Healthcare

Investing to Enhance Patient and Provider Experience, Accelerate New Models of Diagnosis & Treatment, Optimize Healthcare and Life Science Operations and Enable Transition to Value-Based Healthcare via Health IT, IT-enabled Services, Life Science Tools and Minimally Invasive Medtech.

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The Daily Startup: GE Ventures Backs Apervita for Health-Care Analytics

While a large number of companies in the health-care space are aiming to become the central repository of one kind of data or another, Apervita has a truly ambitious goal: Making health-related analytics and algorithms available to all care providers, pharmaceutical companies and other players via a cloud-based platform that can be accessed for a relatively low price. “We scoured the Earth for something like this, for a company working on this,” said Noah Lewis, a managing director at GE Ventures, which co-led an $18 million Series A round along with Baird Capital.

Caremerge lands $4 million in new funding

Caremerge, a Chicago startup using technology to help improve care for seniors, has raised $4 million in its second round of financing.

The funding comes from an impressive list of backers, including Cambia Health Solutions, a Portland, Ore.-based insurer and health system, and GE Ventures, as well as Arsenal Health, Generator Ventures and Chicago-based Ziegler-LinkAge Longevity Fund, an investor in senior-related real estate.

Caremerge, founded by Asif Khan, a former GE Healthcare technologist, has ramped up quickly since raising $2 million about 18 months ago.

Apervita

Apervita is the leading health analytics community, where together with prominent health professionals from around the globe, the world’s health knowledge is being transformed into 1,000s of point of care health analytics.

A Healthy Healthcare Ecosystem: Two Chicago Health-Tech Companies Raise Over $10 Million Each

With money coming in for funds, resources, and startups, Chicago's healthcare ecosystem remains healthy on all fronts.

Yesterday, local venture firm Baird Capital closed a $185 million Fourth Fund, noting that they're excited about opportunities in healthcare. Today, MATTER - Chicago's health-tech hub and innovation center - announced another $4.4 million in funding, bringing its total to $8 million. Shortly after that news, two Windy City companies operating in the space revealed new rounds of $15 million and $10 million.

Population-health vendor Valence posts 51% revenue increase as it raises additional funds

Valence Health, a Chicago-based provider of population-health consulting services and software tools, has raised $15 million through a growth-equity investment.

The financing round marks the second time the company has added new investors in its 20-year history. It previously raised $30 million in 2012.

Valence's growth has accelerated (PDF) during the past three years. Its revenues for the first half of 2014 increased 51% over the same period last year, according to the company, without disclosing financial specifics.

Valence Health attracts $15 million in financing

Valence Health, which provides medical management and data analysis to hospitals, is getting a second round of financing, a $15 million investment led by Nashville, Tenn., venture capital firm Heritage Group.

It follows a $30 million infusion in 2012 by North Bridge Venture Partners LP of Waltham, Mass., which also is participating in the latest round.

Valence CEO Phil Kamp said the funds would be used for software development, sales and marketing, and client management resources.

Valence Health

Valence Health provides value-based care solutions for hospitals, health systems and physicians to help them achieve clinical and financial rewards for more effectively managing patient populations.

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