On Health in 2 Point 00, Jess and I talk about TDOC earnings before getting into today’s deals. First, Virta Health scores $133 million in a round led by Tiger Global for its keto diabetes reversal program. Seqster raises $12 million in its Series A, and there are some interesting investors in this one. MSK startup Kaia Health raises $75 million, bringing its total to $123 million. Online pharmacy Capsule raises $300 million, bringing its total to $570 million. Finally Accolade acquires virtual primary care platform PlushCare in a $450 million deal. —Matthew Holt
Qualcomm Life has built a big ecosystem of device partners on its 2net platform, focusing mostly on moving data from devices used by patients in their home. Today they sped up that development by buying Capsule which has a strong business on integrating data between different devices in the hospital.
I had a quick interview with Rick Valencia, GM of Qualcomm Life about their business. Two quick things to note. 1) I’m on the Qualcomm Life Advisory Board (although I knew nothing about this acquisition beforehand) and 2) I caught Rick at the end of a long day and tried to get him to talk about some recent customer data but neither of us could remember the reference. I was hoping he’d tell me more about this successful roll out of the 2net ecosystem in Northern Arizona, which is well worth a read. Meanwhile for more on Qualcomm & Capsule, watch the interview.