UK company Medvivo has acquired Expert 24 with a view to strengthening its range of clinical technology products and services.
Medvivo – which provides out of hours, crisis response, and technology enabled care services – announced the acquisition in late May.
CEO Andrew Gardner said bringing on board Expert 24 will deepen Medvivo’s offering, extend its reach internationally and strengthen its ambition to improve the accessibility, quality and cost-effectiveness of healthcare services.
Expert 24 develops and provides clinical decision support applications for some of the world’s largest healthcare organisations, including leading UK private healthcare provider Bupa.
“Effective, patient-centric healthcare services rely on innovations that unlock efficiencies and plug skills shortages while empowering the people that use them”, commented Gardner.
“To help meet this need, Medvivo is working to become the UK’s number one provider of digital healthcare products and services”.
The acquisition will also support Expert 24’s growth throughout the US, UK and Europe.
Expert 24 – which is based in the UK but provides services worldwide – refines and integrates complex clinical algorithms and assessments to help its clients tackle acute and primary care challenges, and manage chronic conditions.
Expert 24 founder and CEO Marci Thiel said the company looks forward to its next stage of international growth, supported by Medvivo.
“Whether working with insurers, primary care providers, hospitals or health portals, Expert 24 has consistently helped to reduce costs, improve the scalability of services, increase capacity and ultimately improve patient health outcomes”, Thiel said.
The expansion is also set to provide job opportunities for UK-based developers who want to work on digital solutions for healthcare.
The funding for the deal and potential future investment is provided by venture capital fund Eight Roads, which first invested in Medvivo in 2012.
Medvivo is based in Chippenham, and was formerly known as Wiltshire Medical Services.