Digital Health Center Launches With $50 Million Commitment
The nonprofit Peterson Healthcare Center launched a $50 million digital health venture on Tuesday. The Peterson Institute of Health Technology will provide independent analyzes of digital health technologies that consider factors such as clinical benefit, economic impact, privacy, equity, and security.
The institute will publish reports on technology, from artificial intelligence to vendor support tools, but will not evaluate direct-to-consumer products, Peterson Wellness Center CEO Caroline Pearson told Crain’s New York Business. The organization’s work will help health insurers, providers and investors evaluate potential purchases, she said.
K Health gets $59 million spin
K Health, an AI-powered primary care platform company, has raised $59 million in an undisclosed funding round.
The company has raised $330 million since its founding in 2016, including a $132 million Series E round in 2021, according to Crunchbase. K Health would not disclose its current valuation but was worth $1.5 billion two years ago.
K Health also signed an agreement with Los Angeles-based Cedars-Sinai health system to deploy AI technology in provider urgent care and primary care locations. Cedars-Sinai participated in the latest funding round alongside previous investors Valor Equity Partners, Mangrove Capital Partners and Pico Venture Partners.
Hybrid care company Herself Health secures $26 million
The primary care provider focused on women 65 and older raised $26 million in a Series A funding round on Monday. Herself Health raised $7 million in seed money in January and has raised $33 million since launching last year. Venture capital firm Accretive led the latest round with backing from Juxtapos.
Part of the new capital will fund clinic and integrative care expansion as well as additional recruitment. The New York-based company operates a single in-person clinic in St. Paul, Minnesota, but has plans to open more, including two clinics in neighboring Minneapolis this year and at least one clinic in a new market next year, according to a press release.
Behavioral health startup raises $10.7
Uplift raised $10.7 million in a Series A funding round led by venture capital firm Ballast Point Ventures with participation from Kapor Capital, Front Porch Ventures and B Capital. The company has raised more than $22 million since its founding in 2020 and plans to use the funding to enter new markets.
The Tampa, Florida-based provider offers psychotherapy and psychiatry in Florida, Maryland, New Jersey, Virginia, and the District of Columbia. Health insurers such as Medicaid provider AmeriHealth Caritas District of Columbia have partnered with the company to enroll mental health providers for its platform.
AI-focused spinout raises $13 million
GenHealth.ai, a synthetic AI company spun off from 1upHealth in April, announced that it received early funding to produce a large medical model.
Venture capital firms Craft and Obvious Ventures led the round, generating an undisclosed amount. GenHealth.ai presents its AI utility as a tool that health insurers and providers can use for risk adjustment, care management, and financial marking.
