Qualcomm (NASDAQ:QCOMQualcomm Life, a subsidiary specializing in medical gadgets, was bought to personal fairness agency Francisco Companions and renamed Capsule Tech, as it should now function autonomously, PE introduced yesterday.
The businesses didn’t reveal any monetary particulars relating to the transaction, however stated that Capsule Tech would proceed to function its two distinct companies: Capsule, a supplier of medical gadget connectivity options, and 2net, a medical grade cellular connectivity platform.
"Francisco Companions' profound expertise in well being applied sciences and confirmed monitor report within the improvement and development of know-how companies will allow the loyal base of CapsuleTech workers to proceed to innovate. We stay up for partnering with the FP staff to make CapsuleTech an unbiased entity, "stated Qualcomm senior vp corp dev, Duane Nelles. m stated in a press launch.
"Capsule is a key enabler of the digital hospital and a trusted alternative for hospital clinicians, IT directors and healthcare IT suppliers. As hospitals proceed to undertake data-driven approaches to managing affected person care, Capsule will profit by serving as a centralized connectivity hub for medical data. We’re excited to collaborate with Capsule and assist the staff capitalize on new improvements in gadget know-how and software program functions, "stated Chris Adams, Accomplice of Francisco Companions, in a press launch ready.
The put up workplace Qualcomm renames and delegates connectivity of medical gadgets to the PE group firm, Francisco Companions appeared first on MassDevice.