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...
July 2, 2014
The mobile health market will grow eightfold over the course of the next decade, from $5.1 billion in 2013 to $41.8 billion in 2023, according to a recent report from Lux Research. The firm defines mobile health technology as leveraging "common consumer electronics and mobile communication technologies to collect and analyze personal health data". The decade of impressive growth will be driven by...
June 30, 2014
In the first half of 2014, digital health funding reached $2.3 billion, according to a report from accelerator Rock Health. The report included data from 143 digital health companies that have raised over $2 million during the past six months.
Funding in the first two quarters of 2014 surpassed total funding for all of 2013, which was $1.97 billion. Deal growth was driven by early-stage companies...
June 5, 2014
As we head into the halfway point of 2014, it's already clear that the trend of mobile and digital health acquisitions is up. Just five months into the year, MobiHealthNews has tracked 16 mergers, acquisitions, asset buys and majority stake acquisitions -- just one less transaction than we tracked during the whole of 2013.
While many of the buys were medical software acquisitions of various kinds...
May 5, 2014
Medical device giant Covidien has acquired sports and medical wearables company Zephyr Technology, MobiHealthNews has learned. The company has raised more than $13 million since its founding in 2003 -- back when health-sensing wearables were a relative rarity. Zephyr's investors included 3M New Ventures, Alsop Louie Partners and Motorola Solutions Venture Capital.
Neither Covidien nor Zephyr has...
November 21, 2013
Covidien, a 19-year-old medical device company, announced the launch of a new web-based remote monitoring system for its patient monitoring system. Known as Vital Sync, the software offering will allow doctors to monitor bedside monitors like respirators from their PCs or mobile devices. Vital Sync will send data such as trend data, waveforms, audible alerts, color coded alarms, and settings...