UK men’s health start-up Numan acquires Swedish healthcare tech company Vi-Health
In its goal of becoming a comprehensive digital health provider, based in London Numan acquired Stockholm and MalmÃ¶ based medical science and health technology company Vi-Health.
Once the acquisition is complete, the majority of the Vi-Health team will join Numan, while continuing to work from their offices in Sweden.
WHY IS IT IMPORTANT
Registered as a Class I medical device, Vi-Health’s platform includes an AI-powered symptom checker, e-consultation tools such as collaborative chat, voice and video consultations, and counseling tools. automation of workflow. In combination, they have been shown to reduce the workload of a clinical team by 70%, according to trials conducted by the company in Sweden.
The technology expands Numan’s clinical operating system and accelerates the company’s goal of becoming a holistic and comprehensive digital health provider.
A digital health clinic for men, Numan covers a range of conditions using a therapeutic model, which combines prescription drugs and proprietary over-the-counter products, pathology and screening, as well as medical consultations. The startup offers direct-to-consumer health and pharmaceuticals, personalized supplements and access to UK-based clinicians.
Since 2019, she has worked with 150,000 patients and recruited 300,000 men on her platform, who in total have delivered 1.4 million digital consultations.
THE BIGGER CONTEXT
In October, Numan completed a Â£ 10million Series A funding round to continue investing in technology, expanding operations and growing the team.
In one MobiHealthNews blog, Professor Sam Shah, director of medical strategy at Numan explains why men’s health and the health inequalities experienced by men are not topics many policymakers focus on.
Sokratis Papafloratos, Founder and CEO of Numan, said: âVi-health is an exceptional company and was the perfect fit for us in terms of vision, intellectual property and skills. We want Numan to be your first step towards better health and wellness, and Vi Health’s technology and intellectual property are helping us get there faster. More importantly, the team was a major driver in our decision to proceed with the acquisition. It is a group of people full of talent, deep expertise and a passion for improving healthcare on a global scale. We are all very happy to work together. “
Professor Shah said MobiHealthNews: âNuman continued to identify new ways to help people access healthcare and develop our clinical systems. The latest addition to Numan will allow us to expand our clinical offering to patients, expand the range of conditions and create systems that enhance the clinician experience. We recognize the benefits of a data-driven approach to healthcare, improving access and availability of our services. “