next five years.
For the study, titled “Medical Devices: Equipped for the Future?,” A.T. Kearney … Continue Reading
Earlier this month, Flowonix Medical announced it had obtained debt and equity financing totaling approximately $40 million.
Flowonix, headquartered in Mt. Olive, N.J., is focused on providing implantable drug delivery solutions and has developed an implantable drug pump designed … Continue Reading
Baird Capital has announced the final close of its fourth venture capital fund with a total of $185 million in committed capital.
This figure exceeds Baird’s original goal of $150 million and the size of its previous fund ($171 million, … Continue Reading
Monteris Medical has announced it has secured $30 million in series B financing.
Monteris, headquartered in Plymouth, Minn., is a developer of minimally invasive laser systems for the ablation of pathologic brain lesions such as primary and metastatic tumors.… Continue Reading
Private equity investors continue to be active investors in the dialysis industry, as we’ve frequently discussed in the past, including in the Law360 report on “Private Equity Interest in the Dialysis Sector Continues to Thrive” that can be accessed here… Continue Reading
For the many investors who remain interested in dental practice management (DPM) businesses, we are sharing here a white paper authored by myself and our McGuireWoods colleagues Holly Carnell and Amanda Enyeart titled “7 Key Lessons for Dental Practice Management … Continue Reading
Every fall, the OIG publishes its Work Plan for the coming year. The Work Plan can provide useful insight into the specific area of enforcement for the OIG, which can help investors and companies better assess risk.
Our McGuireWoods colleagues … Continue Reading
DaVita Healthcare Partners has agreed to pay $350 million to resolve claims it violated the False Claims Act, according to a Department of Justice press release.
DaVita, which is based in Denver and has dialysis clinics in 46 states … Continue Reading
VytronUS has announced it has secured $31.6 million in an oversubscribed series B financing.
VytronUS, based in Sunnyvale, Calif., is a medical device company developing technologies for the treatment of cardiac arrhythmias.
The financing round was led by Apple … Continue Reading
Invitae Corp. has announced it has raised $120 million in series F financing.
Invitae, based in San Francisco, is a genetic information company specializing in genetic diagnostics for hereditary disorders.
New investors participating in the round included The Broe … Continue Reading
Cardiac Dimensions has announced it has expanded its previously announced financing round to $28.5 million with the addition of $8.5 million.
Cardiac Dimensions, based in Kirkland, Wash., develops interventional tools for the treatment of heart failure and the related … Continue Reading
Meridian Surgical Partners, a national operator of outpatient ambulatory surgery centers, announced on September 10 that it had settled a qui tam lawsuit brought by a former employee at one of its centers located in Florida. The case is especially … Continue Reading
Over the past week, Jiff, iHealth Lab, CVRx and Zyga Technology have all separately announced completion of financing rounds.
Jiff, a Palo Alto, Calif.-based digital health technology company, announced an $18 million series B round led by Venrock, which … Continue Reading
Technology investors, including VC firms and portfolio managers of large mutual funds, are increasingly targeting healthcare data firms as new sources for investments. A recent Reuters report highlights this trend with interesting detail.
Investors are finding firms that gather and … Continue Reading
On September 3, 2014, the CMS Office of the Actuary published a report in Health Affairs spelling out its projections for health care expenditure growth over the next ten years. The authors of the report expect health spending growth to … Continue Reading
Health Diagnostic Laboratory in Virginia and several other labs are under investigation by the Office of Inspector General and Justice Department into the practice of compensating physicians for ordering their tests, according to a Wall Street Journal report.
HDL … Continue Reading