Vytalize Health, a value-based healthcare provider, has agreed to acquire MedPilot, a digital patient engagement platform.
The Terms of the acquisition were not disclosed.
MedPilot is backed by $3.5 million in funding from Hudson River Capital, Wavemaker 360 Health, Tom Hirschfeld, Cedars-Sinai, Jumpstart, Techstars, Northcoast Ventures, and TurnCap.
According to MedPilot, its platform engages patients throughout their healthcare journey. The platform personalizes outreach depending on who the patient is and then uses machine learning to optimize communications between healthcare providers and patients. To date, MedPilot has helped over 1 million patients.
Vytalize says, with the MedPilot acquisition, it continues to build its next generation of functionality to engage patients further and ensure they receive comprehensive care. Vytalize is backed by $17 million from investors, including KittyHawk Ventures and Hudson River Capital Partners.
“As we grew our ACO and began enhancing our infrastructure for Medicare’s Direct Contracting program, our vertically integrated care delivery system needed a solution for last-mile patient engagement,” said Vytalize CEO Faris Ghawi.
“We couldn’t have asked for a better technology and team to fill this need. It’s been a pleasure to work together, and we are thrilled to deploy many more solutions through this platform to improve the patient experience and health outcomes while lowering healthcare costs.”
A total of 184 digital health companies were acquired in 2020, compared to 169 in 2019, a 9% increase in year-over-year M&A activity, according to Mercom’s Q4 and 2020 Digital Health Funding and M&A Report. Intrado, a provider of cloud-based software solutions, acquired Asparia, a provider of patient engagement solutions for health systems, hospitals, and medical practices.
