Philips acquires Wellcentive, boosts connected care offerings

Royal Philips ($PHG) will acquire population health management software company Wellcentive to complement Philips’ already extensive population health management offerings. The HealthTech giant already has cloud-based systems that bring together and analyze clinical, claims and financial data across hospitals and health systems.

The aim is to “help care providers deliver coordinated care that meets new healthcare quality requirements and reimbursement models,” Philips said in a statement. Philips already offers home monitoring, enterprise telehealth, personal emergency response systems (PERS) and other personal health services to help with a range of issues including intensive ambulatory care and personal health programs.

While financial details were not disclosed, Philips did explain in the announcement that Wellcentive’s approximately 115 employees will become a part of the population health management group. Wellcentive’s CEO, Tom Zajac, will be in place to lead this group.

“Wellcentive’s solutions will provide our customers with the ability to collect data from large populations, detect patterns, assess risks and then deploy care programs tailored to the needs of specific groups,” Jeroen Tas, Philips’ CEO of connected care and health informatics, said in the announcement.

Wellcentive’s apps will be bundled into the Philips HealthSuite cloud, which houses the likes of the Intensive Ambulatory Care program. This program brings together population health management software and telehealth tech to help those offering and recieving care at home.

- here's the announcement

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