US Firm Acquires Israeli HealthTech Startup Laguna Health for Tens of Millions
Translated & summarized from Ice by baba
American company Elligint Health has acquired Israeli healthtech startup Laguna Health for tens of millions of dollars. The acquisition follows a recent partnership to integrate Laguna's AI tools into Elligint's U.S. platform. Laguna Health, founded in 2020, will continue operating from Tel Aviv as a subsidiary, with plans for Elligint to expand its development and workforce in Israel. Yoni Stein will remain CEO of Laguna.
The story in 5 lines · by baba
- Elligint Health acquired Israeli startup Laguna Health for tens of millions of dollars.
- Laguna Health uses AI to manage patient care and streamline administrative tasks for healthcare providers.
- The acquisition aims to expand Elligint's development operations in Israel.
- Laguna Health will continue to operate from Tel Aviv as a wholly-owned subsidiary.
- Yoni Stein will remain as CEO of Laguna Health following the acquisition.
Elligint Health, an American health technology company, has acquired Israeli startup Laguna Health, which specializes in AI-driven patient care management. The acquisition follows a commercial partnership announced just over a month prior, aimed at integrating Laguna's AI tools into Elligint's Helios platform in the United States. While the exact sum was not disclosed, reports estimate the deal to be worth tens of millions of dollars.
Laguna Health, founded in 2020 by Yoni Stein and Yael Peled-Adam, had previously raised approximately $30 million from investors including Pitango, LionBird, Arkyn, HC9, and SemperVirens. The acquisition is expected to expand Elligint's development operations in Israel. Laguna, currently employing around 20 people, will continue to operate from Tel Aviv as a wholly-owned subsidiary and will serve as Elligint's AI development arm.
Elligint Health plans to double its workforce, hiring engineers, AI developers, and sales personnel focused on the U.S. market. Yoni Stein will remain as CEO of Laguna Health. The partnership, announced October 6, aimed to help healthcare teams manage increased workloads by reducing administrative tasks and improving service quality control.
Laguna's technology focuses on analyzing conversations between medical and social care staff and patients. It assists in documenting calls, analyzing information, and identifying cases requiring further attention, while also enabling quality control of a large volume of calls. A case study cited during the partnership announcement indicated a 66% reduction in post-call documentation time and 99% accuracy in clinical content generated by the system for a specific client.
Elligint Health provides technological solutions for health insurance companies and medical organizations in the U.S., supporting the care management of over 13 million beneficiaries. The integration of Laguna's technology is expected to broaden Elligint's product offerings, transitioning the Israeli company from independent solution development to becoming part of a larger U.S. group with a substantial customer base, alongside plans to expand its Tel Aviv development center.
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