• COVID-19
  • Opinion
  • Health IT
    • Care Coordination
    • EMR/EHR
    • Interoperability
    • Patient Engagement
    • Population Health Management
    • Revenue Cycle Management
    • Social Determinants of Health
  • Digital Health
    • Artificial Intelligence
    • Blockchain
    • Mobile Health
    • Precision Medicine
    • Telehealth
    • Wearables
  • Startups
  • M&A
  • Value-based Care
    • Accountable Care (ACOs)
    • Medicare Advantage

Hill-Rom Acquires Mobile Communication Platform Voalte for $180M

by Jasmine Pennic 03/11/2019 Leave a Comment

Hill-Rom Acquires Mobile Communication Platform Voalte for $180M

Mobile technology company Hill-Rom Holdings, Inc., today announced it has acquired Voalte, a Sarasota, FL-based real-time, mobile healthcare communications for $180 million in cash and up to an additional $15 million in payments related to the achievement of certain commercial milestones. For the Hill-Rom, the acquisition will accelerate its capabilities in clinical communication.

Founded in 2008, Voalte develops smartphone solutions that simplify caregiver communication. Ranked number-one and named 2017 Category Leader in the Best in KLAS: Software & Services report for the Secure Communications Platform segment, Voalte is the only company to offer a comprehensive Mobile Communication Strategy that enables care teams inside and outside the hospital to access and exchange information securely.

Voalte currently serves more than 200 healthcare customers with more than 84,000 devices on its unique mobile platform. With annual revenue approaching $40 million, Voalte’s comprehensive communications platform currently connects 220,000 caregivers across the healthcare enterprise, supporting voice, alarm and text communications.

Hill-Rom’s Acquisition Plans for Voalte

Once the acquisition is closed, Hill-Rom plans to integrate Voalte’s communication platform with Hill-Rom’s care communications business. This combination will further strengthen Hill-Rom’s connected solutions, including smart hospital beds, vital signs monitors, the LINQ™mobile application and its evolving digital offering, to deliver better care to patients and their care teams.

“Our scalable enterprise communication platform is proving to be a critical tool in the digital transformation of healthcare systems, and we look forward to further developing our platform in alignment with Hill-Rom’s vision of advancing connected care,” said Trey Lauderdale, CEO of Voalte. “Bringing our companies together will allow us to offer customers a single, integrated solution – delivering actionable data from smart hospital beds, nurse call and patient monitoring technology right to a caregiver’s mobile device.”

Hill-Rom expects this acquisition to close during its fiscal third quarter of 2019, subject to customary closing conditions.

RELATED:   Komodo Health Acquires Cloud-Based Life Sciences Platform Mavens- M&A

Tagged With: Care Coordination, Healthcare Mergers & Acquisitions, Hill-Rom, Secure Messaging, Voalte

[ultimatesocial networks="facebook,twitter,google,linkedin,mail" url="" custom_class="us-posts-bottom" align="left" count="false"]

Get in-depth healthcare technology analysis and commentary delivered straight to your email weekly

« DrChrono Integrates 3D Anatomical Modeling in Mobile EHR for Physician Practices
NHS England Publishes New Guidelines on Flash Glucose Monitors for Type 1 Diabetes Patients »

Subscribe to HIT Consultant

Latest insightful articles delivered straight to your inbox weekly.

Submit a Tip or Pitch

Recent Articles

  • CVS Health Launches Senior Medical Alert System, Symphony

    CVS Health Launches Senior Medical Alert System, Symphony

    ... more
  • Amalgam Rx Acquires Clinical Decision Support Platform Avhana Health

    Amalgam Rx Acquires Clinical Decision Support Platform Avhana Health – M&A

    ... more
  • 20 COVID-19 Predictions and Trends for 2021 - Executive Roundup

    MEDITECH Launches Quick Vaccination Solution to Streamline COVID-19 Vaccination Process

    ... more
  • Heritage Group

    Healthcare PE Firm Heritage Group Launches $300M Health Tech Fund

    ... more

Most Read

  • 30 Executives Share Top Healthcare Predictions & Trends to Watch in 2021 30 Executives Share Top Healthcare Predictions & Trends to Watch in 2021
  • 20 COVID-19 Predictions and Trends for 2021 - Executive Roundup 20 COVID-19 Predictions and Trends for 2021 – Executive Roundup
  • 16 COVID-19 Predictions and Trends for 2021 Executive Roundup 12-Available-COVID-19-Vaccine-Management-Solutions-to-Know-In-Depth-1 17 Recently Launched COVID-19 Vaccine Management Solutions to Know
  • Heritage Group Healthcare PE Firm Heritage Group Launches $300M Health Tech Fund
  • FDA Approves COVID-19 Oral Fluid Test for Use Nationwide In-Depth: 32 FDA-Approved COVID-19 Testing Kits
  • CVS Health Launches Senior Medical Alert System, Symphony CVS Health Launches Senior Medical Alert System, Symphony
  • Provider Strategies for Mitigating Telehealth Fraud & Abuse in 2021 Provider Strategies for Mitigating Telehealth Fraud & Abuse in 2021
  • 5G in Healthcare: 7 Advantages & Disadvantages for Providers to Know 5G in Healthcare: 7 Advantages & Disadvantages for Providers to Know
  • Healthcare Breach Report 2016 6 Ways Health Informatics Is Transforming Health Care
  • Fundamental Surgery Becomes First VR Surgical Training Simulation to Gain CPD Accreditation 18 Healthcare Augmented Reality and Virtual Reality Companies to Watch

Company

  • About Us
  • Advertise with Us
  • Reprints and Permissions
  • 2020 Editorial Calendar
  • Submit An Op-Ed
  • Contact
  • Subscribe

Editorial Coverage

  • Opinion
  • Health IT
    • Care Coordination
    • EMR/EHR
    • Interoperability
    • Population Health Management
    • Revenue Cycle Management
  • Digital Health
    • Artificial Intelligence
    • Blockchain Tech
    • Precision Medicine
    • Telehealth
    • Wearables
  • Startups
  • Value-Based Care
    • Accountable Care
    • Medicare Advantage

Connect

Subscribe to HIT Consultant Media

Latest insightful articles delivered straight to your inbox weekly

Copyright © 2021. HIT Consultant Media. All Rights Reserved. Privacy Policy |