Once the acquisition is complete, Wellcentive and its employees will become part of Philips’ Population Health Management business group. Under that sector, Philips currently offers enterprise telehealth, home monitoring, personal emergency response systems, and personal health services that address multiple groups in the population from prevention to ambulatory care to high-risk patients.
With the Wellcentive transaction, Philips plans to expand those services by integrating Wellcentive’s applications into its HealthSuite cloud, which digitally enables connected health solutions. The company said the acquisition of Wellcentive will strengthen Philips’ population health offerings as health systems shift from volume to value-based care, as well as provide more post-discharge and preventive health services to patients.
“Our sweet spot is at the point of care as we give consumers, patients, care teams and clinicians the tools, such as remote monitoring solutions and therapy devices, to optimize care,” said Jeroen Tas, Philips’ CEO Connected Care & Health Informatics in a statement. “Wellcentive’s solutions will provide our customers with the ability to collect data from large populations, detect patterns, assess risks and then deploy care programs tailored to the needs of specific groups.”
For Wellcentive, a company with about 115 employees, the acquisition allows them to expand beyond their customer base in the US, which currently serves more than 30 million patients.
“Combining forces with Philips and its broad portfolio of health technologies and global reach will create a great foundation to accelerate growth in connected care – from healthy living and prevention, to diagnosis, treatment and home care – enabling consumers, providers and health organizations to benefit from our combined, stronger offering in population health management,” Tom Zajac, CEO of Wellcentive said in a statement.