Connect America Completes Acquisition That Seeks to Give Patients A Better Life

Morgan Stanley Capital Partners to Sell Vet Hospital Business
Morgan Stanley Capital Partners to Sell Vet Hospital Business

Connect America has completed its acquisition of Philips Aging. The terms of the deal are unknown. But Philips plans to maintain an equity stake as part of this deal. Through this acquisition, they will have over 1,500 employees, 3,000 provider partners, and nearly 900,000 shared subscribers.  

Connect America is a leader in digital health solutions. They help aging individuals feel safe and connected in their homes. The company can now expand its connected care offerings. This allows healthcare providers to focus on those who really matter: patients. It will lead to enhanced quality of life. Patients will see reduced hospital admissions or readmissions. And it will also result in earlier interventions. All these will provide peace of mind for patients.

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