Axial Exchange acquires mRemedy
Jun 15, 2012 (Datamonitor Financial Deals Tracker via COMTEX) --
Axial Exchange, Inc., a software company that provides open source solution to share healthcare information, has acquired mRemedy, Inc., a provider of integrated mobile and internet services to share healthcare information. Both the companies are based in the US.
mRemedy was formed in 2009 as a collaboration between DoApp, Inc. and Mayo Clinic to offer mobile healthcare platform to healthcare providers.
Canaan Partners, Axial's lead venture capital investor, and Mayo Clinic both invested in Axial Exchange to complete the deal.
Deal Type Acquisition
Sub-Category Majority Acquisition
Deal Status Completed: 2012-06-14
Target (Company) mRemedy, Inc.
Acquirer (Company) Axial Exchange, Inc.
Vendor 1 (Company) DoApp Inc.
Vendor 2 (Company) Mayo Clinic
The acquisition provides Axial Exchange with the software, pipeline and customers of the myTality(R) patient-facing mobile healthcare application, that helps patients navigate a future hospital visit, and helps hospitals better market their services.
Axial will use the myTality suite as the patient-facing complement to Axial's care transition products, Axial Patient(TM) and Axial Provider(TM), which support transition of care from the hospital to home.
This agreement also provides Axial Exchange with access to consumer content from MayoClinic.com
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