The deal is expected to close in mid-2021. “Boston Scientific has been a key investor in Preventice for more than five years and we believe the company has the commercial reach, diagnostics expertise and operational infrastructure to bring these advanced monitoring technologies to more patients worldwide.”
“We have been humbled to provide thousands of physician practices with services based on near real-time clinical data to enable the diagnosis and management of more than one million cardiac patients, without needing to interrupt their daily activities,” Preventice CEO Jon Otterstatter said in a news release. Last year, the Centers for Medicare and Medicaid Services began allowing physicians to bill Medicare for remote monitoring that takes place in patients’ homes, and has further expanded coverage since the start of the pandemic. The use of wearable devices for remote patient monitoring has boomed in recent years, as Apple, Fitbit and AliveCor received FDA clearances for algorithms designed to help users detect potential arrhythmias. “This acquisition will provide Boston Scientific with a foothold in the high-growth ambulatory electrocardiography space, which strongly complements our recent entrance into the implantable cardiac monitor market and will serve as an important component of our category leadership strategy in cardiac diagnostics and services – a nearly $2B market anticipated to grow double digits annually,” Scott Olson, Boston Scientific’s president of Rhythm Management, said in a news release.
It will also acquire Preventive’s algorithms to detect, classify and interpret variations in heart rhythm data. Boston Scientific currently makes an implantable cardiac monitor to detect arrhythmias, but Preventice’s devices could serve as a wearable alternative. If your computer still isn't displaying anything on your monitor, proceed to Step 12. If your computer starts normally with only essential hardware installed, proceed to Step 11. The deal should complement Boston Scientific’s range of diagnostic and surgical devices for cardiology, which include pacemakers and stents. For example, disconnect peripheral devices that aren't necessary for your computer to work properly, such as USB-connected storage devices.
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