Philips acquires patient engagement startup Medumo: 4 notes

Philips purchased Medumo, a Boston-based startup providing hospitals and health systems with digital tools to stay connected with patients beyond the clinical setting, the international electronics company confirmed to CNBC July 17.

Here are four things to know:

1. Financial terms of the deal were not disclosed. In a statement to CNBC, a Philips spokesperson noted that the acquisition "will bring an advanced Diagnostic Patient Management (DPM) offering to Philips' expanding diagnostic digital services portfolio."

2. Medumo's platform enables providers to send patients emails and text messages regarding referrals, pre-visit preparation, navigation to the hospital, follow-up information and additional education.

3. Medumo was founded in 2013 and reportedly has fewer than 30 employees. Its partners include Boston Children's Hospital, Brigham Health and UPMC, among others.

4. Philips has made several acquisitions to expand its healthcare portfolio in recent months: The company bought Carestream Health, a provider of diagnostic imaging devices, in March, following a string of acquisitions in areas such as population health management, digital sensors, data analytics and sleep and respiratory care throughout 2018.

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