Mergers & Acquisitions (M&A) Activity
OptimizeRx Acquires EvinceMed, a Specialty Drug Prescription Initiation Platform
OptimizeRx, a provider of point-of-care technology solutions helping patients start and stay on therapy announced a definitive agreement to acquire the EvinceMed platform and related assets. EvinceMed is a provider in delivering end-to-end automation for specialty pharmaceutical transactions. The acquisition includes the full Market Access Management Platform
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Remote Patient Care
BioIntelliSense Launches New BioButton® Rechargeable Wearable Device for Continuous Medical Grade Monitoring
What You Should Know:
- BioIntelliSense, a continuous health monitoring and clinical intelligence company, expands its commitment to creating a new standard of remote patient care with the commercial launch of its medical grade BioButton® Rechargeable wearable device.
- The new BioButton Rechargeable device allows for continuous multi-parameter monitoring of a broad range of 20+ vital signs and physiologic biometrics for up to 30 days on a single charge, based on configuration. The
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Connect America Acquires Remote Patient Monitoring Platform 100Plus
What You Should Know:
- Connect America LLC, a provider of digital health and connected care for seniors and vulnerable populations, today announced it has signed a definitive agreement to acquire 100Plus, the remote patient monitoring (RPM) platform that uses artificial intelligence (AI).
- Connect America, a portfolio company of Detroit-based Rockbridge Growth Equity, is adding complimentary digital health products and technologies to enable both passive monitoring of patients in
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Top 5 Business Opportunities for Digital Health Companies in 2021. Where Is The Money?
For many companies, 2020 has been a devastating year due to the consequences of the COVID-19 pandemic. While the same can be said for the digital health sector, the pandemic has also paved a way for unexpected and extraordinary business opportunities in 2021. Good ideas with a business loan from online lenders such as Biz2Credit are the ingredients for a successful business venture in this pandemic. In 2020, Digital health start-ups and more established companies have suffered, as have other
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Philips Acquires Medical Device Integration Platform Capsule for $635M
What You Should Know:
- Philips announces the acquisition of Capsule, a leading vendor-neutral Medical Device Integration Platform with a software-as-a-service business model
- The Capsule acquisition is a strong fit with Philips’
strategy to transform the delivery of healthcare along the health continuum
with integrated solutions.
Philips, today announced that it has signed an agreement to acquire Capsule Technologies, Inc., an Andover, MA-based provider of medical device
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M&A: Philips Acquires Remote Cardiac Monitoring BioTelemetry for $2.8B
What You Should Know:
- Philips acquires BioTelemetry, a U.S. provider of
remote cardiac diagnostics and monitoring for $72.00 per share for an implied
enterprise value of $2.8 billion (approx. EUR 2.3 billion).
- With $439M in revenue in 2019, BioTelemetry annually monitors over 1 million cardiac patients remotely; its portfolio includes wearable heart monitors, AI-based data analytics, and services.
- BioTelemetry business is expected to deliver double-digit growth and improve its
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3M and Eko Launches 3M Littmann® CORE Digital Stethoscope for Clinicians
What You Should Know:
- 3M and Eko team up to launch 3M Littmann® CORE Digital
Stethoscope to deliver a game-changing tool for clinicians as they assess,
diagnose, and monitor their patients.
- The new 3M Littmann CORE Digital Stethoscope offers
clinicians access to both analog and digital auscultation options and connects
to Eko’s software and AI algorithms* to help clinicians better interpret sounds
and detect heart murmurs.
3M™ Littmann® Stethoscopes and Eko, today announced the
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XRHealth Appoints Deepa Javeri as Chief Financial Officer
XRHealth appoints Deepa Javeri as CFO and is significantly expanding their US headquarters.
XRHealth, a
Boston, MA-based provider of extended reality therapeutic applications and XR telehealth
services, today announced Deepa Javeri – a seasoned, global
financial expert and executive – has been named Chief Financial Officer
effective immediately. Javeri’s appointment comes at an exciting moment of
global growth and expansion for XRHealth.
“Deepa brings XRHealth a
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Zimmer & Apple Watch Transform Joint Replacement Virtual Care w/ App New Features
What You Should Know:
- Zimmer Biomet announced new features of mymobility with
Apple Watch® - bringing remote patient care to life for patients who receive
hip and knee joint replacement at the Worldwide Developers Conference (WWDC).
- Available later this year, mymobility with Apple Watch
will now use gait metrics (the stride of a person as s/he moves limbs) to
passively collect walking speed and double support time when walking on flat
level surfaces without GPS. These measurements
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90% of Consumers Believe Remote Health Monitoring Device Helps Better Manage Chronic Conditions
What You Should Know:
- Nearly 90 percent of those consumers believe they could
better manage chronic conditions with a specialized remote health monitoring
device, according to Sony’s mSafety Wearable Platform Division.
- The mSafety study found that managing chronic
conditions remains “stressful” and “difficult” despite advances in technology —
particularly remote health monitoring devices and platforms.
- The mSafety study also found more than half of those
surveyed would consider
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