Preventice

Boston Scientific announced Thursday it will purchase cardiac monitoring company Preventice Solutions in a $925 million deal, putting it straight into the fast-growing cardiac monitoring industry.
The deal, the second in the area this week, is expected to close by mid-2021.
The BodyGuardian category of remote, wearable cardiac monitors for adult and paediatric patients are part of Preventice product portfolio.
We take pride inside our engaged team who strives to bring a depth of experience, drive data-driven integrated solutions and support healthcare professionals in diagnosing patients threatened by cardiac arrhythmias and improving the standard of lives of patients we serve.
Boston Scientific transforms lives through innovative medical solutions that improve the health of patients all over the world.
As a global medical technology leader for more than 40 years, we advance science forever by providing an easy range of powerful solutions that address unmet patient needs and reduce the price of healthcare.

Preventice’s integration of AI and human expertise is made to enhance physician efficiency and experience.
Under these agreements, Bittium has provided Preventice Solutions with customized wireless ECG measurement and monitoring equipment going back four years.
Bittium offers state-of-the-art ECG technology, which, together with Preventice Solutions, has been customized and further developed to improve the physician and patient experience in remote cardiac monitoring.
Preventice Solutions has the exclusive right to use, resell and market tailored BodyGuardian MINI EL ECG devices as part of its remote diagnostic services offering globally, and the exclusive right to use, resell and market the BodyGuardian MINI SL ECG devices in the usa.
The BodyGuardian MINI product category of ECG sensors continuously records electrocardiographic waveforms and provides multiple uses on a single device, including short- and long-term Holter measurements, Cardiac Event Monitoring and Mobile Cardiac Telemetry .

Through collaborations with Merck, Mayo Clinic, and Pfizer the company has released near 40 applications for prescription drugs management, cardiac care, anti snoring, and diabetes management.
On a GAAP basis, the transaction is expected to be less accretive, or dilutive as the case may be, due to amortization expense and acquisition-related net charges, except for a one-time gain on the company’s previously held equity investment in Preventice to be recorded at the closing of the transaction.
Additional information relating to this transaction can be acquired on the events and presentations portion of the Boston Scientific investor relations website.
The back-to-back cardiac monitoring deals follow Philips’ $2.8 billion December purchaseof BioTelemetry.

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In addition, according to the agreement the parties will continue to cooperate in the development of new tailored ECG technology for Preventice Solutions.
Remote patient monitoring, specifically, has been building momentum as virtual care continues to reshape the healthcare industry, and cardiac wearable companies have benefited.
AliveCor focuses on the creation of FDA-cleared machine learning ways to enable proactive heart care.

• Preventice’s growth trajectory extended beyond
• Scott Olson, senior vice president and president of
• “We are pleased to strengthen this strategic relationship with this particular agreement.

These factors, sometimes, have affected and in the foreseeable future could affect our capability to implement our business strategy and may cause actual leads to differ materially from those contemplated by the statements expressed in this news release.
Consequently, readers are cautioned not to place undue reliance on some of our forward-looking statements.
Boston Scientific was mostly of the companies the other day to preannounce fourth-quarter results that underperformed, reporting a slowdown for its cardiac rhythm management business.

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Simultaneously, the improved BodyGuardian could simplify administrative billing and service operations for health care providers.
The BodyGuardian product enhancements make these improvements possible by combining three essential monitoring technologies — mobile cardiac telemetry, event monitoring and Holter monitoring — in a single easy-to-use device.
Preventice Solutions is a leading developer of mobile health solutions and remote monitoring services that connect patients threatened by cardiac arrhythmias.

Combined with the upfront cash payment, the deal carries a potential milestone payment of $300 million.
Preventice earned $158 million in sales in 2020, representing approximately 30% year-over-year growth, based on the deal announcement.

ECG information to the Preventice Diagnostic Laboratory in Houston, Texas.

Specifically, Preventice’s ambulatory ECG business would sit alongside Boston Scientific’s recent push in to the complementary implantable cardiac monitor space.
Scalable, Continuous Cardiac Monitoring The BodyGuardian Remote Monitoring System™ is based on portable and flexible cardiac monitoring technology which allows physicians to monitor important biometric data outside the clinical setting, while patients start their daily lives.
The Preventice product portfolio includes the BodyGuardian® category of remote, wearable cardiac monitors for adult and pediatric patients.
The monitors work with a fully-integrated, cloud-based platform supported by an unbiased diagnostic testing facility, where clinical technicians and artificial intelligence algorithms provide insights that could result in improved clinical diagnoses and outcomes.

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The FDA-cleared KardiaMobile is really a clinically validated mobile EKG solution utilized by people for accurate EKG recordings.
KardiaMobile, and KardiaBand, when paired with the Kardia app provide instant analysis for detecting atrial fibrillation and normal sinus rhythm in an EKG.
It was founded in 2011 and is situated in Mountain View, California.
February 28, 2013 — Preventice Inc. will showcase its breakthrough mobile health solutions for remote patient monitoring …
Food and Drug Administration approved the BodyGuardian Remote Monitoring System, a number of small wearable monitors developed by Preventice in collaboration with the Mayo Clinic.
The BodyGuardian system is usually to be utilized by doctors to track non-lethal arrhythmia or irregular heartbeats in ambulatory patients.