CIBC Innovation Banking Provides Venture Debt for SlicedHealth
CIBC Innovation Banking announced today that it has provided venture debt financing to SlicedHealth, Inc. The company will use the financing to further its investment in the platform and grow its workforce. SlicedHealth raised a Series A lead by Arthur Ventures in July 2024.
'In today's healthcare environment, many hospitals and provider organizations still rely on manual processes and spreadsheets to model their payor contracts, leaving them at a significant disadvantage,' said Reed Liggin, CEO and co-founder, SlicedHealth. 'By working with a forward-thinking bank like CIBC, we are able to further disrupt the industry by investing heavily in advancing our platform and artificial intelligence to bring speed, efficiency and increased ROI to the healthcare industry.'
'The rock-star team at SlicedHealth is working to transform healthcare spend across the United States,' said Andrew Kirk, Managing Director at CIBC Innovation Banking. 'We are excited to work with their team as they strive to provide greater healthcare transparency in our communities.'
About CIBC Innovation Banking
CIBC Innovation Banking delivers funding, strategic advice, and cash management to innovation companies across North America, the UK, and select European countries at each stage of their business cycle, from start up to IPO and beyond. With offices in San Francisco, Menlo Park, New York, Toronto, London, Austin, Boston, Chicago, Seattle, Vancouver, Montreal, Atlanta, Reston, Durham and Denver, the team has extensive experience and a strong, collaborative approach that extends across CIBC's commercial banking, private banking, wealth management and capital markets businesses.
About SlicedHealth, Inc. — SlicedHealth empowers hospitals, health systems, specialty practices and ambulatory surgery centers to uncover hidden underpayments and denials, access real-time data insights, ensure compliance and secure upfront payments. Our Contract Modeling Platform leverages advanced AI to provide the data needed to hold payers accountable, optimize revenue, and improve financial outcomes. With seamless implementation, hands-on support, and expert-managed services, we reduce the operational burden—delivering faster results and a quicker ROI. slicedhealth.com
About Arthur Ventures
Arthur Ventures is an early-growth capital firm with approximately $1.1 billion in assets under management, investing in B2B software companies across the United States and Canada. We focus on supporting businesses outside Silicon Valley to drive innovation in diverse markets. For more information, visit arthurventures.com.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Toronto Sun
6 hours ago
- Toronto Sun
EU lawmakers vote to bar carry-on luggage fees on planes
The move is strongly opposed by aviation sector The European Parliament's transport committee adopted a proposal that would allow travellers to bring a personal item into the cabin, such as a handbag or backpack, and a hand luggage of up to seven kilos (15 pounds) at no extra fee. Photo by STEFANO RELLANDINI / AFP/File BRUSSELS — European lawmakers pushed on Tuesday to ban airlines from charging passengers for small carry-on luggage in a move strongly opposed by the aviation sector. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account The European Parliament's transport committee adopted a proposal that would allow travellers to bring a personal item into the cabin, such as a handbag or backpack, and a hand luggage of up to seven kilos (15 pounds) at no extra fee. The measure sought to spare passengers 'unjustified extra costs', said Matteo Ricci, a centre-left lawmaker and bill's lead sponsor. Many low-cost air carriers include only one small on-board item in the ticket, charging extra for other hand baggage. Airlines for Europe (A4E), an industry association, condemned the proposal, suggesting it would result in higher flight prices, upping costs for those who travel light. 'Forcing a mandatory trolley bag… obliges passengers to pay for services they may not want or need,' A4E managing director Ourania Georgoutsakou said ahead of the vote. This advertisement has not loaded yet, but your article continues below. The measure, which would apply to all flights departing or arriving within the 27-nation European Union, was adopted as part of a package of amendments to passenger rights rules put forward by the European Commission. The transport committee also voted to introduce a common form for compensation and reimbursement requests as well a defined list of extraordinary circumstances, such as natural disasters or war, under which airlines can deny those. The proposals must next go to a vote by the full parliament. They are subject to change as they will need to be negotiated with and approved by member states before they can enter into force. Toronto Blue Jays Toronto & GTA Toronto & GTA NHL Toronto & GTA
