Digital health center launches with $50M commitment
The nonprofit Peterson Center for Healthcare launched a $50 million digital health venture on Tuesday. The Peterson Health Technology Institute will provide independent analyzes of digital health technologies that consider factors such as clinical benefits, economic impacts, privacy, equity and security.
The institute will publish reports on tech ranging from artificial intelligence to provider enablement tools, but will not evaluate direct-to-consumer products, Peterson Center on Healthcare Executive Director Caroline Pearson told Crain’s New York Business. The organization’s work will help health insurers, providers and investors assess potential purchases, she said.
K Health gets $59M down round
K Health, an AI-enabled primary care platform company, raised $59 million in an undisclosed 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 inked a deal with Los Angeles-based Cedars-Sinai health system to deploy AI technology at the provider’s urgent care and primary care locations. Cedars-Sinai participated in the latest funding round along with previous investors Valor Equity Partners, Mangrove Capital Partners and Pico Venture Partners.
Hybrid care company Herself Health secures $26M
The primary care provider focused on women 65 and older raised $26 million in a Series A funding round Monday. Herself Health attracted $7 million in seed money in January and has collected $33 million since it launched last year. Venture capital firm Accretive led the latest round with support from Juxtapose.
Portions of the new capital will fund clinic and hybrid care expansions as well as additional hiring. The New York-based company operates a single in-person clinic in St. Paul, Minnesota, but plans to open more, including two in neighboring Minneapolis this year and at least one in a new market next year, according to a news 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 financing 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 carrier AmeriHealth Caritas District of Columbia have partnered with the company to sign up mental health providers for its platform.
AI-focused spinout snags $13 million
GenHealth.ai, a generative AI company that spun off from 1upHealth in April, announced it has secured early funding to produce a large medical model.
Venture capital firms Craft and Obvious Ventures led the round, which generated an undisclosed amount. GenHealth.ai touts its AI utility as a tool health insurance companies and providers can use for risk adjustment, care management and financial bookmarking.
