Milford, Conn.-based Cardiopulmonary Corp. and Philadelphia-based Nuvon Inc. have definitively agreed to merge with the deal expected to close within 60 days.
Terms of the deal, which the privately held companies say is a true merger and not an acquisition, were not disclosed.
Both companies serve the hospital market with enterprise platforms to capture in real-time, distribute and analyze data from a wide range of medical devices. Cardiopulmonary’s Bernoulli platform supports alarm management, patient monitoring/surveillance, analytics and virtual ICU, among others. The company has more than 1,500 installed systems. Nuvon captures data from multiple medical devices and delivers it to electronic health records and other clinical systems.
Both companies have entered the field of predictive analytics and both serve a variety of physicians; Cardiopulmonary’s name comes from its original mission of building ventilators and the mission and product line over time expanded, says Janet Dillione, CEO.
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A shared vision that so much data now is available yet not being optimally used help spur talks to combine, Dillione adds. While Cardiopulmonary can accommodate more devices, Nuvon has stronger workflows and together, they can expand their library of device drivers, which are the computer programs that control devices.
Important new capabilities that Nuvon brings to Cardiopulmonary include advanced medical device integration with Epic Systems products, and academic and children’s hospitals. Together, the companies will raise the bar in a competitive market, according to Dillione.
The name of the combined company remains under consideration, as do the roles of Nuvon management and employees, Dillione says. Nuvon will continue to operate out of Philadelphia.
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