M&A
DarioHealth buys into MSK with Upright Technologies acquisition and announces $70M private placement
The $31 million purchase will add new capabilities to DarioHealth's condition management and behavior change platform.
Bardy's CAM patch wearable can remotely monitor patients’ cardiac activity or detect arrhythmia over a seven-day period.
The nine-figure deal is set to close before the midpoint of 2021.
The deal has brought the consumer telehealth and wellness company approximately $280 million in proceeds that it will use to grow and invest in new product categories.
Royal Philips purchased the company for $635 million from a PE firm.
The companies' $2.1 billion deal was announced in late 2019, but delayed by regulatory concerns.
The newest deals bring the year's total to a record-setting 64 digital health acquisitions.
The fitness apparel brand said it will be throwing all its weight behind the MapMyFitness platform in an effort to better focus its digital strategy.
Also: Vocalis Health and Mayo Clinic seek new pulmonary hypertension biomarkers; Sensyne Health and Microsoft's strategic partnership focuses on clinical AI co-development.
Medidata said the deal will help better integrate clinical-grade metrics into its remote trial platform and broadly support the use of wearable sensors for clinical research.