Blue Cross Blue Shield of Kansas

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Follow the Money: Medical Device Firm Orthofix Merges to Form Nearly $700M Revenue Business, Stealthy Men’s Health Startup Looks to Raise $2M, Dallas SPAC Targets $200M IPO, and More

by | Oct 17, 2022
In this week’s North Texas deal flow, you’ll also find news about Mavenir’s $155M raise, Pinnacle Realty Advisors raising $5M for ‘brokerage-as-a-service’ platform, Exela Technologies taking its European business unit public, American Airlines’ hydrogen fuel distribution investment, and more.
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Mark Cuban-Backed Opioid Recovery Startup Sonara Health Raises $3M for Medication Monitoring Platform
by | Oct 5, 2022
Founded in 2020, Dallas-based Sonara Health has a big mission: "We want to end the opioid epidemic and save lives." To help tackle it, Sonara secured a patent last month for a take-home methadone monitoring system. With the new funding and earlier support from backers including Mark Cuban, the startup has raised $5M to date. "In a world where we send billionaires to space in reusable rockets, I thought we ought to be able to create a solution that helps patients with opioid use disorder to get their daily medication in a way that does not disrupt their daily lives," said CEO Michael Giles, M.D.
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