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HEALTHCARE | Disease Diagnosis
3derm.com

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Stage

Acquired | Acquired

Total Raised

$3.52M

About 3Derm Systems

3Derm Systems is developing a skin monitoring solution that allows patients to take 3D images from their homes. Dermatologists can use the uploaded images to monitor patients' lesions while reserving in-clinic appointment times for patients whose images indicate a more alarming condition.On August 19th, 2020, 3Derm Systems was acquired by Digital Diagnostics. The terms of the transaction were not disclosed.

3Derm Systems Headquarter Location

101 Huntington Ave 17th Floor

Boston, Massachusetts, 02199,

United States

617-246-0955

Latest 3Derm Systems News

Digital health M&A in Q3 2020 dominated by a single industry-changing acquisition

Oct 9, 2020

The marriage of Teladoc Health and Livongo stood out amidst a quarter with relatively few M&A deals. Share While the third quarter of 2020 may not be remembered for its volume of M&A deals, it will likely be bookmarked as a clear example of front-runner consolidation within digital health. Over the last three months, MobiHealthNews tracked and covered only nine confirmed M&A deals, plus one credibly reported acquisition (not counting deals involving special purpose acquisition companies [SPACs], which in practice are more akin to IPOs). The easy frontrunner among these is Teladoc Health's big ticket acquisition of Livongo, two giants in the telehealth and digital chronic disease management spaces, respectively. It was a deal that, at least for one of Livongo's primary investors, will build an entity that could serve as a model for digital health's eventual role within the broader healthcare ecosystem. "You will have a $35, $40 billion market cap virtual health system that’s taking care of millions of people in this country that looks and feels like a high-margin software company that is going very fast," Hemant Taneja, managing director of General Catalyst, recently told MobiHealthNews . "You want to see vibrant healthcare services companies that can then pour resources into bending the cost curve, investing in the right consumer experiences. To me, hopefully, this is a blueprint of what’s to come. When you think about the fact this is 20% of GDP, you should have dozens of companies of this size and scale and growth, and compounding in the space.” While the $18.5 billion acquisition commanded the most headlines, the quarter also had a couple deal announcements that we know to be in the range of hundreds of millions, or even over a billion. See below for a list of those MobiHealthNews covered in the quarter, descending in order from size or time of announcement (in the case of those with undisclosed price tags). Teladoc Health absorbs chronic care company Livongo . In what was the biggest digital health M&A deal of the quarter (and almost certainly the calendar year), in August, digital health titans Teladoc Health and Livongo announced plans to merge under the Teladoc name. The deal valued Livongo at about $18.5 billion, with Teladoc primarily purchasing the chronic care company with shares. The deal is expected to close by the end of 2020, and see Teladoc shareholders owning 58% of the combined company. The companies said that their combined annual revenue would be coming in at $1.3 billion, and that their platforms and services would be integrated in an effort to provide new "whole person care" offerings. UnitedHealth Group reportedly scoops up digital pharmacy DivvyDose . UnitedHealth Group has stepped into the digital pharmacy space with the acquisition of DivvyDose, according to a CNBC report from late September that has yet to be confirmed by the companies. The deal was estimated to run in the neighborhood of $300 million. It would bring the payer a virtual pharmacy service that could be used to better serve its members. Otsuka scoops up Proteus' remaining assets, debts . Otsuka's $15 million bid to purchase bankrupt "digital pill" developer Proteus Digital Health's remaining assets was challenged by Novartis, former Proteus executives and other investors, who argued that the price tag was too low. A federal bankruptcy court approved the purchase in mid-August. Otsuka was the only bidder for the assets, and with this inherits the digital health company's outstanding debts. Curavi Health, CarePointe and U.S. Health Systems merge to form Arkos Health. The three health tech startups and spinouts are combining their efforts to become a single entity focused on delivering virtual-care products and population health insights for seniors. Specifically, CarePointe and USHS will be responsible for handling care coordination while Curavi will continue deliver remote-care programs to Arkos Health's customers. Each will act as a wholly owned subsidiary of Arkos, and their executive teams will be merged. Sharecare picks up WhiteHatAI . Sharecare, a digital patient engagement company, announced in late July that it is purchasing WhiteHatAI, which focuses on using artificial intelligence to address healthcare payments. The plan is for WhiteHatAI's technology to be integrated so that Sharecare's payer and provider partners will be able to better identify fraud, waste and abuse. Providers will also be able to use the new tech in order to extract unstructured clinical data from medical charters, while patients would be able to use an app to verify certain procedures and answer questions about their satisfaction and experience. U.K.-based telehealth platform HealthHero acquires Fernarzt.com . In August, European telehealth and care connection platform HealthHero launched alongside news that it would be acquiring German medical consultation service Fernarzt.com. The newly acquired company facilitates prescription delivery by having patients fill out a medical questionnaire that is reviewed by a doctor. While that service is consumer facing, HealthHero has primarily targeted its new offering at insurance companies and employers. Medtronic plans to buy connected insulin-pen startup Companion Medical . Medical device company Medtronic announced its plans to buy Companion Medical, a company best known for an insulin pen that integrates a companion app called the InPen. Estimated to close around October, the deal would see the InPen fall in line with the rest of Medtronic's diabetes portfolio, which includes continuous glucose monitoring technology and some diet management startups that it acquired in years past. Digital Diagnostics acquires dermatology-focused startup 3Derm . Autonomous AI platform Digital Diagnostics, previously known as IDx, announced that it has purchased 3Derm Systems in a move that would expand its reach into the dermatology space. The former company previously made its mark with an AI tool for detection of diabetic retinopathy, while the latter is currently prepping a skin cancer detection product for FDA clearance. Sonde Health acquires NeuroLex Laboratories . Sonde Health, a PureTech Health spinout focused on vocal biomarkers for various health conditions, picked up voice-based survey-platform-maker NeuroLex Laboratories in late August. Their announcement highlighted the R&D benefits of a combined voice-sample dataset, a roughly 80,000-person strong collection which the companies consider to be "one of the world's preeminent biobanks focused on vocal biomarkers." Sonde's acquisition of the web-based surveying tool's infrastructure will also allow the company to better implement its early screening technology across more devices and platforms. ConsumerMedical buys fellow second opinions company InfiniteMD . Both companies focused on using virtual consultation technologies to provide expert medical support to practitioners and second opinions to patients. This acquisition will merge the technology of InfiniteMD and Consumer Medical. The companies described the acquisition as a play to expand the geographical footprint of their businesses. 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Research containing 3Derm Systems

