Device Technologies buys digital health firm uHealth
Medical equipment distributor Device Technologies has bought Sydney-based digital health firm uHealth, planning to integrate uHealth's surgical and implant technologies into the larger company while keeping uHealth's digital health portfolio and brand in both the Australian and New Zealand markets.
Device Technologies is a privately held company founded in 1992 as a distributor of a vast range of medical and surgical equipment and consumables. Products range from endoscopes and ventilators to portable ECG devices and apps, and a cardiovascular software package. It also provides equipment servicing by technicians trained by original manufacturers.
uHealth was founded in 2013 and in addition to hospital devices such as the Sensium Healthcare range for the wireless monitoring of vital signs, it also has a surgical device arm.
However, it is best known for distributing TGA-approved, consumer-focused devices such as the AliveCor heart monitoring device, AirSonea respiratory device and the QardioArm smart blood pressure monitor.
uHealth's products and staff, including co-founders Will Knox and Jeff Reid, became part of Device Technologies on February 1. The company's surgical and implant-based technologies will be integrated into Device Technologies’ relevant business units, with the digital health portfolio established as a new division under the uHealth brand across both Australia and New Zealand.
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