Clear Arch Health, a division of MobileHealth and a provider of remote patient monitoring and mobile personal emergency response system solutions, has acquired Life Care Solutions, a division of Resideo. “With this acquisition, Clear Arch Health is taking the next big step to solidify its role in the remote patient monitoring market,” said Rob Flippo, co-founder and CEO of MobileHelp. “While leveraging LCS’s deep experience, extensive customer base and its validated LifeStream RPM software platform, Clear Arch Health will inject new energy and resources into this well-established brand.” Life Care Solutions was founded in 1999 as HomMed. It was acquired by Honeywell in 20014 and changed its name to Honeywell Life Care Solutions in 2015.
Three years later, as part of a larger spin-off of Resideo, LCS was rebranded Resideo Life Care Solutions. Today, LCS develops and delivers digital health technologies for health care systems, payers, employers, home health agencies and individuals to improve the quality and cost efficiency of care. “As a pioneer in remote patient monitoring and a leading player delivering telehealth solutions for remote chronic care management, LCS is the perfect complement for Clear Arch Health and a logical extension of our ecosystem,” added John Bojanowski, president, Clear Arch Health. “Together, with a clear focus on delivering RPM tools that provide meaningful and sustainable results, we can expand our offerings to care delivery systems and establish a larger presence in the market. We will be well positioned to establish an immediate brand and market leadership position in a highly fragmented industry.”
The M&A market for healthcare companies continues to strengthen in 2022 ahead of projected increases in US capital gains taxes. There is unprecedented capital in market, the lowest interest rates in US history and strong acquirer motivations for high quality healthcare companies. Across the continuum of care, buyers and investors are looking for well established, profitable businesses and offering strong valuations and options for management.
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