Medical device manufacturer Medtronic is moving into the telehealth field with its $200 million acquisition of Chanhassen, Minn.-based Cardiocom LLC.
Cardiocom sells a suite of telehealth products to support remote monitoring of chronic patients in their homes, and to standardize and coordinate care. The company specializes in supporting treatment regimens for diabetes, hypertension, heart failure and other cardiovascular diseases, with real-time patient data reporting and patient intervention programs offered to provider organizations and insurers. It also offers nurse call center services.
Medtronic’s initial focus is to combine the acquired technology with its diagnostics, therapy and patient management products, as well as evidence-based protocols, to improve outcomes for patients with heart failure. Cardiocom CEO Daniel Cosentino will serve as vice president and general manager of Cardiocom at Medtronic.
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