Health

Cue Well being picks up $200M in IPO and extra digital well being fundings



Speedy diagnostics startup Cue Well being raised $200 million in its preliminary public providing Friday.  

As of market shut on Monday, Cue was buying and selling on Nasdaq for $18.63 underneath the ticker image “HLTH.” The corporate sought an providing of 12.5 million shares at $16 every. It was buying and selling as excessive as $22.55 on Friday.

Cue introduced plans to go public in early September, months after it closed a enormous $235 million funding spherical

The corporate was based greater than a decade in the past, and in March acquired emergency use authorization from the FDA for an at-home, molecular diagnostic take a look at for COVID-19. 

In its submitting with the Securities and Alternate Fee, Cue mentioned it had quite a lot of assessments within the pipeline, together with assessments for sexual well being, fertility, RSV, flu and a mixture COVID-19 and flu take a look at.


Elligo Well being Analysis, maker of scientific analysis software program, introduced it had raised $135 million in Collection E financing. 

The spherical was led by Morgan Stanley Growth Capital and Ally Bridge Group, with participation from Norwest Enterprise Companions and present buyers together with Cerner, Hatteras Enterprise Companions, Noro-Moseley Companions, Piper Sandler Service provider Banking, Shumway Capital and Syneos Well being.

The funding supported the recently-announced acquisition of ClinEdge, one other supplier of scientific and analysis providers. Elligo additionally plans to speculate the capital into its know-how and information platform.

“This funding permits Elligo to execute on a key acquisition, in addition to consider different complementary acquisitions so as to add applied sciences and providers to speed up analysis, enhance the affected person expertise, and make analysis extra accessible,” Morgan Stanley Growth Capital managing director and common companion Melissa Daniels mentioned in an announcement. Daniels has additionally joined Elligo’s board.

“The scientific trials trade is experiencing a brand new part of disruption. There’s a chance to make use of know-how, information analytics, and providers to get rid of long-standing trial conduct pitfalls and bottlenecks that primarily impression sufferers.”


Membersy raised $66 million from Spectrum Fairness for its digital subscription platform for dental care.  

The corporate mentioned it is going to additionally add three new board members: Dr. Chad Sensible, former Founding Accomplice at North American Dental Group; Keith English, former cofounder and CEO at LocalMed; and Jeff Haywood, managing director at Spectrum Fairness.

“We’re making ready to quickly increase our workforce, services and products in response to a fast-growing DSO [Dental Service Organizations] companion base,” CEO and founder Eric Johnson mentioned in an announcement.

“Once we began in 2015, we knew there was an enormous alternative to make dentistry extra approachable by modernizing the way in which shoppers entry and pay for dental care providers, and we’re happy with the impression we have had up till this level. With new funding and a tremendous companion in Spectrum Fairness, we’re positioned to see that impression develop exponentially.”


Stellar Well being, which supplies a point-of-care platform geared in the direction of value-based healthcare suppliers, introduced it had raised over $60 million in Collection B funding.

The spherical was led by Normal Atlantic, with participation from present buyers Point72 Ventures and Major Enterprise Companions. New buyers embrace Oak Road Well being cofounders Mike Pykosz and Geoff Worth. 

The funding will go in the direction of progress, funding in its workforce, product growth and growth into new markets.

“The healthcare panorama is experiencing a seismic shift in the direction of favoring techniques that inspire and permit suppliers to concentrate on what issues most – sufferers,” cofounder and CEO Michael Meng mentioned in an announcement.

“Stellar’s partnership with Normal Atlantic goals to additional speed up our progress trajectory to increase each internally and externally, and to handle workflow evolution. It should additionally assist our efforts to activate observe employees by fixing financial obstacles that exist within the shift to value-based care. We are going to proceed to evolve our product in methods that can enhance the healthcare expertise for suppliers and sufferers alike.”

The most recent spherical constructed on a $10 million Collection A spherical from Might 2020. 



Supply hyperlink

What's your reaction?

Excited
0
Happy
0
In Love
0
Not Sure
0
Silly
0

You may also like

More in:Health

Leave a reply

Your email address will not be published. Required fields are marked *