Hinge Health, a developer of wearable bands with motion sensors that help employees recuperate from musculoskeletal problems such as the lower back, knee, shoulder, and neck pain, acquired wrnch.
wrnch develops computer vision and motion tracking sensors that deliver digital personalized physical therapy for elite athletes and the motion picture industry.
Founded in 2015, Hinge Health sells a digital healthcare solution for chronic MSK conditions to U.S. employers and health plans. The company’s digital platform combines wearable sensors, an app, and health coaching to deliver physical therapy and behavioral health remotely.
Hinge Health, which closed a $310 million Series D funding round in January, said adding wrnch’s tech to its wearable platform would allow its users to measure strength, flexibility, balance, and endurance. The company said they would also track exercises more efficiently and improve rehabilitation for areas harder to treat, like the head, neck, and hands.
The terms of the acquisition were not disclosed.
“We built wrnch into the world’s leading artificial intelligence and computer vision R&D lab to understand human motion, shape, and intent,” said Paul A. Kruszewski, founder and CEO of wrnch.
“I’m so excited to combine our artificial intelligence technology with Hinge Health’s Digital MSK Clinic to improve clinical outcomes for millions of members.”
Hinge Health cofounder and CEO Daniel Perez said, “We won’t stop investing in technology to deliver the most patient-centered digital clinic that improves member experience and outcomes while reducing costs. wrnch allows us to take a giant leap forward in all respects.”
A total of 136 digital health companies were acquired in the first half (1H) of 2021, compared to 83 in 1H 2020, a 64% increase in year-over-year M&A activity, according to the latest Mercom Digital Health Funding and M&A Report. In March, Hinge Health acquired pain relief wearable maker Enso for an undisclosed amount.
