digital health funding
Like others in the space, the 43-year-old owner of the NordicTrack, Freemotion, ProForm and iFit brands has seen revenues rise amidst social distancing.
Rock Health reports $4 billion in funding for U.S. digital health startups this quarter, much of which was driven by a flurry of telehealth investments and late-stage rounds for R&D and fitness tech companies.
The funding was invested by fellow health company Reckitt Benckiser.
Along with funds announced a few months back, this brings the round's total to $20.8 million.
The Florida startup connects college and nursing students with seniors who need help with tasks or someone to talk to.
Also: Hospital and health system software maker Olive closes $106 million; Ready's tech-enabled on-demand home care locks up $54 million.
The company has raised a lifetime total of $50 million.
With these funds, the telehealth company said it will be expanding platform and launching new supporting products and services.
Also: Skin Analytics' Series A contributes to AI-based detection of potential skin cancer; China's LickDoc supports its healthcare big data repository with $102 million.
This morning, clinical-navigation platform Grand Rounds announced a whopping $175 million investment round led by the Carlyle Group.