Startup sells to global health care company
A local software startup has been acquired by a global health care company.
Warsaw, Indiana-based Zimmer Biomet Holdings (NYSE: ZBH), a maker of musculoskeletal products, said yesterday it has acquired Grand Rapids-based RespondWell. Terms of the deal were not disclosed.
The acquisition is expected to strengthen Zimmer Biomet’s recently announced Signature Solutions offerings.
RespondWell develops software to assist patients with post-surgery recovery and physical therapy. Specifically, RespondWell sells tele-rehabilitation technology that allows doctors to communicate with patients online.
RespondWell’s Therapy@Home program serves as a virtual therapist in the form of a video game, including digital coaches who encourage patients in their recoveries.
"Tele-rehabilitation represents the future of optimal and efficient post-surgical patient care, and we are excited to integrate our remote rehabilitation platform into the Zimmer Biomet Signature Solutions suite," RespondWell Co-Founder and CEO Ted Spooner said.
David Nolan, a Zimmer Biomet group president, said RespondWell’s tele-rehabilitation program is “innovative and comprehensive.”
He added the acquisition “addresses the emerging need for health care providers to oversee and optimize post-surgical recovery outcomes in order to maximize value across the entire episode of care."