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September 28, 2020 News No Comments

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Online health and wellness company Hims considers going public through a merger with Oaktree Acquisition Corp. The blank-check company is looking to raise $75 million to fund the merger, which could give Hims a valuation of $1.6 billion.

Valued at $1.1 billion last year, Hims has raised nearly $200 million since launching in 2017. Its telemedicine and prescription delivery services have expanded beyond hair loss and erectile dysfunction to include urgent and mental healthcare.


September 30 (Wednesday) 11 ET. “The Hidden Threat: New Research on Security Vulnerabilities and Privacy Gaps in Healthcare Apps.” Sponsors: Verimatrix, NowSecure. Presenters: Neal Michie, MEng, director of product management, Verimatrix; Brian Lawrence, direction of solution engineering, NowSecure. The presenters will present research on the security risk profile of 1,000 healthcare apps in managing patient privacy, how they compare to those in other industries, and where the biggest vulnerabilities lie. Attendees will learn how to make their healthcare apps more secure in managing protected health information.

Previous webinars are on our YouTube channel. Contact Lorre to present your own.

Acquisitions, Funding, Business, and Stock


Canadian health IT vendor CloudMD will acquire a majority stake in Lynchburg, VA-based EHR, practice management, and RCM vendor Benchmark Systems from AntWorks for $4.4 million, and will acquire mental health assessment and care coordination vendor Snapclarity for $2.5 million.

CareTrack raises seed funding to launch TeleCare, a telemedicine-based care coordination service designed for practices and their Medicare patients.



Matt Wanderer (Carie Health) joins Chalkboard Health as CEO. The portfolio company will soon launch °Fluent, which will offer cold and flu treatment via telemedicine and online pharmacy.


Therapy Brands names Dave Wirta (Community Brands) COO.

Announcements and Implementations


Walmart Health will open 22 clinics across Georgia, Florida, and Arkansas by the end of 2021, bringing its total to 35. Analysts foresee the retail chain poaching talent and patients away from traditional primary care practices, which charge, on average, more than double Walmart Health’s $40 fee.

Office Practicum adds telemedicine capabilities from Anytime Pediatrics to its EHR for pediatricians.

Clinicient integrates BetterPT’s virtual visit and online scheduling technology with its EHR for outpatient rehabilitation providers.

Government and Politics


The North Carolina Department of Health and Human Services rolls out the SlowCOVIDNC exposure notification app, built on technology developed by Apple and Google. Nine states have developed apps that use the same software, with seven more in development.


Jenn, Mr. H, Lorre

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