Investment Report

Healthcare startups raised $2.6B in January alone. 37% increase YOY same month comparison.

Concord Health Partners- ex-Anthem CEO Joseph Swedish has started a healthcare investment firm. Will focus on tech.

Ablative Solutions – HTN management via device. $77M raised.

Pear Therapeutics- health IT. $64M.

BridgeBio- Oncology rx development. $299M raised. Major investors include KKR and Viking Global.

MyStrength- Acquired by Livongo in late January for $10M. App focuses on behavioral health. Has existing Medicaid plan client base.

Verily Life Sciences- $1B investment for the Google (Alphabet) subsidiary. Largest biotech in last 12 months. Managed by Silver Lake Capital. Verily has worked on contact lenses for measuring glucose, lupus molecular mapping and immune system research. Verily also has a strategic partnership with Gilead.

IBM AI (Brigham Women’s Hospital Boston and Vanderbilt)- IBM will spend $50M at the facilities to study how docs and patients can leverage AI.

MDSave- Shopping cart tech for healthcare consumers company MDSave got an investment from ChangeHealthcare early January. The investment garnered a minority stake, and dollar amounts were not released.