Prairie Ventures Announces the Acquisition of HealthInterlink, LLC Assets by Welch Allyn
Omaha, Nebraska, December 08, 2014 -- Prairie Ventures, a private investment firm with investments in healthcare technology and services, today announced the acquisition of substantially all of the assets of its telehealth company, HealthInterlink, LLC, by Welch Allyn, Inc.
HealthInterlink is a medical software company and developer of a flexible, affordable, and scalable software-based remote patient vital signs monitoring solution. HealthInterlink’s telehealth solution incorporates wireless patient monitoring devices such as a blood pressure monitor, thermometer, blood oxygen level monitor, blood glucose monitor and a breathing monitor integrated with a smartphone or tablet that transmits the patient’s vital signs data from these monitors to a HIPAA-compliant cloud-based web portal for patient data management by healthcare professionals and other authorized stakeholders and supports communication between patients and their caregivers to answer the patient’s care or health status questions.
Welch Allyn is a leading medical diagnostic device company that delivers pragmatic innovation at the point of care, helping healthcare providers overcome complex challenges with simple solutions. According to Welch Allyn President and CEO, Stephen Meyer, the acquisition of the HealthInterlink assets offers Welch Allyn a unique opportunity to better serve its U.S. customers by offering them an mHealth solution optimized for cost-effective collection and delivery of remote health information.
“The acquisition of HealthInterlink’s assets is exciting news for Welch Allyn and is in keeping with our vision to help transform care wherever patients and healthcare professionals connect,” said Meyer. “As healthcare delivery becomes decentralized and extends beyond the traditional acute and ambulatory care locations where our offerings are used today, we intend to provide solutions that enable providers to deliver high quality care, regardless of location.”
“We are very pleased that another of Prairie Venture’s start-ups has been acquired by an industry leading commercial partner,” said Craig Tuttle, President of Prairie Ventures. “HealthInterlink is a great example of a software technology company that we funded from start-up through to early product sales, which a very large and successful healthcare company recognized and then acquired. We founded HealthInterlink after the very first in-home patient monitoring products with Bluetooth communication capability arrived on the market. The company’s plan was to develop a best-in-class software system to integrate these in-home devices with a patient’s caregiver to improve routine measurement of their health status without requiring the patient to travel to their physician, as well as, detect when intervention was needed if their status declined. We are delighted that one of the most prestigious companies in primary patient care is acquiring the company,” Tuttle added.
As an operating company of Prairie Ventures, HealthInterlink developed the software from concept to creation, gained FDA 510(k) clearance in March of 2014 and grew marketplace demand. The business was sold in November 2014 to Welch Allyn for cash.
About Welch Allyn, Inc.
Since 1915 Welch Allyn has brought a unique perspective to developing diagnostic solutions by combining pragmatic knowledge with a visionary spirit of innovation and ongoing improvement. As a leading global manufacturer of physical examination instruments and accessories and EMR-connected vital signs and cardiac monitoring solutions, the company has a steadfast commitment to delivering superlative medical products, services and solutions that help healthcare professionals provide better care for their patients. Welch Allyn is headquartered in Skaneateles Falls, N.Y. (USA) and employs more than 2,600 people in 26 different countries. Visit http://www.welchallyn.com for more information. Like us on Facebook and Twitter.
About Prairie Ventures
Founded in 2000, Prairie Ventures is a private investment firm with investments in healthcare technology and services, real estate, banking, consumer goods and services, and non-healthcare information technologies. Prairie Ventures also operates an incubator in Omaha to provide services and infrastructure to emerging companies. For more information please visit http://www.prairieventures.net. Follow us on Twitter and LinkedIn