Omada Health has scooped up digital health company Physera for a reported $30 million. The deal adds virtual musculoskeletal care to Omada Health’s services. Physera, launched in 2015, specializes in virtual physical therapy for muscle and joint pain and delivers interventions digitally and via telehealth. Omada raised an additional round of growth capital from Perceptive Advisors, a life sciences investment firm, to finance the deal and support future company growth with the availability of $57 million, CEO Sean Duffy told FierceHealthcare. CNBC’s Chrissy Farr reported that $30 million was used for the acquisition, citing a person familiar with the deal. Duffy declined to disclose the acquisition price or any other terms of the deal. Omada Health offers a digital care and coaching program for managing chronic disease, with a specific focus on diabetes prevention, Type 2 diabetes management, hypertension, behavioral health and now musculoskeletal issues. Through the deal, Omada adds Physera’s musculoskeletal services to its digital care programs, which include video access to a nationwide network of licensed physical therapists for diagnosis and treatment.
Read the full article: Omada Health Buys Virtual Physical Therapy Startup Physera for Reported $30M //
Source: https://www.fiercehealthcare.com/tech/omada-health-buys-virtual-physical-therapy-provider-physera-for-rumored-30m