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The deal rates Clover at an enterprise value of about $3.7 billion and is expected to close in early 2021.
Like others in the space, the 43-year-old owner of the NordicTrack, Freemotion, ProForm and iFit brands has seen revenues rise amidst social distancing.
The £40 million system is intended to enable researchers to tackle the most pressing medical challenges.
Investment proceeds will primarily fund FDA registration studies and opening of US headquarters.
Founded in 2015, Malaysia-based corporate healthcare benefits and wellness management platform HealthMetrics last week announced it has raised a total of $5 million (approximately RM 20 million) as part of its Series A funding.
The tech can connect to a smartphone app and give alerts and notifications.
Rock Health reports $4 billion in funding for U.S. digital health startups this quarter, much of which was driven by a flurry of telehealth investments and late-stage rounds for R&D and fitness tech companies.
Researchers from Kantar Health suggest that as telehealth services continue to be used, inequalities in access and usage should be monitored to find ways to close healthcare gaps.
The funding was invested by fellow health company Reckitt Benckiser.
With more than $4.6B in fundings, Q3 2020 was an unprecedented showing from digital health investors
MobiHealthNews covered a record-breaking 109 funding deals during the past three months – a clear step up from Q3 2019 and the swelling numbers of H1 2020.