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The final quarter of 2015 brought eight more digital health acquisitions, plus some larger scale acquisitions that could have reverberations throughout the world of digital health. The list below includes exits for a number of longtime and well-known players like Misfit, Lively, and Zamzee, though some of those acquisitions were under better circumstances than others.
A few buyers stand out with multiple acquisitions throughout the year.
Indian practice management company Practo topped the list with four acquisitions: Insta Health, Qikwell, Fitho, and Genii.
Welltok picked up Zamzee, Silverlink, and Predilytics.
Under Armour bought MyFitnessPal, Endomondo, and Gritness. And finally,
IBM bought Explorys, Phytel, and Merge. And, still worth mentioning with just two 2015 acqusitions, Weight Watchers picked up Weilo and Hot5, both presumably to build out its mobile offering.
Fossil Group will buy wearables company Misfit for $260 million, the companies announced in November.
In October, San Diego, California-based PatientSafe Solutions bought the assets of Merck subsidiary Vree Health for an undisclosed amount. The acquisition will help the care coordination and provider workflow company expand its offerings to the home care market in addition to the hospital.
Demand and technological capabilities are driving change, Cathy Riesenwitz, a researcher with software firm Capterra, told Healthcare IT News.
With the market for electronic health records predicted to be worth about $35.2 billion by 2019, the steady rise of data has increased the need to strengthen the software to make data more accessible, reduce errors and increase the ease of use.
1. EHRs are moving toward the cloud.
2. EHRs will improve the patient portal experience.
3. Telemedicine will finally find its stride.
4. EHRs are going mobile.
With mHealth on tap at CES 2016, healthcare just might pay attention
Consumers, doctors turn to telehealth to battle sleep disorders
Can a doctor who sees his patient on a screen only, appropriately prescribe medications? Are doctor’s prescribing habits the same in a virtual consultation, as it is in their office? According to researchers from RAND, they are similar, to a certain extent. While companies involved in TeleHealth tend to suggest, in their studies, that antibiotics are […]