Private equity firm Francisco Partners has acquired medical device connectivity solutions provider Qualcomm Life for an undisclosed amount.
Qualcomm Life will separate from its parent organisation Qualcomm and will be renamed as Capsule Technologies. It will operate as a standalone entity with two segments.
One of the segments, Capsule, will focus on offering medical device connectivity solutions for hospitals, while its sister 2net will deliver a medical grade mobile connectivity platform.
Capsule medical device technology and software can be integrated with clinical information systems.
Hospitals will be able to use Capsule connected devices, networking solutions and intelligent software applications to collect and visualise clinical data for monitoring health and improving care of patients.
The solutions are also said to minimise manual efforts and costs.
2net wireless mobile device connectivity is available through cloud-based solutions, providing device users, health care providers and payors with easy access to biometric information.
Its platform and hub deliver health and therapy data for integration with nearly all systems, applications and portals.
Qualcomm Corporate Development senior vice-president Duane Nelles said: “Francisco Partners’ deep experience in healthcare technology and proven track record in nurturing and growing technology businesses will enable CapsuleTech’s loyal base of employees to continue delivering innovation.
“We look forward to our partnership with the FP team as they grow CapsuleTech as an independent entity.”
Capsule connects medical devices to clinical information systems in more than 2,000 hospitals in around 40 countries.
Meanwhile, the 2net platform caters to more than 40 health insurance payors, pharmaceutical companies and medical device manufacturers.
Francisco Partners vice-president Justin Chen said: “Capsule and 2net will continue to drive increased focus on their respective customers, deliver mission-critical solutions and provide exceptional service. We look forward to supporting the talented employees and management team going forward.”