Validic Acquires Infometers, Expanding Digital Health Footprint

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Durham, NC-based digital health startup Validic has acquired Infometeres for an undisclosed sum. Validic is a health data aggregator marketing a one-to-many integration engine that extracts data from medical devices, health and wellness apps, and wearable activity trackers and then normalizes and serves that data to health systems, payers, big pharma companies, employee wellness firms, and physician practices to support population health and remote patient monitoring programs.

The acquisition of Infometers, a competing health data aggregator based in Silicon Valley, expands Validic’s customer base by 44 percent, according to a press release issued by the company. The acquisition also adds new technical resources to Validic’s infrastructure, including adding new integration capabilities with more medical and wearable devices. The acquisition makes the new Validic the market leader in the remote patient monitoring space, offering its customers access to data from more devices, and specifically more FDA-regulated monitoring devices, than any competing vendor.

CEO Ryan Beckland explains in an April interview with the Herald Sun, ““It turns out everyone else in the healthcare system – they don’t want to build the network to get the data, they just want the data. (We) offered a solution to just get access to data. That really struck a chord with our customers. The rest is kind of history.”

In March, Validic announced that it had raised $1.25 million in fresh capital from SJF Ventures and several unnamed angel investors. Famed angel investor Mark Cuban of ABC’s reality television show “Shark Tank” is also counted as among Validic’s investors, with a $760,000 investment in November 2013. In total, Validic has raised $2.1 million since its 2010 launch.

With health data aggregation services suddenly becoming the next “must have” feature on mobile devices, driven by projects being independently pursued by Google, Apple, Samsung, and Microsoft, it would seem that Validic itself would be an ideal candidate for acquisition by a larger consumer electronics company. The company only has $2.1 million in venture capital to pay back, and has a proven integration engine of interfaces bridging the gap between patients and care providers. Prior to the acquisition of Infometers, Validic was processing health data on 33 million patients on behalf of its customers, or roughly 10 percent of the US population.

The acquisition also grows Validic’s physical presence, as the company now has offices in Silicon Valley, in addition to its headquarters in Durham’s Research Triangle Park, .


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