Qualcomm buys medical device connectivity player Capsule Tech

Qualcomm Life ($QCOM) is reaching further into healthcare and the hospital with its purchase of Capsule Technologie, thereby extending its existing focus on at-home healthcare products. The wireless tech conglomerate anticipates that this deal will help it tap into the need of caregivers to connect medical devices across the healthcare delivery spectrum including at-home, ambulatory, hospital and acute-care settings.

Capsule has more than 1,900 hospital clients in 38 countries. It will become a wholly owned subsidiary of Qualcomm Life. The financial details of the acquisition remain undisclosed.

Capsule CEO Gene Cattarina

"As healthcare continues to move into the home and ambulatory settings and outside of traditional care areas such as the hospital, the convergence of medical device data from wherever the patient is located is critically important," said Capsule CEO Gene Cattarina in a statement. "Together, Qualcomm Life and Capsule will power this convergence by making data more accessible and interoperable among care teams to provide true continuity of care at the hospital, in the home and at all points in between."

This acquisition helps to further Qualcomm's aim of becoming one of the largest global "open connected health ecosystems." In addition to device integration, Capsule's technology offers data analysis to provide alarms, notifications and asset management tools to prompt healthcare providers.

Qualcomm President Derek Aberle

Qualcomm is in the midst of a strategic review of its businesses that it started in July. It's intended to reduce the company's cost structure as well as review its financial and structural alternatives to maximize value.

"Qualcomm is focused on strengthening its position in specific Internet of Everything verticals, like healthcare," said the company's president Derek Aberle. "The acquisition of Capsule expands the breadth of our healthcare platform, enabling us to provide connectivity solutions for the entire care continuum and create one of the world's largest connected health ecosystems. This will be an important step in advancing the Internet of Medical Things."

- here is the announcement