Home urinalysis test provider Inui had raised $50m from investors including Fosun and Tencent but is being bought by peer Healthy.io for just $9m.
Urinalysis technology provider Healthy.io has acquired US-based peer Inui Health in a $9m transaction allowing internet group Tencent and diversified conglomerate Fosun to exit.
Formerly known as Scanadu, Inui initially focused on development of a handheld device intended to measure a variety of health indicators, but pivoted to concentrate on a mobile device-based at-home urine analysis system.
Israel-headquartered Healthy.io has received regulatory approval in the US for its own urine assessment system and has served more than 150,000 customers across…
