Sword plans M&A plus fundraise this year, but no IPO

Digital health player Sword, which is acquiring Kaia Health for $285 million, is angling for "at least" two more acquisitions this year, CEO Virgílio Bento tells Axios Pro Deals.

Inside the room: The company is having initial conversations with investors ahead of a planned Series F round of about $500 million, Bento says.

• It hopes to close the round later this quarter.