Economy May Be Down, but Digital Health Investments Boom

Economy May Be Down, but Digital Health Investments Boom. A man in a business suit pushes on a downward trending arrow so it no points up.As financial news goes, the August announcement by Lyra, a California-based behavioral health benefits provider startup, that it had raised more than $110 million in funding barely caused a ripple. The deal took Lyra’s total funding to $292 million and its valuation to more than $1 billion, the company reported.

The larger story was what Lyra plans to do with its growing financial backing. The company, which provides mental health benefits to more than 1.5 million U.S. employees and dependents, said it will use the funding to invest further in technology-enabled services, to partner with more customers and to expand and diversify its provider network.

The news was also significant in a broader financial context in the digital health sector. It helped push the number of third-quarter health care financing megarounds — funding rounds of $100 million or more — to the highest level in nearly three years. That this

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Rosewood Private Investments adds Costco, Whole Foods wellness snacks supplier to portfolio

Dallas-based Rosewood Private Investments is adding Living Ecology, a producer of nutritional snack bars, to its growing portfolio of health food companies.

Acquired for an undisclosed amount, Nevada-based Living Ecology will become an affiliate of Rosewood’s Innovations in Nutrition + Wellness business.

“We look forward to offering INW’s customers new and expanded product format options, specifically in the functional foods markets, as nutritional bars become an increasingly popular dietary option for consumers,” said Rosewood Private Investments director Marquez Bela.

Rosewood Private Investments is the private equity arm of Caroline Rose Hunt’s estate, which has vast holdings in ranching, real estate, oil and other companies. The daughter of oil tycoon H.L. Hunt died in 2018 at age 95.

Living Ecology’s products can be found at Costco, Whole Foods and Starbucks. The acquisition will add two manufacturing facilities to INW’s footprint — one in Corona, Calif., and another in Henderson, Nev.

Rosewood

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Race for NC state treasurer will turn on health care plan, pension fund investments

This November, North Carolinians will elect an official to oversee the state’s $108 billion pension fund and health care system, which serve nearly a million state employees, their dependents and retirees.

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Republican Treasurer Dale Folwell, 61, is running for re-election. Challenging him is Aaron “Ronnie” Chatterji, 41, a first-time Democratic candidate with a very different background.

Folwell, a certified public accountant, is the first Republican to be elected N.C. treasurer in 140 years. He was a state representative for eight years before running for treasurer. A native of Winston-Salem and alumnus of the University of North Carolina at Greensboro, Folwell touts his familial and political ties to the state.

The son of Indian immigrants, Chatterji would be the first Asian American elected to statewide office in North Carolina if elected. He is a tenured Duke University business and public policy professor. He argues that his lack of political

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San Diego Leaders Announce New Investments To Help Black Community

In an effort to support the Black community in San Diego, local leaders and v...

Photo by Roland Lizarondo

Above: In an effort to support the Black community in San Diego, local leaders and various organizations announced the launch of the Black Community Investment Fund along with the Dr. Wilma Wooten Courage Scholarship at the Elementary Institute of Science, in Chollas View. Sept. 24, 2020.

In an effort to support the Black community in San Diego, local leaders and various organizations announced Thursday the launch of the Black Community Investment Fund along with the Dr. Wilma Wooten Courage Scholarship at the Elementary Institute of Science.

The Black Community Investment Fund is co-founded by the Central San Diego Black Chamber of Commerce and The San Diego Foundation. It invests in community-led efforts that aim to increase racial equity and generational wealth for Black San Diegans.

County Supervisor Nathan Fletcher recognized the need for these investments in the Black community.

“Too many young people, particularly those from

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