GetWellNetwork Acquires HealthLoop

getwellGetWellNetwork, a Bethesda, MD, United States-based precision engagement health care company, acquired HealthLoop, a Mountain View, California-based digital health company.

The amount of the deal was not disclosed.

The acquisition expands GetWellNetwork’s reach into nearly 700 health care providers. It is combining its experience implementing patient engagement solutions with HealthLoop’s expertise in mobile technologies and digital care management. The move is designed to catalyze growth in the ambulatory space and signals plans for more long-term strategic investments in cross-continuum tools to connect patients, families and providers.

Led by CEO Todd Johnson, HealthLoop provides a cloud-native platform that tracks patient progress, monitors clinical areas of concern and automates follow-up care, helping providers, hospitals and health systems improve patient interactions and satisfaction. Over 70 health care organizations of all sizes and settings, including Advocate Aurora Health, UCSF Health and LifeBridge Health, use the platform to drive engagement and patient loyalty.

As part of the acquisition, the team will join GetWellNetwork with Johnson continuing his leadership position. Johnson, who will report to Michael O’Neil, founder and CEO, GetWellNetwork, will play a key role in ongoing product and sales strategy. The company will maintain HealthLoop’s office in Silicon Valley, where it will serve as the company’s hub for continued investment, growth and product innovation in the consumer digital health space.

Over the next several months, the companies will jointly develop an integrated solution, GetWell Loop, which will combine HealthLoop care pathways, remote patient monitoring, virtual check-in, and image and video evaluation capabilities with GetWell Go’s prescribable workflows and step-by-step curriculum.

FinSMEs

09/11/2018

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