The merger has been approved by both company’s boards of directors and is slated to close within the next 60 days, according to the companies, though terms and conditions of the merger were not released.
“Nuvon and CPC have a shared vision of leveraging comprehensive, high-fidelity, real time data to provide clinical insight across the all levels of patient acuity and the continuum of care. Both companies have been working on the very difficult tasks of capturing and adding value to disparate real time data for more than a decade, and agree that a merger which brings together our employees, interoperable solutions and nationally recognized clients represents the best way to move forward. With the support of our lead investors, the combined company is uniquely positioned to lead health care markets in leveraging real time clinical data to aid patient care,” CEO Janet Dillione said in a press release.
The combined entity will offer products that combine technologies from both companies, including Nuvon’s medical device integration solutions and CPC’s Bernoulli platform with support for alarm management, continuous patient monitoring and surveillance, and virtual ICU applications, the companies said.
“Our mission has been to transform medicine by delivering critical patient care data at the point of care, anywhere and in any format. We are absolutely confident that by joining together with CPC we will be able to further advance that mission and bring additional value across the entire patient care spectrum to both our current and future clients,” CEO Christopher Gatti said in a prepared statement.