The company claims a valuation of $2.3 billion and doubling its customer base in 2020 to 2 million members, with marquee clients such as Genentech, Morgan Stanley, and Zoom.
#BARDY DIAGNOSTICS LOGO SERIES#
This adds to a torrid 2020 $185 million Series C and D bringing their total funding to $475 million. Lyra Health, a mental health therapy benefit company for employers, closed an additional $187 million in a Series E round led by Addition Capital. The acquisitions also extend these companies into multiple lines of business. Significance? Nearly all are major rounds only dreamed of a year ago for these relatively small companies boosting valuations into the stratosphere. Our cowgirl has been keeping busy rounding up more news on funding and acquisitions. The lack of mention of Hillrom, the ‘legacy’ references, and no mention of Hillrom management transitions in the release, is a sure sign that the brand will be sunsetted very quickly, along with its management team. From Baxter’s release, the “legacy” Hillrom and Welch Allyn brands will be introduced into international markets and integrated into Baxter’s technologies. The purchase price closed at $10.5 billion and including Hillrom’s outstanding debt obligations, the acquisition in total was $12.5 billion. In 2015, Hillrom bought Welch Allyn which boosted it into digital health from primarily hospital furniture. Hillrom had acquired Bardy Diagnostics and EarlySense about a year ago, and in 2019 Voalte Communications, directly competitive with Vocera. Hillrom, another device company mainly in cardiac and hospital monitoring which last year had broadened its remote patient monitoring and connected care portfolio, was in turn acquired by medtech giant Baxter International last month. No management transitions were disclosed.
Vocera is considered to be an innovator in communications systems that connect clinical and operational systems, and is presently in 2,300 medical facilities internationally. Vocera is expected to expand Stryker’s Advanced Digital Healthcare and connect devices and digital communications both for clinical caregivers and with families.
The deal is for $79.25 per share and is expected to close in this quarter. Massive medical/surgical/orthopedic device company Strykeris acquiring clinical communications/coordination workflow systems Vocera Communications for a snappy $2.97 billion. Medical device companies that have grown into or acquired tech and analytics are now buying into communications systems to connect it all.
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