ProMD, a spin-out of Utah University developing a platform for post-hospital aftercare, has been acquired by telehealth technology firm SilverVue.
SilverVue will now add ProMD’s mobile health technology platform MobiMD to its product line, and its CEO Matt Evans will become SilverVue’s new chief strategy officer.
The size of the deal or any terms were not disclosed.
Will West, CEO of SilverVue, said: “The MobiMD application harmonises perfectly with our vision at SilverVue, and will be a strong complement to our product portfolio. We are excited to add the ProMD team to SilverVue. The acquisition continues our path of rapid growth and development, and adding the diverse industry experience and clinical expertise of Matt Evans and Ram Nirula to our executive leadership will allow us to move even faster.”