mergers and acquisitions

By Jonah Comstock March 15, 2016
Mad*Pow, a design agency with a specialization in healthcare design, has announced an agreement to acquire gamified exercise app HotSeat from context, the communications consulting firm owned by app creator Fran Melmed. The acquisition price was undisclosed.  “Mad*Pow sees the acquisition of HotSeat as an opportunity to bring an elegant solution to a complex problem,” Amy Cueva, founder and Chief...
By Jonah Comstock November 13, 2015
Fossil Group will buy wearables company Misfit for $260 million, the companies announced last night. Fossil will keep the Misfit brand and product line intact and work with them to develop and release additional products in Misfit's pipeline. Misfit founder and CEO Sonny Vu will serve as president and chief technology officer of connected devices at Fossil, an executive-level position. The...
By Jonah Comstock October 28, 2015
Higi is one digital health company that has a relationship with Rite Aid. Walgreens Boots Alliance will acquire Rite Aid for $9 a share, or a total of $9.4 billion, the companies announced yesterday. The merger represents a major consolidation in the drug store sector in the United States -- according to the Wall Street Journal, the combined marketshare of Walgreens and Rite Aid will be 46.5...
By Jonah Comstock July 7, 2015
The year so far has seen 136 digital health investment deals over $2 million, for a total of $2.1 billion in funding according to Rock Health's mid-year report. Rock Health tracks a narrower range of digital health companies than others and only tracks deals over $2 million. That number puts the first half of 2015 just $70 million shy of 2014's first half and more or less on track to match 2014'...
By Jonah Comstock July 2, 2015
Seattle, Washington-based Numera, a longtime mobile health company that offers mobile personal emergency response devices as well as other telehealth tools, has had its mPERS and telehealth assets acquired by Carlsbad, California-based Nortek Security and Control. According to a Nortek FAQ, Nortek funded the transaction, valued at $12 million "plus contingent consideration based on future sales...
By Jonah Comstock July 1, 2015
Austin, Texas-based Gritness, a recent member of the StartUp Health accelerator, has been quietly acquired, StartUp Health revealed in its mid-year report. MobiHealthNews has learned that Under Armour acquired Gritness, but the acquisition price has not been disclosed. While Under Armour acquired MapMyFitness, MyFitnessPal, and Endomondo for their large user base and well-known brands, Gritness...
By Jonah Comstock June 3, 2015
Medtronic's Guardian Mobile CGM app, yet to be released in the US. Despite speculations to the contrary from analysts last year, it looks like Medtronic will continue to acquire early-stage health companies even after its Covidien acquisition. On a fourth quarter earnings call, Medtronic CEO Omar Ishrak told analysts that the company would use new cash from the Covidien deal to invest in early...
By Jonah Comstock May 19, 2015
Denver-based Welltok, the health management company that makes the CafeWell Health Optimization Platform, has acquired Predilytics, a Burlington, Massachusetts-based predictive analytics company, for an undisclosed amount. Welltok will incorporate Predilytics' engine into CafeWell, to help health plans, at-risk providers and other population health managers better understand and anticipate the...
By Jonah Comstock May 18, 2015
The big health payer news last week was that Aetna was mulling the acquisition of one or more of its competitors: particularly Humana or Cigna. A recent Forbes analysis suggested that such a move would be a result of changes to payment models in healthcare. But Humana, Cigna, and Aetna have all been important players in the digital health. So what might a merged Aetna-Cigna or Aetna-Humana...
By Jonah Comstock April 22, 2015
Austin, Texas-based Motion Computing, a longtime player in the semi-rugged tablet space that served the healthcare industry among others, has been acquired by rugged tablet PC maker Xplore, also based in Austin. Earlier this month Xplore bought Motion's assets for $9 million cash, plus the assumption of $7 million in net liabilities, after Square 1 Bank foreclosed on most of Motion's assets. “The...