Medical messaging company Medici announced late Friday that it will be acquiring Chiron Health, an Austin-based telehealth company. This comes on the heels of Medici’s last acquisition of health communication platform DocbookMD in November.
"These two acquisitions are really such great fits, both being doctor-driven organizations with several features that perfectly complement and fine-tune the suite of services Medici now offers," Clinton Phillips, Medici founder and CEO, said in a statement.
Why it matters
Medici is a medical communication tool that lets patients communicate with multiple providers. The system was designed so that a user could not only have his or her providers on the system but also their loved ones physicians, for example their child’s pediatricians.
This new acquisition will given Medici access to Chiron Health’s platform, which was designed to facilitate provider-patient video visits. Those visits can be uploaded to five comparable EHR systems. The HIPAA compliant system caters to physician run practices. The plan is to integrate Chiron’s capabilities, as well as full team into Medici’s current system.
The trend
Medici was founded in 2016 by Philips, which had previously founded 2nd.MD. Since then it has undergone multiple funding rounds. First in 2016 the Texan company scored $24 million in funding. Then in June the company announced a $22.4 million funding round. Eventually the company acquired DocbookMD in November, which gave the startup more clinician-to-clinician messaging capabilities.
Chiron Health has been in the digital health game since 2013. The startup got a boost in 2015 when it landed $2.3 million funding from Capital Factory, Floodgate and Martin Ventures.
On the record
“It’s rare that you find two companies this well aligned,” Andrew O’Hara, founder and CEO of Chiron, said in a statement. “Medici and Chiron have both been focused on building best-in-class remote care tools to bring physicians and patients closer together – Medici from a secure messaging angle and Chiron from a scheduled video visit angle. It will be exciting to see what these two talented teams are able to accomplish together.”
