Health data aggregator Validic goes bicoastal with Infometers acquisition

Validic’s first acquisition shows that data aggregators are on the rise. Health IT companies that can pull data from medical devices, wearables and mobile health apps to make remote monitoring easier for medical staff are helping hospitals as they rely more on outpatient services to generate revenue. The acquisition of Infometers not only illustrates the […]

Validic’s first acquisition shows that data aggregators are on the rise. Health IT companies that can pull data from medical devices, wearables and mobile health apps to make remote monitoring easier for medical staff are helping hospitals as they rely more on outpatient services to generate revenue.

The acquisition of Infometers not only illustrates the power of these companies to consolidate, but also expands its physical presence beyond the Research Triangle in North Carolina to the Silicon Valley.

Infometers adds onto Validic’s remote monitoring capacity for chronic conditions such as Type 2 diabetes through some big collaboration partners in the glucose monitoring space, particularly Johnson & Johnson. Infometers also connects to blood pressure devices and Bluetooth scales from A&D Medical and a glucose monitor from Omnis Health.

In a company statement, CEO Ryan Beckland elaborated on the usefulness of the acquisition:

“In working closely with our clients, we know that improving healthcare together will require accessing key data that can provide real-time clinical decision support, validated outcome measurement, remote patient management and more. With this acquisition of Infometers, we are excited that Validic continues to add value for our clients, helping them achieve greater access to the digital health devices they want, while getting the patient data they need.”

Earlier this year, Validic raised $1.25 million in the form of a convertible note from SJF Ventures and angels to scale its infrastructure and respond to demand. Mark Cuban is also an investor.

Earlier this year it hired three staff across business development, marketing and operations. John Turnburke, senior vice president of business development, previously worked with MedFusion and then Inuit, which acquired MedFusion. Chris Edwards, a senior vice president of marketing, and Ben Clark, vice president of operations, had worked for Allscripts.