August 25, 2021

Business Wire

Ginger and Headspace Will Merge to Meet Escalating Global Demand for Mental Health Support

Headspace, a global leader in mindfulness and meditation, and Ginger, a leader in on-demand mental healthcare, announced they have entered into a definitive agreement to merge. The combined entity, Headspace Health, will offer the world’s most accessible and comprehensive digital mental health and wellbeing platform.

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August 5, 2021

Cricket Health

Cricket Health Secures $83.5 Million Series B Funding Round Supported by Industry-Leading Clinical Outcomes

Cricket Health announced it has closed an $83.5 million Series B funding round led by Valtruis. The round also includes existing investors Oak HC/FT and Cigna Ventures, as well as K2 HealthVentures and a strategic investment from Blue Shield of California. The funding round will enable Cricket Health’s rapid expansion to support growing demand for its proven care model for people with kidney disease across the United States.

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August 4, 2021

Amedisys

Amedisys Reports Second Quarter 2021 Financial Results, Closing of Contessa Acquisition

On August 1, 2021, Amedisys closed on previously announced acquisition of Contessa Health (“Contessa”), a leader in hospital-at-home and skilled nursing facility (“SNF”) at-home services. With the addition of Contessa’s risk-based model and claims analytics capabilities, Amedisys will be able to bring the essential elements of inpatient hospital and SNF care to patients’ homes, enabling the emergence of a risk-bearing, home-based care delivery organization, expanding well beyond traditional Home Health and Hospice. Contessa will operate as a wholly owned division of Amedisys and will be reported as a separate operating segment in our future filings.

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July 28, 2021

Datavant

Datavant Closes Ciox Merger, Announces Launch of Datavant Switchboard

Datavant, the leader in health data connectivity, announced that it has closed its merger with Ciox Health and has launched an expanded product suite that provides neutral, trusted, and ubiquitous infrastructure for the exchange of data across healthcare. Going forward, the combined entity will be known as Datavant. Datavant is the nation’s largest health data ecosystem, powering secure data connectivity on behalf of thousands of providers, payers, health data analytics companies, patient-facing applications, government agencies, research institutions, and life science companies.

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June 30, 2021

Amedisys

Amedisys Announces Agreement to Acquire Contessa Health, Creating a Comprehensive Home Healthcare Delivery Platform

Amedisys, Inc., a leading home health, hospice and personal care company, announced that it has signed a definitive agreement to acquire Contessa Health, a leader in hospital-at-home and skilled nursing facility (SNF) at-home services. In addition, Amedisys plans to invest meaningfully in the future growth of Contessa’s business and proprietary informatics platform, CareConvergence™. Upon closing of the deal, Nashville, Tenn.-based Contessa will operate as a wholly owned division of Amedisys.

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June 21, 2021

Business Wire

Cleerly Launches with $43 Million Series B to Provide a New Standard of Care for the Leading Cause of Death – Heart Disease

Cleerly, the company creating a new standard of care for heart disease, launched with $43 million in Series B funding and unveiled its first-of-its-kind digital care pathway solution for heart attack prevention. The financing, which was led by Vensana Capital with participation from LRVHealth, New Leaf Venture Partners, DigiTx Partners, the American College of Cardiology, Cigna Ventures, and existing investors, brings Cleerly’s total funding to $54 million.

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June 09, 2021

Datavant

Datavant and Ciox Health Announce Merger, Creating the Largest Neutral and Secure Health Data Ecosystem

Datavant, the leader in helping healthcare organizations securely connect their data, and Ciox Health, the leader in clinical data exchange, announced that they have signed a definitive agreement to merge the two companies in a transaction valued at $7.0 billion. The combined entity, to be named Datavant, will be the nation’s largest health data ecosystem, enabling patients, providers, payers, health data analytics companies, patient-facing applications, government agencies, and life science companies to securely exchange their patient-level data.

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May 25, 2021

Octave

Octave Secures $20 Million in Series B Funding to Expand Mental Healthcare Access

Octave, an innovator in outcomes-focused behavioral health, announced that it has raised $20 million in Series B funding, bringing its total raised to $34 million. The round was led by Health Velocity Capital and joined by Cigna Ventures, as well as existing investors Greycroft, Obvious Ventures, Company Ventures, and Felicis Ventures. The company plans to use the funding to support technology and clinical innovation and further expand its business operations to give more people access to high-quality mental health care.

