Headquartered in Atlanta, Georgia, Wellcentive employs about 115 employees with a strong customer base in the US.
Philips will integrate Wellcentive’s applications in its HealthSuite cloud platform, which collects, compiles and analyzes clinical and other data from a range of devices and sources.
As part of the deal, Wellcentive employees will join the population health management business group within Philips.
The business group will be led by Wellcentive CEO Tom Zajac.
Under population health management segment, Philips already provides enterprise telehealth, home monitoring, personal emergency response systems (PERS) and personal health services for its customers.
Philips connected care and health informatics CEO Jeroen Tas said: “With this strategic acquisition, we will strengthen our Population Health Management business and its leadership, as health systems gradually shift from volume to value-based care, and provide more preventative and chronic care services outside of the hospital.
“Our sweet spot is at the point of care as we give consumers, patients, care teams and clinicians the tools, such as remote monitoring solutions and therapy devices, to optimize care.”
Wellcentive provides care management for over 30 million patients, offering delivering data-driven clinical, financial, and human outcomes.
Zajac added: “Combining forces with Philips and its broad portfolio of health technologies and global reach will create a great foundation to accelerate growth in connected care – from healthy living and prevention, to diagnosis, treatment and home care – enabling consumers, providers and health organizations to benefit from our combined, stronger offering in population health management.”
Image: Royal Philips has agreed to acquire US firm Wellcentive. Photo: courtesy of Koninklijke Philips N.V.
