Preventice, developer of the PatientCare Platform and the BodyGuardian Remote Monitoring Sensor and an innovator in software solutions for remote patient care, and eCardio Diagnostics, a leading provider of remote cardiac monitoring products and services, announced a strategic combination of Preventice and eCardio to drive innovation and growth in remote monitoring systems and mobile health applications.
The two companies will now operate as wholly-owned subsidiaries of a newly formed holding company, Preventice.
The strategic combination strengthens eCardio’s ten-year history as a leader in remote cardiac monitoring with the addition of Preventice’s first-in-class, commercially available wireless remote cardiac monitoring system. It also provides Preventice with a national sales force and an award-winning monitoring center to allow for on-going market expansion of remote monitoring systems and mobile health applications.
Operating and corporate functions of the new holding company will be managed from eCardio’s corporate headquarters in Houston, while clinical research and product development activities will remain at Preventice’s Rochester, Minn., location. eCardio’s two Independent Diagnostic Testing Facilities will continue to monitor patients from Houston and South San Francisco.
Larry Lawson, founder and chief executive officer of eCardio, will serve as chairman and chief executive officer of the new holding company, Preventice, Inc. Jon Otterstatter, co-founder, president and chief executive officer of Preventice, has been appointed as president and global strategy officer of the holding company. eCardio’s chief operating officer, John Untereker, will serve as executive vice president and chief operating officer of the holding company.
"This strategic combination with Preventice will provide physicians with even greater access to products and services in the emerging market of cardiac remote patient care – one of the fastest growing segments in telehealth," said Larry Lawson, the new chief executive officer of Preventice.
"eCardio has focused on providing physician practices, academic medical centers and hospitals with the value-add tools they need to diagnose patients. In addition to mobile cardiac telemetry monitoring, streamlined reports via customized web portals, and successful EMR integrations."