Finance
Insignia Health developed the Patient Activation Measure.
The deal will cost the Canadian digital pharmacy C$1.85 million.
This news comes just days after Quartet announced a $60 million funding round.
This week the company also reaffirmed its 2021 revenue guidance and announced its outlook for next year.
2022 Look Ahead
Deloitte’s Road to Next report found health tech investments totaled $23.8 billion across 556 completed transactions so far this year.
Also: HelloHero scores $7.7 million for pediatric mental health, and Pair Team nabs $7.3 million for primary care coordination tool.
This new round of funding brings the company's total raise to roughly $95 million.
This new infusion of cash comes roughly two years after the company closed a $60.75 million Series D round.
The prescription digital therapeutics company said the transaction generated approximately $175 million.
The companies position the acquisition as a way to reduce costs for patients and improve the financial health of provider organizations.