TORONTO – Smile CDR Inc. (Smile Digital Health), a leading FHIR health data fabric (HDF) and exchange solutions provider, has raised approximately $30 million in Series B growth capital led by existing investors, including UPMC Enterprises. Smile’s HDF platform uses industry-leading HDF architecture and ONC-compliant, event-driven FHIR APIs to allow healthcare providers, payers and IT vendors to build secure, composable and scalable data infrastructures.
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TORONTO – England’s Cambridge Cognition has acquired Canadian company Winterlight Labs Inc for £7m to help target a $220 million market for speech-based biomarkers. It is making a cash payment of £3m with a £4m shares top-up, according to the British financial publication Businessweekly.co.uk.
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VANCOUVER – Thrive Health has been ranked #1 in Deloitte’s 2022 Technology Fast 50 Companies to Watch list. Celebrating its 25th anniversary, the award recognizes emerging companies based on their revenue growth percentage. The category for which Thrive Health is recognized, “Companies-to-Watch,” specifically celebrates 15 start-ups that demonstrate exceptional potential for continued growth and leadership in their industry.
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TORONTO – SeamlessMD, a leading digital platform for hospitals and health systems, announced that the Coordinated Accessible National (CAN) Health Network has recognized SeamlessMD as the 2022 Company of the Year. This prestigious award recognizes the CAN Health Network company that has achieved outstanding results throughout the project lifecycle and beyond. Additionally, the selected company demonstrates that the CAN Health Network model succeeds in breaking down barriers and helping Canadian companies scale.
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SAN FRANCISCO, Calif. – Verily, the life sciences business under Alphabet, said that it has raised US$1 billion capital that will be used to expand its data-driven healthcare products tailored to individuals. The round was led by Alphabet, the company said in its announcement. Verily also announced changes to its executive team that will go into effect January 2023.
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VANCOUVER – Clarius Mobile Health, a leading provider of high-definition wireless ultrasound systems, announced that Ohad Arazi (pictured on left) has been promoted to chief executive officer, succeeding Laurent Pelissier (pictured on right), founder of Clarius, who is taking on the role of chief innovation officer.
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ST. PAUL, Minn. – 3M Co. disclosed plans to spin off its healthcare business into a listed company, joining a raft of U.S. manufacturers looking to simplify their business and boost investor returns. The industrial giant also sought bankruptcy protection for its unit that makes earplugs for the U.S. military, hoping to draw a line under litigations that have weighed on its shares this year.
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MORRISVILLE, N.C. – Ascom, a healthcare IT and clinical collaboration company, announced that it is expanding its channel partner network in Canada to better serve acute care customers in the areas surrounding Montreal. This channel partner agreement with Services LC Connect expands Ascom’s coverage in Canada to provide full partner coverage to each province for hospital systems nurse call, intelligent software, and handsets.
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MONTREAL – American private equity giant TA Associates has invested more than $400 million for a 30-percent stake in Montreal’s Intelerad Medical Systems Inc., one of a handful of medical imaging software companies competing in the Picture Archiving and Communication System (PACS) marketplace with international players like Agfa HealthCare, Philips and GE Healthcare.
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OTTAWA – Calian Group Ltd., a diverse products and services company providing innovative healthcare, communications, learning and cybersecurity solutions, is proud to announce it has won the Microsoft Canada Healthcare Impact Award for 2022 – a second consecutive win in this category.
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