Medtech
Durham digital health company goes national with an acquisition, lands big investor
Digital health and services company Validic has pulled off a "two fer" deal – acquiring a subsidiary of Cox Communications and also landing the communications…
DURHAM – Digiial health and services company Validic has pulled off a “two fer” deal – acquiring a subsidiary of Cox Communications and also landing the communications conglomerate as an investor.
Validic also says the deal means it can provide a variety of services nationwide.
The company already offers an EHR[electronic health record]-integrated healthcare application from what it calls “the world’s largest health IoT platform.”
The deal – lacking specific financial terms – was announced early Monday.
As part of the deal, Validic will absorbed the assets of Trapollo, which provides what is called “connected health” as well as technical support and device logistics for patients being treated at home.
This combination makes “personalized healthcare a practical reality,” according to Validic.
The two companies have already collaborated on a remote health project on the West Coast for an integrated delivery network service more than 300,000 enrolled patients and devices to support them, Validic noted.
“Now, for the first time, this winning solution is available for healthcare organizations nationwide,” Validic said.
Cox became an investor in privately held Validic as part of the deal.
“We live in a time where consumers expect personalized experiences, and they aren’t receiving them from their healthcare providers — 76% of patients are frustrated leaving their medical appointments and 69% would switch providers for better service. Imagine a system that helps clinicians efficiently deliver personalized care for every patient at scale,” said Validic CEO Drew Schiller in the announcement.
“With the Trapollo assets, Validic, which has long been the leader in scaling remote and personalized healthcare programs, is now also a leading connected health and device logistics company, supporting the full range of personalized care programs – from BYO-tech, low-touch programs to high-risk, high-touch, fully kit-based remote monitoring and everything in between,” Schiller added.
The post Durham digital health company goes national with an acquisition, lands big investor first appeared on WRAL TechWire.
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