Remote and wireless health information organization BioTelemetry recently acquired remote monitoring startup Geneva Healthcare. (Geneva). The transaction sees BioTelemetry paying $45 million in upfront cash for the purchase, with no less than $20 million in addiction performance-based earn-out considerations in the future.
With the acquisition, the two organizations are merging under the BioTelemetry name, with BioTelemetry gaining access to Geneva’s cloud-based platform, which aggregates data from device manufacturer systems. This data empowers clinical professionals to remotely track health care consumers’ cardiac devices, and also provides them with the results of consumers’ routine checks and monitoring.
BioTelemetry’s remote monitoring technology has helped it to build the world’s largest cardiac data network, making care more accurate, comprehensive, and efficient. Geneva Healthcare, Inc. provides remote monitoring consulting for health care consumers using cardiac devices.
This was reported by Fierce Biotech on January 28, 2019.
Contact Information: BioTelemetry, Inc., 1000 Cedar Hollow Road, Suite 102, Malvern, Pennsylvania 19355; (888) 312-2328; Website: www.gobio.com
Contact Information: Geneva Health Solutions, 3 Columbus Circle, 15th Floor, New York, New York 10019; (646) 665-2044; Website: www.genevahealthsolutions.com