May 29, 2025

Hey everyone, Summy here! I have some exciting healthcare news to share with you from the past month. In May, we saw some major developments in the industry, including Hinge Health going public and raising $437 million, as well as rumors of Abridge raising another funding round at a reported $5 billion valuation. There were also talks of Sword Health potentially acquiring Kaia Health, which could have significant implications in the MSK space.

In other news, Regeneron Pharmaceuticals agreed to acquire genetic-testing firm 23andMe for $256 million, while Northwell Health CEO Michael Dowling announced his upcoming transition, and Function Health acquired full-body MRI player Ezra. We also saw a massive consolidating move within healthcare RCM and AI, as New Mountain Capital combined its portfolio companies into a single AI-powered platform named Smarter Technologies.

Additionally, there were policy and compliance updates, such as CMS’s proposed changes to Medicare Advantage audits and a federal court ruling in favor of HHS oversight over drug rebate calculations under the 340B program. The healthcare industry is constantly evolving, with new partnerships, acquisitions, and innovation taking place every day.

As we look ahead, there are exciting events and developments on the horizon. Adventist Health and The Garage will be discussing how to scale the infrastructure that powers value-based care on June 12th. It’s events like these that showcase the innovative spirit of the healthcare industry and inspire us to continue pushing boundaries and improving patient care.

I’m thrilled to see the progress and growth in the healthcare sector, and I look forward to sharing more updates and insights with you in the future. Stay tuned for more exciting news and developments in the world of healthcare. Until next time, stay healthy and take care! – Summy

Stay Well!