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Medumo

Company

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Owners

Medumo — the American developer of technologies founded in 2013 for interaction of doctors and patients. The company in which less than 30 people work (for July, 2019) is engaged in the program of involvement of patients in care of own health. The Medumo service assumes providing tools to health workers for maintenance of communication with hospitals outside hospital.

History

2019: Philips purchased Medumo

In the middle of July, 2019 the Dutch company Philips announced acquisition of a medical startup of Medumo for further business development in the field of health care. The concluded bargain gives the buyer an opportunity to create service for already existing clients of a health care system. It is the predictable course against the background of the growing competition of Philips and others postavshchikovy traditional medical technologies in fight against the technology companies, including Amazon, Apple and Google. All these technology companies actively develop the medical business focused on a consumer sector and attracting everything new clients.

Medumo uses a combination of e-mail and SMS for delivery of instructions to patients on behalf of clients in hospital. The Boston children's hospital and the Harvard hospital Brigham Health were partners of a startup within several years. They note that hospitals lose billions of dollars every year because of the missed visits and the wrong training of patients for the procedure. Training of patients for a colonoscopy to which new features were gradually added became one of the first applications of Medumo.

Philips purchased the developer of technologies of interaction of doctors and patients

Sent to Philips the internal note announcing the transaction, but did not begin to open acquisition publicly. However after a direct question the representative of the company confirmed that Philips signed the agreement on acquisition of a medical startup of Medumo which will provide the new application on diagnostics and monitoring of patients for the extending portfolio of digital services of Philips.

The representative of the company added that thanks to the Medumo software application the company promotes mutual understanding between the doctor and patients, eventually improving results of treatment. Financial terms of transaction are not disclosed.[1]

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