Companies

David McNally, CEO of Titan Medical Inc., told shareholders that the company must raise $85 million to finish developing its Sport robot-assisted surgery device and file for clearance by the U.S. Food and Drug Administration. Read More

BE’ER SHEVA, Israel & OTTAWA – Better healthcare insights to help drive better patient outcomes are coming to one of Canada’s largest hospitals. MDClone and The Ottawa Hospital jointly announced today a collaboration to unlock healthcare data to define 21st century data driven decision making in service of those outcomes. Read More

TORONTO – Canada Health Infoway (Infoway) is pleased to announce that it has selected Simeio Solutions (Simeio) as the technical solution provider for the new Identity, Access and Consent as a Service (IACaaS). Infoway and its collaborators across Canada will leverage these services to provide Canadians with improved access to healthcare services, and greater control over their digital health information. Read More

Toronto, ON – Gene42, a leading provider of precision medicine software, announced the launch of its new brand identity as PhenoTips with a new website and the introduction of cloud-hosted PhenoTips software. These changes mark the start of a new era for the company, where customer experience and clear, transparent communication are top priority. Read More

MONTREAL – AlayaCare, an award-winning technology platform for home and community care, has announced the acquisition of Procura, a division of Complia Health, a leading global provider of enterprise software for long-term and post-acute care organizations. With nearly 200 customers, Procura was founded in 1989 and has operations in Canada and Australia. Read More

TORONTO – Synaptive Medical, a leader in automation and robotics, announced that it has completed the first round of a new preferred equity investment, totaling $25 million (US). The investment was led by Linamar Corporation, which also entered into a manufacturing agreement with Synaptive, and Audible Capital Corp., an existing investor. Read More

TOKYO – Fujifilm Holdings Corp. announced it will acquire Hitachi Ltd.’s diagnostic imaging equipment business for about ¥170 billion. The move comes as Fujifilm is strengthening its medical-related businesses, while Hitachi has been seeking to sell the imaging equipment business as part of its group restructuring. Read More

TORONTO – TD Bank has announced the 10 recipients of the second annual TD Ready Challenge. Each organization will receive CDN $1 million to bolster their innovative health solutions and deliver support to underserved and remote communities across Canada and the United States. Read More

Montreal – Logibec Inc. has announced the acquisition of Knowledge4You Corporation, a Markham, Ontario-based company. This transaction will bring e-learning and medical education offerings to Logibec’s broad suite of clinical, financial and administrative healthcare market solutions. Read More

TORONTO – VitalHub is pleased to announce an agreement to acquire all of the issued and outstanding shares of Oculys Health Informatics Inc. Total consideration to be paid by VitalHub is expected to be approximately $4.2 million. Read More