Google parent company in talks to acquire Fitbit

Alphabet, parent company of Google, is reportedly in talks to acquire wearables company Fitbit and has already made an offer, Reuters reported Monday.

No acquisition price was disclosed and it is unclear if a deal will be finalized. Fitbit has been one maker of wearables that has become deeply integrated into the healthcare space, with partnerships from major players such as Humana.

Shares of Fitbit soared after the news was released. Alphabet’s play into the wearables market could be seen as a competitive edge toward Apple, which has its own wearable watches increasingly being used for medical purposes.

See the full story below:

Amy Baxter

Amy joined TriMed Media as a Senior Writer for HealthExec after covering home care for three years. When not writing about all things healthcare, she fulfills her lifelong dream of becoming a pirate by sailing in regattas and enjoying rum. Fun fact: she sailed 333 miles across Lake Michigan in the Chicago Yacht Club "Race to Mackinac."

Around the web

With generative AI coming into its own, AI regulators must avoid relying too much on principles of risk management—and not enough on those of uncertainty management.

Cardiovascular devices are more likely to be in a Class I recall than any other device type. The FDA's approval process appears to be at least partially responsible, though the agency is working to make some serious changes. We spoke to a researcher who has been tracking these data for years to learn more. 

Updated compensation data includes good news for multiple subspecialties. The new report also examines private equity's impact on employment models and how much male cardiologists earn compared to females.

Trimed Popup
Trimed Popup