Philips exceeds forecast earnings as pandemic increases demand Philips exceeds forecast earnings as pandemic increases demand Health tech firm Philips beat expectations in the second quarter after a pandemic-fuelled demand spike saw profits hit £455m, the firm confirmed to markets this morning. Analysts had expected profit to come in around £10m shy of that figure. The third wave of the pandemic across much of western Europe resulted in personal protection and [...]
US healthcare data giants Datavant and Ciox strike $7bn merger deal US healthcare data companies to merge in $7bn deal Datavant and Ciox Health today announced they have agreed to merge. In a deal valued at $7bn, the combined company will become largest health data network in the US. The new company, named Datavant, will allow a secure exchange of data among its network of more than 2,000 US hospitals and 15,000 clinics. It will [...]
NHS delays patient data-sharing scheme amid privacy backlash NHS delays patient data-sharing scheme amid privacy backlash The NHS has delayed plans to create a central database to pool data belonging to millions of patients following a backlash over privacy concerns. NHS Digital confirmed it will go ahead with the project, which will collect information on conditions and medications, as well as other data from GP records, and make them available to [...]
Digital health app Livi secures $2bn valuation after fresh funding round April 27, 2021 Digital GP platform Kry today said it has raised $300m (£216m) in a fresh funding round after enjoying a surge in demand for remote healthcare services during the pandemic. The new cash injection, led by CPP Investments and Fidelity, takes the company’s valuation to over $2bn — almost three times the price tag given after [...]
Digital GP app Livi prescribes €200m funding boost amid pandemic boom February 12, 2021 One of the largest digital GP platforms in Europe is said to be in talks to raise a further €200m (£176m) as the Covid-19 pandemic drives up demand for remote healthcare services. Kry, which trades as Livi in the UK, is working with bankers at JP Morgan on a series D funding round, Sky News [...]
Biden’s plans for digital government set an example the UK and Europe must be willing to follow January 18, 2021 This week, days before Joe Biden had even stepped foot in the White House as US President, he showed a greater commitment to digitally-enabled government than most other world leaders have done for a long time. Unveiling a $1.9 trillion relief package including billions in IT and cyber funding, the President-elect called on Congress to [...]
London health startup Cera to create 5,000 jobs in expansion drive January 13, 2021 London health startup Cera is set to hire 5,000 new employees as it looks to double its headcount this year. Cera, which uses AI to provide in-home care, said it is recruiting data scientists and analysts, software engineers, IT professionals and operational and logistical staff, as well as frontline care workers. The company said its [...]
Weekend Interview: Weight Watchers UK boss on the fight against obesity post-lockdown December 12, 2020 During two lockdowns this year millions of us were stuck at home, moving less, eating more. According to recent data from diet giant Weight Watchers, one in two people ate more during lockdown, while one in three drank more alcohol. Meanwhile, nearly one in two have been less active since the pandemic began. To take [...]
JaxJox promises to revolutionise your home workout October 20, 2020 There couldn’t be a better time for a home fitness solution like JaxJox to hit the market. The unprecedented lockdown of society over the last seven months will have ripple effects that will be studied by scientists, psychologists and historians for decades to come. Among the most fascinating – if not alarming – will be [...]
The future of the construction industry is digital September 4, 2020 The double-whammy of a pandemic and a recession has made 2020 one of the most challenging and disrupted years in living memory. But the bright spot, in an otherwise battered economy, is construction, which forms a major part of Prime Minister Boris Johnson’s ”Build Back Better” campaign. Britain’s construction industry grew at the fastest rate in almost [...]