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CB Insights Intelligence Analysts have mentioned 3Derm Systems in 1 CB Insights research brief, most recently on May 6, 2021.

Expert Collections containing 3Derm Systems

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

3Derm Systems is included in 4 Expert Collections, including Medical Devices.

M

Medical Devices

8,059 items

Companies developing medical devices (per the IMDRF's definition of "medical device"). Includes software, lab-developed tests (LDTs), and combination products. *Columns updated as regularly as possible.

D

Digital Health

11,219 items

Companies leveraging digital technology for healthcare, consumer health, clinical research, and life science (e.g. biopharma, medtech) applications.

T

Telehealth

2,677 items

Companies developing, offering, or using electronic and telecommunication technologies to facilitate the delivery of health & wellness services from a distance. *Columns updated as regularly as possible; priority given to companies with the most and/or most recent funding.

H

Health Monitoring & Diagnostics

1,148 items

Companies developing technology for computer-aided diagnostic imaging. Companies tagged as #ComputerAidedDxImaging

3Derm Systems Patents

3Derm Systems has filed 1 patent.

The 3 most popular patent topics include:

  • Classification algorithms
  • Data mining
  • Health informatics
patents chart

Application Date

Grant Date

Title

Related Topics

Status

6/12/2020

Health informatics, Machine learning, Statistical classification, Classification algorithms, Data mining

Application

Application Date

6/12/2020

Grant Date

Title

Related Topics

Health informatics, Machine learning, Statistical classification, Classification algorithms, Data mining

Status

Application

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