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ResMed Acquires Brightree For $800M

socalTECH

San Diego-based medical device provider ResMed has acquired healthcare software developer Brightree , in a deal worth $800M, according to the companies. ResMed said it will pay $800M in cash for ResMed, which had net sales of approximately $113M in 2015.

San Diego 100
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NantHealth Files For IPO

socalTECH

NantHealth reported a net loss of $71.6M in total revenues for 2015. NantHealth said it intends to list on the NASDAQ Global Market as NH. The IPO is being underwritten by Jeffries, Cowen and Company, First Analysis Securities Co., The filing is the first IPO filing for a Southern California technology firm so far in 2016.

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GrubMarket raises $60M as food delivery stays center stage

TechCrunch LA

Past investors also included Y Combinator, where GrubMarket was part of the Winter 2015 cohort), and for some more context, GrubMarket last raised money in April 2019 , $28 million at a $228 million valuation, a source says. It has made some 15 acquisitions in the last two years, including Boston Organics and EJ Food Distributor this year.