Royal Philips (NYSE:PHG) said last Friday it acquired cloud-based population health management company VitalHealth for an undisclosed amount.
The new acquisition, also headquartered in the Netherlands, produces products and services used by more than 100 healthcare networks globally in countries including the US, India, China, Sweden, Germany, Belgium and the Netherlands.
“We are delighted and proud to become part of Philips. It will accelerate our mission to enable better health for millions of people around the world. Our digital health solutions are highly complementary to the ones that Philips provides. Together, we have the potential to become the undisputed global leader in population health management. This is a very positive development for VitalHealth’s customers and employees,” VitalHealth CEO Laurens van der Tang said in a press release.
VitalHealth was founded in 2006 by the Mayo Clinic and the Dutch Noaber Foundation and employees approximately 200 individuals.
The acquisition will add VitalHealth’s portfolio of telehealth applications and its care coordination platform for care providers which is designed to integrate patient information across care settings and aggregate data from disparate information systems, Philips said.
“This strategic acquisition complements our current offering in population health management, and supports our commitment to deliver integrated solutions for care providers and patients to improve people’s health. As a pioneer in comprehensive population health management solutions, we are committed to help drive business transformation for providers, health systems, employers, and payers transitioning to value-based care. VitalHealth will help us deliver on that commitment by strengthening our offering for care coordination, outcome management and patient engagement,” Philips connected care & health informatics chief business leader Carla Kriwet said in a prepared statement.
Last week, Philips said it acquired open-standards-based interoperability software solutions developer Forcare for an undisclosed amount.