Canada News.Net
6 hours ago
- Canada News.Net
NATO summit opens amid discord over defence spending and Ukraine
NATO leaders meet Tuesday in The Hague for a high-stakes summit that will cover topics such as a proposed 5% GDP target and questions about Kyiv's role at the table. U.S. PresidentDonald Trumpand hisNATOcounterparts are due to gather Tuesday for a summit that could unite the world's biggest security organization around a new defense spending pledge or widen divisions among the 32 allies. Just a week ago, things had seemed rosy. NATO Secretary-GeneralMark Ruttewas optimistic the European members andCanadawould commit to invest at least as much of their economic growth on defense as the United States does for the first time. ThenSpainrejected the new NATO targetfor each country to spend 5% of its gross domestic product on defense needs, calling it unreasonable. Trump also insists on that figure. The alliance operates on a consensus that requires the backing of all 32 members. The following day, Trump said the U.S. should not have to respect the goal. I dont think we should, but I think they should, he said. Trump lashed out at Prime Minister Pedro Snchez's government, saying: NATO is going to have to deal with Spain. Spains been a very low payer." He also criticized Canada as a low payer. Spain was the lowest spender in the alliance last year, directing less than 2% of its GDP on defense expenditure, while Canada was spending 1.45%, according to NATO figures. Then Trump ordered the bombing of nuclear installations inIran. In 2003, the U.S.-led war on Iraq deeply divided NATO, as France and Germany led opposition to the attack, while Britain and Spain joined the coalition. European allies and Canada also wantUkraineto be at the top of the summit agenda, but they are wary that Trump might not want President Volodymyr Zelenskyy to steal the limelight. A short summit, decades of mutual security The two-day summit in The Hague involves an informal dinner Tuesday and one working session Wednesday morning. A very short summit statement has been drafted to ensure the meeting is not derailed by fights over details and wording. Indeed, much about this NATO summit is brief, even though ripples could be felt for years. Founded in 1949, the North Atlantic Treaty Organization was formed by 12 nations to counter the threat to security inEuropeposed by the Soviet Union during the Cold War, notably via a strong U.S. presence on the continent. Dealing with Moscow is in its DNA. Keeping the peace outside the Euro-Atlantic area is not. NATOs ranks have grown to 32 countries since the Washington Treaty was signed 75 years ago. Sweden joined last year, worried by an increasingly aggressive Russia. NATOs collective security guarantee Article 5 of the treaty underpins its credibility. Its a political commitment by all countries to come to the aid of any member whose sovereignty or territory might be under attack. Trump has suggested he is committed to that pledge, but he has also sowed doubt about his intentions. He has said the U.S. intends to remain a member of the alliance. A civilian runs NATO, but the U.S. and its military hold power The United States is NATOs most powerful member. It spends much more on defense than any other ally and far outweighs its partners in terms of military muscle. Washington has traditionally driven the agenda but has stepped back under Trump. The U.S. nuclear arsenal provides strategic deterrence against would-be adversaries. NATOs day-to-day work is led by Rutte, a former Dutch prime minister . As its top civilian official, he chairs almost weekly meetings of ambassadors in the North Atlantic Council at its Brussels headquarters. He chairs other NACs at ministerial and leader levels. Rutte runs NATO headquarters, trying to foster consensus and to speak on behalf of all members. NATOs military headquarters is based nearby in Mons, Belgium. It is always run by a top U.S. officer. Ukraine's role at the summit is unclear With Trump demanding greater defense spending, its unclear what role Ukraine will play at the summit. Zelenskyy has been invited, but it's unclear whether he will have a seat at NATOs table, although he may take part in Tuesday's dinner. Russia's war in Ukraine usually dominates such meetings. More broadly, NATO itself is not arming Ukraine. As an organization, it possesses no weapons of any kind. Collectively, it