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iHealth acquires eDevice for $106m

iHealth (Andon Group) has acquired eDevice for an agreed transaction price of € 93.88m ($106m).

eDevice with headquarters in Bordeaux France, is recognized as a leader in the Connected Care market and has been relied upon for fifteen years by market leaders to provide solutions that securely transmit medical data between their patients and their systems, with hundreds of thousands of patients currently connected using eDevice technology and solutions.

With an impressive track record of 10 consecutive years of high revenue and profits growth, and the most prestigious references in the healthcare world, eDevice is the European “success story” of the Connected Care.

iHealth with headquarters in Mountain View California, was the first brand to release an iOS connected blood pressure monitor and became a leader in its space by proposing a full healthcare and wellbeing product range in the consumer Connected Healthcare market.

Its products, that have received rewards from Red Dot design, iF design, and CES innovation, and are distributed worldwide through reputable retail channels, empower people to manage their health and wellbeing and support monitoring along the continuum of care.

Due to the aging population, the increasing burden of healthcare costs and the development of chronic diseases, the mHealth Solutions Market including Connected Devices (Blood Pressure Monitor, Glucose Meter, Pulse Oximeter) Apps (Weight Loss, Womens Health, Personal Health Record, & Medication) and Services (Remote Monitoring, Consultation, Prevention) is expected to witness exponential growth in the coming years.

According to Markets&Markets, this market is poised to reach USD 59.15 Billion by 2020, growing at a CAGR of 33.4% until 2020.

Together, iHealth, eDevice and Andon Group are present in all the segments of the market.