Validic, a company that collects data from wearable health care-related devices and apps and sends that data to health care organizations and other parties, has acquired Silicon Valley-based technology company Infometers, which specializes in connecting remote health care monitoring devices to the health care system.
Through the acquisition, Validic established a Silicon Valley office in addition to its Durham, N.C., headquarters, and increased its digital health ecosystem by 44 percent.
"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," Validic co-founder and CEO Ryan Beckland said in a statement.
The acquisition also expands the company’s technical capabilities for future clinical and wellness device integrations, particularly those aimed at monitoring patients outside of the traditional clinical setting.
Validic provides a technology platform for data access to mobile health and in-home devices, wearables and patient health care applications.
Its base of customers includes providers, payers, pharmaceutical companies, wellness companies and health IT vendors.
Validic connects these customers to digital health technologies to help health care companies better coordinate care across their communities, improve their patient engagement strategies and more efficiently manage their patient populations.
The company’s scalable and FDA Class I medical device data systems (MDDS) technology delivers standardized, HIPAA-compliant consumer health data from health devices and applications.
"With the increased adoption of mobile devices, patient health applications and intelligent sensors, remote patient monitoring has become a key strategic initiative for health care stakeholders," Beckland said. "In working closely with our clients, we know that improving health care together will require accessing key data that can provide real-time clinical decision support, validated outcome measurement, remote patient management and more."
A company release said the firm is on pace to exceed 300 strategic clinical and wellness device and application integrations this year, and with the addition of several new clients, Validic claims to have expanded its client population reach to more than 72 million lives.
The wearables market took a huge step forward over the past year and shipment volumes will exceed 19 million units in 2014, more than tripling last year's sales, according to an April report from IT research firm IDC.
From there, the global market will swell to 111.9 million units in 2018, resulting in a compound annual growth rate (CAGR) of 78.4 percent.
According to the company’s ConsumerScape 360° survey of more than 50,000 consumers in 26 countries, Samsung, which has already unveiled multiple wearable computing devices, was identified as the most trusted brand for wearable devices, ahead of Apple, Sony and Google.