Spry Health's technology and assets have been acquired by Itamar Medical for an unrevealed cash amount.
Spry, headquartered in San Francisco, creates a medical-grade remote patient monitoring solution based on the wrist. Spry's technology is provided via an FDA approved, watch-like, home-based medical monitoring device called the Loop System. The Loop System is based on a series of sensing algorithms and technologies that use bio-markers to contextualise continuous physiological data to indicate patient deterioration signs.
“Spry Health's technology and assets have been acquired by Itamar Medical.“
President and CEO, Itamar Medical, Gilad Glick, stated: “As we sought opportunities to build on our vision of expanding sleep apnoea diagnostics from a single-night test to continuous remote patient monitoring, we identified the technology commercialised by Spry Health as a perfect fit. The acquisition of their FDA-cleared, wrist-worn technology and the addition of a knowledgeable pool of selected talented engineers, led by Spry co-founder and CTO Elad Ferber, provides an excellent platform for us to jump start our development initiatives to bring to market a continuous sleep apnoea monitoring device to further support chronic disease management - particularly as it contributes to the added burden on cardiovascular disease. While finger based monitoring yields the highest accuracy, it is currently not suitable for longer term wear. A device that is designed for the wrist, while potentially less accurate for precise disease diagnostics, is more suitable for monitoring the continuous accumulated burden of sleep apnoea, and its potential impact on other diseases, such as cardiovascular conditions, due to its wearability over weeks or months.”