Monday, June 24, 2024
HomeHealthcareHealth Catalyst will acquire patient participation startups for US$104 million

Health Catalyst will acquire patient participation startups for US$104 million

After a year in which many medical systems scrambled to communicate with patients, data analysis company Health Catalyst reached an agreement to acquire Twistle, a patient participation startup company.

Health Catalyst will pay 104.5 million U.S. dollars to acquire the company, and depending on certain performance targets, the company may add another 65 million U.S. dollars. Securities and Exchange Commission. The transaction is expected to be completed in the next quarter.

Provided by Health Catalyst in Salt Lake City Several large-scale health system analysis and process improvement tools, According to its website, it includes Banner Health, Intermountain Healthcare and UPMC. It plans to pair Twistle’s patient engagement tool with its population health software.

This will not only bring a wider user base to Twistle, but it will also build on its existing functions.

Twistle CEO Kulmeet Singh said in a press release: “Health Catalyst’s patient insights can trigger personalized outreach activities, and the unique circumstances of patients will enable Twistle’s communication channels to adapt to their preferences and preferences in an unprecedented way. Attributes.” “We are excited about the prospect of our joint solution actively attracting high-risk groups, promoting health equity, and improving patient motivation in care.”

Twistle, headquartered in Albuquerque, New Mexico, was founded in 2011. It allows the nursing team to send daily “check-in” text messages to patients and help patients set up medical equipment.During the pandemic, Providence St. Joseph Health Center Use Twistle to monitor patients with Covid-19 symptoms At home, share their daily body temperature and oxygen saturation level with ICU nurses by texting them.

Aaron Martin, the managing general partner of Providence Ventures, an investor in Twistle, said he expects the deal to accelerate innovation and make patient outreach more personalized .

“Health Catalyst’s acquisition of Twistle underscores our belief that the most promising technology in the healthcare field is to combine artificial intelligence and data with’digital endpoints’ to provide value for patient services,” he said in a press release Said in.

Photo Credit: Kritchanut, Getty Images

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