updated - October 26, 2020 Monday EDT
Qualcomm Inc. has announced that it has acquired Capsule Technologie, a leading global provider of medical device integration and clinical data management solutions with more than 1,930 hospital clients in 38 countries, according to a press release issued by Qualcomm.
Capsule will be a wholly owned subsidiary of Qualcomm Life and is expected to extend the company's health offerings into the hospital.
The acquisition allows Qualcomm Life to create one of the world's largest open connected health ecosystems that delivers intelligent care everywhere, according to the press release.
The two companies will be combining Qualcomm Life's wireless expertise and ecosystem of connected medical devices with Capsule's leadership for connecting medical devices, EMR's and IT systems across hospitals.
Derek Aberle, the president of Qualcomm, said in the press release that the acquisition of Capsule "expands the breadth" of their "healthcare platform."
The acquisition is "enabling us to provide connectivity solutions for the entire care continuum and create one of the world's largest connected health ecosystems," he said. "This will be an important step in advancing the Internet of Medical Things."
Rick Valencia, senior vice president and general manager of Qualcomm Life, told Forbes that with the acquisition of Capsule, they now have "the largest ecosystem of connected medical devices."
"We're extending our reach from the home to the hospital and all the points in between, so wherever the patient might be," he said. "We'll create the connective tissue to bring all this data back into the system."
Forbes adds that Qualcomm Life's main product is the 2Net, a device that collects and encrypts data that is coming off the patient's medical device.
It helps doctors keep track of the patients when they are at their homes.
Forbes adds that Capsule does something similar to the 2Net but for medical devices that are located at hospitals and healthcare clinics.
The company builds the hardware that translates all the data from the medical devices into digital information.
Details of the transaction weren't included in the press release.
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