Header graphic for print
The Healthcare Investor Insights on Issues & Trends that Impact Investments in Healthcare & Life Science Businesses

Category Archives: Healthcare Services Investing

Subscribe to Healthcare Services Investing RSS Feed

Healthcare & Life Sciences Private Equity Deal Tracker: Flowonix Medical Secures $40 Million in Financing

Posted in Healthcare Services Investing

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 to deliver therapeutic drugs into the spine to relieve a variety of chronic disorders. The transaction… Continue Reading

Healthcare & Life Sciences Private Equity Deal Tracker: Monteris Medical Secures $30 Million in Financing

Posted in Healthcare Services Investing

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. The funding round was led by new investor Birchview Capital. Also participating in the round was… Continue Reading

CMS Finalizes Rules for ESRD Dialysis Payment System and Incentive Program

Posted in Healthcare Services Investing

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. Investors should be aware of updates to the end-stage renal disease (ESRD) payment system and… Continue Reading

White Paper: 7 Key Lessons for Dental Practice Management Companies from Corporate Integrity Agreements

Posted in Healthcare Services Investing

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 Companies from Corporate Integrity Agreements.” To download the white paper, click here (pdf).

Healthcare Legal Update: Highlights from the 2015 OIG Work Plan

Posted in Healthcare Services Investing

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 recently published a short description of “hot topics” noted in the Work Plan. Access this… Continue Reading

DaVita Agrees to $350 Million Settlement to Resolve Illegal Kickbacks Allegations

Posted in Healthcare Services Investing

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 and the District of Columbia, was accused of paying kickbacks to induce the referral of patients… Continue Reading

Healthcare & Life Sciences Private Equity Deal Tracker: VytronUS Secures $31.6 Million in Financing

Posted in Healthcare Services Investing

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 Tree Partners, along with additional new investors, BioStar Ventures, Windham Venture Partners and a strategic investor… Continue Reading

Healthcare & Life Sciences Private Equity Deal Tracker: Invitae Secures $120 Million in Financing

Posted in Healthcare Services Investing

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 Group, Decheng Capital, Deerfield Management, OrbiMed, Perceptive Advisors, Rock Springs Capital and Wellington Management Company. Existing investors… Continue Reading

Healthcare & Life Sciences Private Equity Deal Tracker: Cardiac Dimensions Expands Financing Round to $28.5 Million

Posted in Healthcare Services Investing

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 condition of mitral valve regurgitation. For the round, Michigan-based VC firm Arboretum Ventures joined investors from… Continue Reading

Healthcare & Life Sciences Private Equity Deal Roundup: Jiff, iHealth, CVRx and Zyga Technology Secure Financing

Posted in Healthcare Services Investing

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 was joined by Aberdare Ventures and Aeris Capital. Jiff indicated it would use the funds to… Continue Reading

Tech Investors Eye Healthcare Data Firms

Posted in Healthcare Services Investing

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 analyze healthcare data appealing because of the growth of electronic records and consumer use of… Continue Reading

Laboratories Compensating Physicians for Ordering Tests Under Investigation

Posted in Healthcare Services Investing

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 halted the payments following an HHS Special Fraud Alert (pdf) issued in June that notes the… Continue Reading

Healthcare & Life Sciences Private Equity Deal Tracker: AirStrip Secures $25 Million in Financing

Posted in Healthcare Services Investing

AirStrip has announced (pdf) it has raised $25 million in a strategic funding round. AirStrip, headquartered in San Antonio, Texas, is the developer of the AirStrip ONE enterprise-wide clinical mobility solution. The funding round was led by the Gary and Mary West Health Investment Fund, Sequoia Capital and Wellcome Trust. New investors included the Gary… Continue Reading

Healthcare & Life Sciences Private Equity Deal Tracker: Healthsense Secures $10 Million in Financing

Posted in Healthcare Services Investing

Healthsense has announced it raised $10 million in financing. Healthsense, headquartered in Mendota Heights, Minn., is a provider of technology-enabled care solutions for the senior care continuum, including remote monitoring, emergency response and wellness management solutions. The financing round was led by Mansa Capital. Previous investors Merck Global Health Innovation Fund and Radius Ventures also participated in… Continue Reading

HealthQuest Capital Raises $110 Million for Debut Fund

Posted in Healthcare Services Investing

HealthQuest Capital has announced it has raised $110 million for its debut fund. HealthQuest Capital (HQC) is a Menlo Park, Calif.-based fund sponsored by Sofinnova Ventures. HQC indicated it will focus investments in the medical device, diagnostics, patient care products, consumer health/OTC and healthcare IT fields, with a primary focus on commercial stage investments, providing… Continue Reading

Castle Biosciences Secures $11.8 Million in Financing

Posted in Healthcare Services Investing

Castle Biosciences has announced (pdf) it raised $11.8 million in financing. Castle Biosciences, headquartered in Friendswood, Texas, is a cancer-focused molecular diagnostics company which currently offers prognostic tests for patients with cancers including uveal and cutaneous melanoma, esophageal, thymoma and brain cancers as well as malignant pleural mesothelioma. The financing round was led by new… Continue Reading

Healthcare & Life Sciences Private Equity Deal Tracker: Epic Sciences Secures $30 Million in Financing

Posted in Healthcare Services Investing

Epic Sciences has announced it raised $30 million in financing. Epic Sciences, headquartered in San Diego, Calif., is a biotech company developing diagnostic tests to molecularly characterize circulating tumor cells (CTC) in the blood. The $30 million series C preferred stock financing included new investors RusnanoMedInvest  and Arcus Ventures, existing investors Domain Associates, Roche Venture… Continue Reading

Healthcare & Life Sciences Private Equity Deal Tracker: DICOM Grid Secures $6 Million in Financing

Posted in Healthcare Services Investing

DICOM Grid has announced it raised $6 million in financing. DICOM Grid, headquartered in Phoenix, Ariz., is a healthcare IT company that has made a cloud-based platform for medical image management and exchange. The funding round was backed by Canaan Partners, CHL Medical Partners, Mayo Clinic and several individual investors. DICOM said the funding will… Continue Reading

Healthcare & Life Sciences Private Equity Deal Tracker: CAS Medical Systems Secures $10 Million Loan Agreement

Posted in Healthcare Services Investing

CAS Medical Systems (CASMED) announced in late June that it entered into a $10 million loan agreement with General Electric Capital Corp. CASMED, headquartered in Branford, Conn., is a developer and manufacturer of non-invasive vital signs monitoring technologies. Under the terms of the loan agreement, General Electric Capital Corp. is providing CASMED with a secured… Continue Reading

Healthcare & Life Sciences Private Equity Deal Tracker: Amedica Secures $26 Million in Financing

Posted in Healthcare Services Investing

Amedica Corp. has announced it secured up to $26 million in financing. Amedica, headquartered in Salt Lake City, is a spinal and orthopedic implant and instrument company focused on silicon nitride ceramic technologies. The funding consists of a $20 million debt financing with Hercules Technology Growth Capital and a private placement to MG Partners II,… Continue Reading