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Procured Health raises $10 million

Procured Health, a Chicago-based provider of data technologies for patient care that aims to reduce wasteful spending by healthcare providers, has raised a $10 million Series B round of funding. The investment was led by Heritage Group, with participation from Health Insight Capital.

This investment will come from Heritage’s second Healthcare Innovation Fund, which announced $220 million in committed capital in May. The Heritage Funds are backed by 15 healthcare organizations, including Adventist Health System, Community Health Systems, Intermountain Healthcare, Sutter Health, and Tenet Health.

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Biden signs TikTok ‘ban’ bill into law, starting the clock for ByteDance to divest it — The Verge

President Joe Biden signed a foreign aid package that includes a bill that would ban TikTok if China-based parent company ByteDance fails to divest the app within a year, writes Lauren Feiner.

IBM to acquire HashiCorp for $6.4B

IBM and HashiCorp have entered into an agreement for IBM to acquire HashiCorp, a provider of infrastructure and security management products, for $6.4 billion.

Oracle is moving its world headquarters to Nashville to be closer to health-care industry — CNBC

Oracle Chairman Larry Ellison said Tuesday that the company is moving its world headquarters to Nashville, Tennessee, to be closer to a major health-care epicenter, writes Ashley Capoot.