Today it was announced that our portfolio company REACH Health was acquired by InTouch Health, the leading enterprise telehealth platform. This acquisition solidifies InTouch’s leading position as a telehealth partner of choice for hospitals and healthcare systems. They now power more than 200 health systems with the most secure, reliable, and scalable virtual care solution in the industry. BIP Capital continues to build upon its deeply vetted interest in the healthcare technology sector, growing innovative solutions to help increase the quality and efficiency of care.
REACH Health has made significant progress to help healthcare providers and the patients they serve to overcome traditional time, distance, and resource obstacles associated with care delivery. This acquisition will combine the strengths and capabilities of both companies, offering the most comprehensive telehealth enterprise solutions available.
In the InTouch press release about the acquisition, Joseph M. DeVivo, InTouch Health CEO stated: “REACH Health is a complementary addition to the InTouch Health family with its strong history of delivering high-quality telemedicine solutions. The telehealth industry is fragmented and health systems demand a single telehealth platform that can overcome interoperability challenges, ensure data management continuity, and scale from a single physician office to a multi-hospital enterprise. With InTouch Health, healthcare providers have access to the complete telehealth package for any use case and in any care location. REACH Health fits nicely with InTouch Health’s recent open-platform, device-agnostic strategy.”
We congratulate the team at REACH Health on the news of their acquisition.
>> Continue reading the story on PR Newswire.