provides only non-lethal support fuel, combat rations, medical supplies, body armor, and equipment to counter drones or mines. But individually, members do send arms. European allies provided 60% of the military support that Ukraine received in 2024. NATO coordinates those weapons deliveries via a hub on the Polish border and helps organize training for Ukrainian troops. NATO's troop plans A key part of the commitment for allies to defend one another is to deter Russia, or any other adversary, from attacking in the first place. Finland and Sweden joined NATO recently because of this concern. Under NATOs new military plans, 300,000 military personnel would be deployed within 30 days to counter any attack, whether it be on land, at sea, by air or in cyberspace. But experts doubt whether the allies could muster the troop numbers. Its not just about troop and equipment numbers. An adversary would be less likely to challenge NATO if it thought the allies would use the forces it controls. Trumps threats against U.S. allies including imposing tariffs on them has weakened that deterrence. The U.S. is carrying the biggest military burden Due to high U.S. defense spending over many years, the American armed forces have more personnel and superior weapons but also significant transportation and logistics assets. Other allies are starting to spend more, though. After years of cuts, NATO members committed to ramp up their national defense budgets in 2014 when Russia illegally annexed Ukraines Crimean Peninsula. After Russia's full-scale invasion of Ukraine in 2022, the NATO allies agreed to make 2% of GDP the minimum spending level. Last year, 22 countries were expected to hit that target, up from only three a decade ago. In The Hague, the allies were expected to up the ante to 3.5%, plus a further 1.5% for things like improving roads, bridges, ports and airfields or preparing societies to deal with future conflicts. Whether they will now remains an open question.
The Market Online
10 hours ago
- The Market Online
Tilray sets medical cannabis milestone in Italy
Tilray Medical, a division of Tilray Brands (TSX:TLRY), has become the first company to receive Italian authorization to distribute medical cannabis flower for therapeutic use Tilray is a global consumer packaged goods company active in cannabis, beverage, wellness and entertainment Tilray stock has given back 78.17 per cent year-over-year and 97.46 per cent since 2021 Tilray Medical, a division of major cannabis player Tilray Brands (TSX:TLRY), has become the first company to receive authorization from Italy's Ministero della Salute to distribute medical cannabis flower for therapeutic use. Tilray Medical, operating through wholly-owned subsidiary, FL Group, will introduce three new medical cannabis flower varieties to Italy beginning in June, which will be available for distribution through pharmacies across the country. They are: Tilray THC 25%. Tilray THC 18%. Tilray THC 9% / CBD 9%. The approval complements Tilray's existing presence in Italy, initially announced in May 2023, as well as its leading position in the European market, including operations in Germany, Portugal, Poland and the United Kingdom. Leadership insights 'This milestone underscores the vital role of medical cannabis as a therapeutic medicine for patients in need, supporting their health and well-being. We are proud to expand our medical cannabis portfolio in Italy with the introduction of our Tilray Medical high-quality, EU-GMP certified medical cannabis products that uphold the highest standards in patient care,' Denise Faltischek, Tilray Brands' chief strategy officer and head of international, said in a statement. 'We extend our gratitude to the Ministero della Salute for their trust in Tilray Medical and for providing the necessary regulatory framework to ensure access to safe, consistent and reliable cannabinoid-based therapies. Together, we are advancing healthcare and patient wellness through innovation and collaboration.' About Tilray Brands Tilray is a global consumer packaged goods company active in cannabis, beverage, wellness and entertainment. The company's platform includes more than 40 brands spanning presences in more than 20 countries. Tilray stock (TSX:TLRY) last traded at C$0.50. The stock has given back 78.17 per cent year-over-year and 97.46 per cent since 2021. Join the discussion: Find out what investors are saying about this cannabis stock's expansion in Italy on the Tilray Brands Inc. Bullboard, and make sure to check out the rest of Stockhouse's stock forums and message boards. The material provided in this podcast is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
