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Nokia enters digital health market with its $191 million acquisition of Withings

Shared by Radhika Narayanan | 0 68 0 | about 2 years ago

Marking a “new chapter as a company,” Nokia Technologies announced Tuesday that it plans to acquire French connected health device maker Withings for $191 million.

Withings’ smartphone-connected scales, blood pressure cuffs, activity trackers and, recently, thermometers can enable remote patient monitoring and population health management programs.

Nokia has been searching for a new focus area since it sold its mobile phone business to Microsoft. In March, Nokia Technology President Ramzi Haidamus suggested that future could lie with healthcare.

“We’re also looking at another area where we have not launched any products – digital health,” he told Fortune last month. “Digital health is something that comes very natural to Nokia… A lot of research is happening right now in the field of digital health.”

Read More On www.healthcareitnews.com

Categories Mergers, Partnerships & acquisitions

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