Welch Allyn acquires Prairie Ventures' HealthInterlink

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Welch Allyn Inc. has acquired a private investment firm and all of the assets of its telehealth company, HealthInterlink.

HealthInterlink is a medical software company whose telehealth solution includes wireless patient monitoring devices such as a blood pressure monitor, thermometer, blood oxygen level monitor, and breathing monitor integrated with a smartphone or tablet. The patient's vital signs are sent to a HIPAA-compliant cloud-based web portal for patient data management by healthcare professionals.

The acquisition will allow Welch Allyn to better serve U.S. customers by offering an mHealth solution, said president and CEO Stephen Meyer.

“HealthInterlink is a great example of a software technology company that we funded from start-up through to early product sales, which a very large and successful healthcare company recognized and then acquired,” said Craig Tuttle, president of Prairie Ventures. “The company's plan was to develop a best-in-class software system to integrate these in-home devices with a patient's caregiver to improve routine measurement of their health status without requiring the patient to travel to their physician, as well as, detect when intervention was needed if their status declined.”

The business was sold in November 2014 to Welch Allyn for cash.