US-based Aptar Digital Health acquires Singapore healthcare firm Healint

1 month ago 81

Healint, a Singapore-based digital health company launched in 2013, has been acquired by New York-headquartered Aptar Digital Health for an undisclosed amount, according to an announcement.

In a statement, Aptar Digital Health, creator of end-to-end mobile and web solutions and systems for the healthcare sector, said the acquisition aligns with its effort to boast its portfolio in neurology and strengthen its global footprint.

Healint, which is backed by Wavemaker Partners and Gree Ventures, was founded by Francois Cadiou. It provides services that integrate big data analytics, machine learning, and wearables into a healthy product and service that collects data via an array of methods.

In 2014, Cadiou and his team launched Migraine Buddy, one of the leaders in the area with over 3 million users who seek to manage migraine.

“With Healint, we now have the in-house expertise to cover the entire lifecycle of a drug, positioning Aptar Digital Health as a prominent leader in digital health for Central Nervous System conditions,” said Sai Shankar, president of Aptar Digital Health.

Per the announcement, Aptar Digital Health, a unit of NYSE-listed Aptar Group, will integrate Healint into its operations immediately and scale up its platform to adjacent therapeutic indications in neurology and immunology, among others.

Healint CEO and founder Cadiou said the acquisition will accelerate the firm’s development of AI-powered precision medicine, SaMD, which is designed to augment existing treatments.

The expanded capabilities will include patient community management, patient activation, AI-based data collection and analysis, as well as digital diagnostics to facilitate patient screening and identification, per the announcement.

The acquisition marks another exit for the Singapore startup ecosystem, which saw a 51% year-on-year funding decline in 2023 to $7.96 billion, according to the Southeast Asia Deal Review: Q4 2023 report by DealStreetAsia DATA VANTAGE.

Last year, Singapore and Indonesia received nearly 90% of total equity funding in Southeast Asia—Singapore cornering $5.5 billion from 415 deals and Indonesia raising $1.51 billion from 131 transactions, according to the report...

Read Entire Article