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April 19, 2021

MDLive

Evernorth Completes Acquisition of MDLIVE to Expand Access to Virtual Care

Evernorth, the health services portfolio of Cigna Corporation, announced that it has completed its acquisition of MDLIVE, a privately held, leading 24/7 virtual care delivery platform. The transaction, first announced on February 26, expands Evernorth’s capabilities to lower the cost of care – while increasing access to health care providers – through virtual visits that can be accessed from the home or anywhere.

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March 24, 2021

Business Wire

Ginger Announces $100 Million Series E Financing from Blackstone to Bring Value-Based Mental Healthcare to Millions of Employees and Health Plan Members

Ginger, the on-demand mental health company, announced a $100 million Series E financing round led by funds managed by Blackstone Growth (“Blackstone Growth”). This latest round of investment will bring the company’s total funding to over $220 million, on the heels of approximately 3x revenue growth over the past year.

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November 18, 2020

Business Wire

MedAvail and MYOS RENS Technology Announce Closing of Business Combination

MedAvail, Inc. (“MedAvail”), a leading technology-enabled pharmacy organization that embeds pharmacy services directly into clinics and other points of care through its proprietary technology, announced the completion of its previously announced business combination with MYOS RENS Technology, Inc. (NASDAQ: MYOS), an advanced nutrition company and the owner of Fortetropin^®, a proprietary bioactive composition that helps build lean muscle. The combined company will focus on the MedAvail business and its shares will trade on the Nasdaq Capital Market under the new trading symbol “MDVL.” The current MYOS RENS muscle health business will be spun off as a private unaffiliated company.

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November 10, 2020

PR Newswire

Cigna Ventures, Humana, and Optum Ventures Among Investor Set Re-Upping in Buoy Health Series C Financing

Buoy Health, the AI-powered healthcare navigation platform, announced the completion of a $37.5 million Series C funding round. Cigna Ventures and Humana led the funding round and were joined by Optum Ventures, WR Hambrecht + Co, and Trustbridge Partners. To date, Buoy has raised $66.5 million.

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October 12, 2020

Mobihealthnews

Datavant Brings in $40M to Power Health Data Exchange Across Providers, Life Sciences

Datavant, a data sharing technology startup for providers and life science companies, last week closed $40 million in Series B funding. Transformation Capital headlined the raise, which saw contributions from new backers Johnson & Johnson Innovation - JJDC and Cigna Ventures in addition to those of prior investors Roivant Sciences and Flex Capital.

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October 9, 2020

MedCity News

StartUPDATES: New Developments for Healthcare Startups

Datavant, a health IT company, received $40 million in Series B funding. Transformation Capital led the round with participation by new investors Johnson & Johnson Innovation – JJDC, Inc. and Cigna Ventures. Existing shareholders also took part, including Roivant Sciences and Flex Capital. Datavant’s technology enables a match between a consenting patient’s study data and their real world data.

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August 6, 2020

TECH CRUNCH

On-Demand Mental Health Service Provider Ginger Raises $50 Million

The company’s $50 million Series D round was co-led by Advance Venture Partners and Bessemer Venture Partners, with additional participation from Cigna Ventures and existing investors such as Jeff Weiner, executive chairman of LinkedIn, and Kaiser Permanente Ventures. To date, Ginger has raised roughly $120 million.

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August 6, 2020

FIERCEHEALTHCARE

Mental Health Startup Ginger Lands $50M Backed by Cigna, Kaiser Permanente

“At Cigna Ventures, we are committed to investing in bold, new ways to make high-quality healthcare simpler and more affordable,” Sahil Choudhry, managing director at Cigna Ventures, said in a statement.

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April 1, 2020

MEDCITY NEWS

AristaMD Raises $18M for eConsult Platform

AristaMD, a San Diego-based startup facilitating eConsults, raised $18 million in a series B round led by Cigna Ventures and MemorialCare Innovation Fund. The company plans to use the additional funds to expand its footprint across the U.S.

