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Two years after Nokia acquired its way into digital health with its purchase of Withings, the company is reviewing strategic alternatives for the business amidst yet more layoffs at the company.
In a brief announcement, Nokia made it clear that all options are on the proverbial table for the digital health business, which is part of Nokia Technologies:
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The strategic review of the Digital Health business may or may not result in any transaction or other changes. Any further announcements about the Digital Health business will be made if and when appropriate. The Patent Business, Brand Partnerships and Technology Licensing units in Nokia Technologies are not in the scope of this review.
Reuters noted that Nokia plans to cut more than 400 staff in Finland.
Nokia acquired French wearables and connected health business Withings in 2016 for $192.3 million. gaining access to a product portfolio of devices such as Bluetooth-enabled blood pressure cuffs, scales, thermometer and activity trackers. Prior to the deal, Nokia Technologies launched a $350 million Internet of Things fund to target investments in digital health, connected enterprise, consumer solutions, and connected cars.
Last year, Nokia announced plans to roll out a clinical facing Internet of Things product called Patient Care to support remote monitoring. It was designed to sync with the Health Mate app to share patient-generated data from the company’s connected devices.
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