Former Apple engineers sell ‘smart’ pill bottle company to Alto Pharmacy

San Francisco-based Alto Pharmacy, a prescription delivery service, recently acquired San Francsico-based Round Health, which manufactures “smart” pill bottles to remind users to take their medication, CNBC reports.

Advertisement

Under the deal, Alto Pharmacy acquired Round Health’s technology assets, not its staff. The financial details of the transaction were not disclosed.

Round Health was created by Matt Blum, a former designer at Apple, Matt Crowley, a former design engineer at Apple, and Lauren Meleney, a former engineering project manager at PCH Lime Lab, a product engineering consulting firm in San Francisco.

Alto Pharmacy delivers prescription medicines to more than 25,000 patients in the Bay Area through an in-house fleet of couriers. Officials said they plan to expand the service to patients in Los Angeles and Orange County, Calif., this summer, the report states.

More articles on transactions and valuations:
BJC Healthcare sells shuttered 127-bed hospital for $13
Partners to examine Care New England acquisition amid financial issues
Meridian Behavioral Health Systems to acquire Highland Hospital

Advertisement

Next Up in Transactions & Valuation Issues

Advertisement

Comments are closed.