HealthTech Company Medopad to expand into the US with Acquisition of Health AI startup, Sherbit
Medopad, the UK HealthTech company aiming to extend the lives of 1 billion people worldwide, has today announced its first acquisition as it accelerates its expansion into the US.
The company, which was named as a $1billion HealthTech business in the making by KPMG, has acquired Sherbit, a Silicon Valley AI startup that works with the largest US healthcare systems to improve chronic disease patient care. Medopad’s unique technology connects patients with health-care professionals, allowing them to analyze a patient’s data and detect life-threatening medical conditions.
It works with Royal Free London, Guy’s and St Thomas’, Bart’s, Chelsea & Westminster in the UK and is working on projects in counties including China, Germany, and Singapore. Medopad partners with the world’s largest healthcare systems, pharma companies and technology companies such as Apple and Tencent to solve some of the biggest problems in rare, chronic and complex disease monitoring.
Medopad CEO and Founder Dan Vahdat said: “At Medopad we want to create a world where people can live longer. We are working with some of the biggest companies in the world to improve the way doctors care for their patients by monitoring them at home and spotting any complications before they arise.” “We are expanding rapidly across the world and acquiring Sherbit is just the first step for us in the US.
“Sherbit has a strong track record of success working with some of the most prestigious healthcare organizations in the US, including the Mayo Clinic, Tufts Medical Center and Jefferson Health. Through this acquisition, Medopad will provide its technology to support solutions across different disease areas from rare diseases to chronic conditions.”
Sherbit CEO Alex Senemar said: “Sherbit and Medopad have the same vision to help people be healthier and live longer. We’re excited to leverage Medopad’s technology, clinical, and predictive analytics capabilities to expand what’s possible for our customers.”