Genstar Capital, a leading private equity firm focused on the healthcare, software, financial services, and industrial technology industries, today announced the sale of ERT, a leading provider of high-quality patient data collection solutions for use in clinical drug development, to Nordic Capital Fund VIII.
ERT, a global data and technology company that minimizes uncertainty and risk in clinical trials, today announced it has acquired iCardiac Technologies, a leading provider of centralized cardiac safety and respiratory solutions that accelerate clinical research. Financial terms of the transaction were not disclosed.
As reported by MedCity News:
In its largest acquisition to date and one of the top digital health deals of the year, Teladoc has acquired second opinion service Best Doctors in a $440 million deal, including $375 million cash and $65 million in equity. As 40 percent of Best Doctors’ revenue is generated outside the U.S., the deal is intended to boost Teladoc’s international clout and provide telehealth cross selling opportunities for both companies.
Teladoc CEO Jason Gorevic noted that Best Doctors has a presence in 100 countries.
As reported by TechCrunch:
On-demand labor marketplaces have been around for decades on the internet. Paying someone to identify a cat using Amazon Mechanical Turk or hiring someone to program a quick website on Upwork is easy — post a job, select someone, pay a few bucks and you’re done.
While hiring individuals is reasonably straightforward, building teams to accomplish specialized projects is a far more challenging problem, and few industries have as challenging a need as the pharmaceutical and medical devices industry.
Indigo Ag, Inc., a company dedicated to harnessing nature to help farmers sustainably feed the planet, today announces the closing of its Series D funding round. With an additional $47M raised since the announcement of a $156M closing in late September, the total round has reached $203M. The largest investor in the second close was Investment Corporation of Dubai (ICD), which will hold a Board Observer seat at Indigo.
Casa Systems, which provides high-throughput edge devices to broadband network providers, announced terms for its IPO on Monday.
The Andover, MA-based company plans to raise $134 million by offering 8.4 million shares at a price range of $15 to $17. At the midpoint of the proposed range, Casa Systems would command a fully diluted market value of $1.5 billion.
Elsen, the Platform-as-a-Service company for large financial institutions, today announced that it has raised $2.4 million in a seed extension round led by Hyperplane Venture Capital with participation from Accomplice, Launch Capital and hand-picked angel investors from the startup and financial community. As part of the investment, Hyperplane managing partner, Jack Klinck, who previously spent nearly two decades in executive roles at State Street and BNY Mellon, will join the company’s board of directors as Chairman.