A Tale of Two Telehealth Acquisitions

Telemedicine companies are actively looking for ways to open the sector up to broader adoption. Partnerships and acquisitions seem to be the fastest means to that end, as two recent telemedicine deals would suggest. InTouch Health, a Santa Barbara, CA-based telemedicine firm, said it will acquire REACH Health, an Alpharetta, GA-based telemedicine software company.  Shortly after the deal was announced, Boston, MA-based American Well, reported its agreement to acquire Avizia, a prominent player in the acute care telehealth space. Financial terms were not disclosed for either deal. "The telehealth industry is fragmented and health systems demand a single telehealth platform that can overcome interoperability challenges, ensure data management continuity, and scale from a single physician office to a multi-hospital enterprise," said Joseph DeVivo, CEO of InTouch Health. "With InTouch Health, healthcare providers have access to the complete telehealth package for any use case in any care location. REACH Health fits nicely with InTouch Health's recent open-platform, device-agnostic strategy." The merging of these two companies will allow REACH customers to expand their telehealth services leveraging a fully integrated virtual care platform, InTouch noted. REACH was born in an Augusta, GA hospital in 2003 out of necessity due to the scarcity of stroke specialists in rural hospitals. The stroke neurologists at the Medical College of Georgia (MCG) at Augusta University were frustrat...
Source: MDDI - Category: Medical Devices Authors: Tags: Digital Health Business Source Type: news