Grand Rounds, Physician-Patient Matching Service Raises $55M
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Grand Rounds is a digital health startup based out of San Francisco that pairs patients with physicians. It garnered $55 million in the late-stage funding round led by an anonymous mutual fund investor, Greylock Partners, and Venrock. The additional $55 million brings Grand Rounds funding to a total of $106 million. It plans to use the new money to expand its technology platform, analytics platform and care team.
Read MoreWall Street has Biggest Day in 4 Years Led by Silicon Valley Stalwarts
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Wall Street had its biggest one day gain in 4 years led by Silicon Valley stalwarts Google, Apple, and Amazon. This ended a six day losing streak. Experts see the gain as a sign that bargain hunters put China's slumping economy to side and believe the U.S. Federal Reserve will not raise interest rates next month.
Read MorePositive Outlook for REITs in Healthcare
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Physicians Realty Trust and Health Care REIT were both given positive analysis by Canaccord Genuity. With an upside averaging over 20% on a total return basis, the REITs in the healthcare sector seem to be faring well despite current market turbulence. Paul Morgan, an analyst at Canaccord Genuity, maintained his $18 price target for Physicians Realty Trust. Adding in the current 5.8% dividend yield, the implied 12-month total return potential is 21%. That is now over 25% considering that Monday’s closing bell price was down 7% at $14.49.
Read MoreChina Injects Stimulus, U.S. Stocks Rebound Heavily, Then Fall Again
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"Black Monday" turned into "Turnaround Tuesday" as the market corrected itself amid the steepest two-day drop since the financial crisis according to Bloomberg News. Global stocks rallied, as Beijing cut interest rates following another sharp drop in Chinese markets.
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