Companies

KITCHENER, Ont. – Cloud DX has announced the launch of its Cloud XR division to support the emerging medical Metaverse. The company is pursuing opportunities to deliver its Virtual Clinician Assistant in an eXtended Reality platform consisting of its VITALITI continuous vital sign monitor and Connected Health software platform to render realistic 3D holographic images. Read More

KITCHENER, Ont. – Hyivy Health, an innovative FemTech Forge client developing a first-of-its-kind pelvic health rehabilitation system has raised $1.1 million in pre-seed funding. The innovative pelvic health technology includes a multi-therapy vaginal wand, patient app, and clinician software created with the mission to address the unmet needs of the 1-in-3 women who are suffering from incurable pelvic health-related illnesses. Read More

NEW YORK – International Business Machines agreed to sell part of its IBM Watson Health business to private equity firm Francisco Partners, scaling back the technology company’s once-lofty ambitions in healthcare. The value of the assets being sold, which include extensive and wide-ranging data sets and products, and image software offerings, is more than $1 billion, according to people familiar with the plans. Read More

KALAMAZOO, Mich. – Stryker announced a definitive merger agreement to acquire all of the issued and outstanding shares of common stock of Vocera Communications for a total equity value of approximately $2.97 billion and a total enterprise value of approximately $3.09 billion (including convertible notes). Read More

ARMONK, NY – IBM may be close to finding a buyer for IBM Watson Health, with hopes of fetching more than $1 billion, according to the Axios online news service. IBM now wants out of healthcare, after spending billions to stake its claim, just as rival Oracle is moving big into the sector via its $28 billion bet for Cerner. Read More

AUSTIN, Tex. and KANSAS CITY, Mo. – Oracle Corporation and Cerner Corporation announced an agreement for Oracle to acquire Cerner through an all-cash tender offer for approximately $28.3 billion in equity value. Cerner is a leading provider of digital information systems used within hospitals and health systems to enable medical professionals to deliver better healthcare to individual patients and communities. Read More

MONTREAL – Sonoscope, a company that democratizes access to ultrasound data in medicine through the development of innovative technologies, has announced the closing of their first round of funding of $4 million conducted by Groupe Benoît, the Ministry of the Economy and Innovation through Investissement Québec as agent for the government of Quebec and Desjardins. Read More

BRAMPTON, Ont. – Cloud DX has been selected by Medtronic Canada to provide world-class virtual healthcare to patients across Canada. This partnership advances Medtronic’s commitment to improving patient outcomes and lowering overall costs along the care continuum. Cloud DX’s remote patient monitoring (RPM) technology and services are exclusive to Medtronic and its Canadian client base, which is spread across Canada. Medtronic Canada delivers care in a broad range of clinical areas, including spinal and cardiac surgeries, cardiology, critical care, diabetes, vascular and renal care. Read More

CALGARY – Global business accelerator Plug and Play announced a new headquarters in Calgary as the city’s $100-million investment fund pledged to support its efforts to connect local tech startups to international corporations. In return, Plug and Play will open a new headquarters in the city to deliver accelerator programs in digital health, sustainable clean resources and AI, connecting local startups to corporate partners. Read More

VANCOUVER and TORONTO – CloudMD Software & Services and MindBeacon Holdings jointly announce an agreement under which CloudMD will acquire all of MindBeacon’s issued and outstanding common shares. MindBeacon is a leading digital mental healthcare platform that provides a continuum of care, focusing on iCBT, which is an effective therapy provided through a computer or a mobile device. iCBT has become a fast-growing intervention channel compared to conventional psychotherapy. Read More