Update: QualComm buys Capsule, looks to ‘internet of medical things’

Updated with comments from Qualcomm and Capsule Tech Qualcomm (NASDAQ: QCOM) said yesterday its subsidiary Qualcomm Life has purchased medical data management company Capsule Tech for an undisclosed amount. The San Diego, Calif.-based company said the acquisition will allow Qualcomm Life to expand from into hospitals, taking over Capsule’s 1,930 hospital clients in 38 countries. “For Qualcomm Life, finding capsule as an established, well executed technology that’s already operating in 2,000 hospitals was really an exciting acquisition opportunity and fits so perfectly with the overall strategy of the internet of medical things,” Qualcomm Life chief medical officer Dr. James Mault told MassDevice.com in an interview. The company put together an M&A strategy around creating an ‘internet of medical things’, Mault said. “We really see healthcare as a continuum of information and most importantly of a patient who can be found in a lot of different settings, from hospital to sub-acute facilities to a doctors office to the home,” Mault said. “And really, at the end of the day, what’s important is that information about a patient collected by devices can be captured in any of those settings.” “Qualcomm is focused on strengthening its position in specific internet of everything verticals, like healthcare. The acquisition of Capsule expands the breadth of our healthcare platform, enabling us to provide connectivity solutions...
Source: Mass Device - Category: Medical Equipment Authors: Tags: Business/Financial News Hospital Care Mergers & Acquisitions Patient Monitoring Software / IT Capsule Tech Inc. Qualcomm Source Type: news