mergers and acquisitions

By Jonah Comstock June 9, 2016
Jawbone quietly acquired a company last year that could shed some light on the company's rumored clinical wearable, MobiHealthNews has learned. Spectros, a startup founded by current Jawbone Chief Medical Officer David Benaron, was acquired by Jawbone in 2015. The company confirmed the news to MobiHealthNews in an email. Benaron is a serial entrepreneur whose previous company, Insite, was...
By Jonah Comstock May 23, 2016
Los Angeles-based Canary Health, a startup that uses digital health tools to help populations prevent and manage chronic diseases, has acquired stress management app company bLife for an undisclosed amount.  Canary Health sells its disease-management programs to hospitals and health systems, whereas bLife was a direct-to-consumer app company that created direct-to-consumer stress management apps...
By Jonah Comstock April 26, 2016
Nokia Technologies will acquire French connected health device maker Withings for $191 million (170 million euros). Withings, which makes smartphone-connected weight scales, blood pressure cuffs, activity trackers, and, recently, thermometers, has raised $34 million to date, with the latest being a $30 million round in 2013. As we wrote last month, Nokia has been searching for a new focus area...
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...

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