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February 10, 2020

FIERCEHEALTHCARE

Executive Spotlight—What Cigna's Tom Richards Looks for in Investment Opportunities

Tom Richards, Cigna's senior vice president and global lead of strategy and business development, speaks with FierceHealthcare about what Cigna Ventures looks for in investments. He told FierceHealthcare that investment decisions aim to find potential partners that can make the customer experience easier.

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January 13, 2020

PRESS RELEASE

Cigna Ventures Invests in Two Breakthrough Companies to Accelerate Digital Health Innovation and Connect Customers to Care Anywhere, Anytime

Cigna Ventures today announced it has invested in two breakthrough digital health companies, Buoy Health and RecoveryOne, to advance Cigna's strategy to deliver affordable, predictable and simple care anytime, anywhere. The new partnerships further Cigna's strategy to connect customers to high-quality care and meet them where they are – at home, at work, on the go.

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January 13, 2020

FORBES

Cigna Expands MDLive Telehealth Partnership to Primary Care

Cigna is expanding online access to primary care physicians via its telehealth partner MDLive, a portfolio company of Cigna Ventures, for the insurer’s employer-sponsored plan clients. The move is significant because it greatly expands the use of virtual access to doctors from the already existing behavioral health and urgent care services MDLive offers Cigna employer-sponsored health plan enrollees.

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January 13, 2020

MEDCITY NEWS

Cigna Ventures Leads $29.5M Investment in AI Analytics Firm

Healthcare analytics company Arcadia raised $29.5 million in new funding. The growth capital round was led by Cigna Ventures, with participation from past investors. Burlington, Massachusetts-based Arcadia integrates with more than 40 different electronic health record companies. It aggregates and analyzes records data to help hospitals and accountable care organizations meet metrics for value-based care. The company also develops tools to identify gaps in patient care and find ways to improve on cost.

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December 9, 2019

BECKER’S HOSPITAL REVIEW

Cigna Ventures Leads $12M Investment in Telerehab Platform

Trainer Rx, a digital health startup providing personalized, app-based rehabilitation programs for patients with musculoskeletal conditions, announced on Dec. 9 a name change to RecoveryOne and the close of a $12 million funding round. The funding was led by Cigna Ventures, a venture capital fund and wholly owned indirect subsidiary of insurer Cigna.

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July 09, 2019

Cigna Newsroom

GNS Healthcare Raises $23 Million Led by Cigna Ventures

GNS Healthcare (GNS), a leading precision medicine company, announced a $23 million Series D fundraising round, led by Cigna Ventures, a strategic corporate venture capital partner and wholly owned indirect subsidiary of Cigna Corporation.

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June 26, 2019

Omada Health

Omada Health Raises $73 Million to Accelerate Program Expansion

Omada Health announced a $73 million round of funding led by Wellington Management Company LLP. Omada will use the funding to fuel the continued expansion of its digital care program, including support for those with type 2 diabetes and hypertension, as well as those dealing with anxiety and depression.

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September 12, 2018

Cigna Newsroom

Cigna Announces Cigna Ventures with $250 Million to Fund Transformative Innovation and Growth for Health Care

Cigna has committed $250 million of capital to Cigna Ventures to invest in promising startups and growth-stage companies that are unlocking new growth possibilities in health care and will bring improved care quality, affordability, choice, and greater simplicity to customers and clients.

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September 05, 2018

Cricket Health

Cricket Health Announces $24 Million Series A Funding Round to Provide Personalized, Cost-Effective Kidney Care

Cricket Health, a tech-enabled provider of integrated kidney care, announced that it has closed a Series A funding round of $24 million. New investor Oak HC/FT led the round, and additional new investors include Cigna Corporation, LifeForce Capital, iSeed Ventures, Joe Montana’s Liquid 2 Ventures, Rock Health co-founder Halle Tecco, and Virta Health co-founder Sami Inkinen. Returning investors include First Round Capital, Box Group, Nexus Ventures, Seven Peaks Ventures, Aberdare Management, and LinkedIn CEO Jeff Weiner.

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November 27, 2017

Wall Street Journal

Prognos Picks Up $20.5 Million for Disease-Prediction Technology

Prognos has secured $20.5 million in expansion financing after answering health insurers’ call for technology that could help them predict diseases instead of just responding to them.

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