Royal Philips has acquired VitalHealth, a provider of cloud-based population health management solutions for the delivery of personalized care outside of the hospital, such as regional care networks. Headquartered in the Netherlands, VitalHealth’s products and services are being used by more than 100 healthcare networks in the U.S., India, China, Sweden, Germany, Belgium, the Netherlands, and more. Financial details of the transaction were not disclosed.
“This strategic acquisition complements our current offering in population health management, and supports our commitment to deliver integrated solutions for care providers and patients to improve people’s health,” says Carla Kriwet, chief business leader of the connected care and health informatics businesses at Royal Philips.
“As a pioneer in comprehensive population health management solutions, we are committed to help drive business transformation for providers, health systems, employers, and payers transitioning to value-based care. VitalHealth will help us deliver on that commitment by strengthening our offering for care coordination, outcome management, and patient engagement,” Kriwet adds.
Laurens van der Tang, CEO of VitalHealth, also spoke out about the acquisition: “We are delighted and proud to become part of Philips. It will accelerate our mission to enable better health for millions of people around the world. Our digital health solutions are highly complementary to the ones that Philips provides. Together, we have the potential to become the undisputed global leader in population health management.”
In line with its strategy to deliver integrated solutions across the health continuum, from healthy living and prevention to diagnosis, treatment and home care, Philips has been expanding its population health management business.
Building on the acquisition of Wellcentive in 2016, Philips already offers health informatics to import, aggregate and analyze clinical, claims and financial data across hospital and health systems. Its offering also includes patient engagement programs involving telehealth, personal emergency response, and medication management.
VitalHealth’s offering will complement Philips Wellcentive’s solution to help improve patient outcomes, as the combined portfolios will enable healthcare providers to better identify and manage high-risk, high-cost patient populations. Moreover, VitalHealth’s platform will strengthen Philips’ HealthSuite digital platform, the company’s digital enabler for the next generation of connected health solutions, company officials say.