VentureBeat

TODAY’S HEADLINES:

• HealthExtras buys venture-backed PBM HospiScript for $100M (release)
• Urological device-maker NeoTract adds $7.4M (VentureWire)
• RNAi-drug startup Intradigm seeks $35M (VentureWire)
• Israel’s Arbel Medical raises $3.5M for tumor cryotherapy (release)

HealthExtras buys venture-backed PBM HospiScript for $100M — HospiScript Services, a Montgomery, Ala., prescription-benefits manager, agreed to be acquired by HealthExtras of Rockville, Md. HealthExtras will pay $100 million in cash for the venture-backed firm, which services the hospice industry.

HospiScript had raised at least $4 million in funding, according to VentureWire. That amount represents a 2005 round that involved Advantage Capital Alabama and Waveland NCP Alabama Ventures. The company declined to say more about its funding history.

Both companies manage the use of prescription drugs — HealthExtras for corporate, government and nonprofit health plans, HospiScript for hospices — in ways that are intended to reduce costs. HealthExtras said the acquisition will help it expand in the fast-growing hospice space.

Urological device-maker NeoTract adds $7.4M – Pleasanton, Calif.,-based NeoTract (no Web site), a devicemaker focused on urological problems, added $7.4 million to its first round of financing, VentureWire reports. The new funding brings that round to a total of $21.4 million.

New Enterprise Associates provided the cash.

NeoTract is working on a device to treat benign prostate hyperplasia, which is a non-cancerous growth of the prostate. The company doesn’t describe its device, although it says the product should enter clinical trials next year.

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Tags: co:Arbel Medical, co:HealthExtras, co:HospiScript, co:Intradigm, co:NeoTract, deal, inv:New-Enterprise-Associates, Mergers and Acquisitions, PBM, prostate hyperplasia