• Omada Health has acquired Physera, a five-year musculoskeletal treatment company in the physical and telehealth treatment industry, for $ 30 million.
• By purchasing, Omada is adding video access to a nationally licensed physical therapy network for digital services, including prevention and management of diabetes, high blood pressure, and mental health.
• Omada raised $ 57 million in capital funding from the life sciences company Perceptive Advisors, which funded it, according to CNBC.
Unlike other service providers, digital health thrives amidst the epidemic. The acquisition strengthens Omada’s portfolio as unfolding the process around telehealth has empowered investors in the digital healthcare space.
Nearly $ 10 billion in new capital has been invested in the digital healthcare sector worldwide in the first quarter of this year, up 12% from the first quarter of 2019, according to the business capital global White Star Capital.
Omada Health started in 2011 with a diabetes diagnosis, but to expand its condition it also uses Type 2 diabetes and high blood pressure. The player raised more than $ 256 million in his nine years, but this is his first acquisition, according to Crunchbase.
Physical, which includes stress programs, stimulation, exercise, and other guidelines designed to reduce back pain, says it reduces low health costs by preventing negative side effects from its effects, including prescriptions for opioids, specialist visits, surgery, and imaging.
There is a huge gap between chronic conditions such as diabetes and obesity and movement problems, making Physera a sensible exercise in the Omada business. Or profitable market: More than half of Americans report chronic illness each year, as well as total annual expenditure and conditions in the U.S. over $ 200 billion annually, declining $ 7,800 per patient.
Like Omada, Physera is available from your employers and health planners, as well as business clients, although Omada also operates an advanced health system such as Utah-based Intermountain Healthcare.
Omada has some runners in the digital musculoskeletal region. Four-year-old Hinge Health is a digital sensor platform that provides sensor and medical training designed for musculoskeletal treatment, Risalto Health digital concierge uses AI to connect users with musculoskeletal providers in the digital treatment center Kaia Health has applications for conditions such as chronic pain.