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News 11/3/25

November 3, 2025 News No Comments

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Remote therapeutic monitoring software company PtMantra will expand its operation in Wixom, MI through a collaboration with affiliate IT consulting firm Youngsoft that will focus on the development of an AI-based RTM platform. PtMantra, which markets its solution to physical therapists, home health agencies, and orthopedic surgeons, expects to create 107 jobs.

Rupesh Srivastava founded Youngsoft in 1996 and PtMantra in 2021.


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Acquisitions, Funding, Business, and Stock

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Well Health Technologies announces that subsidiary Wellstar Technologies has secured $62 million in financing and plans to go public on the Toronto Stock Exchange sometime next year. Wellstar offers EHR, billing and practice management, and digital health apps to clinics across Canada.


People

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Wellvana promotes Susan Diamond to CEO.

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Zarminali Pediatrics names Syed Hassan (Meta[bolic]) CTO.

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Dan Shur (Aloha Value Advisory) joins Carenet Health as chief product officer.


Other

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Kinis Barefoot winds down its footwear business to focus on BalancePro Exam, an AI-powered fall-prevention app geared towards primary care practices, rehabilitation clinics, and assisted living facilities. The app combines video with AI-powered assessments to give users a “balance health” rating paired with suggested exercises, and providers the ability to track a patient’s progress. The startup expects to officially launch the app in March.

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Shft Behavioral Health opens a mental health urgent care facility in Chicago.


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