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ilumivu acquires Cardiogram and makes Series A investment round to accelerate personalized decision support solutions

Press releases may be edited for formatting or style | October 22, 2021 Business Affairs Cardiology Patient Monitors
ASHEVILLE, N.C., Oct. 21, 2021 /PRNewswire/ -- ilumivu, Inc., a pioneer in predictive and personalized healthcare intervention software utilized at university hospitals and healthcare research organizations worldwide, announced that it has completed its acquisition of Cardiogram, Inc., whose mobile app is a leader in continuous cardiovascular monitoring using wearable devices. In support of the acquisition and the improved opportunity to commercialize the company's personalized decision support solutions, ilumivu also closed a Series A funding round with Health Catalyst Capital, L.P.

Asheville, NC based ilumivu will use the acquisition and investment to grow its personalized decision support solutions. ilumivu expects growth to include scaling its existing operations as market adoption increases and expanding through new solution offerings. Founded in 2009, ilumivu supports healthcare research via its digital health SaaS software to monitor patients with multiple health conditions. ilumivu's digital health platform has been used to monitor numerous diseases and conditions including autism, Alzheimer's, heart/blood pressure/strokes and cardiovascular diseases, cancer, chronic lung disease including COPD, dementia, epilepsy, mental and behavioral issues, traumatic brain injury, suicidal tendency, and trauma/PTSD.

"Healthcare research institutions have historically chosen our platform because of its deep integration with smartphones and wearables, our granular real-time data collection, personalized dynamic baselines, just-in-time adaptive interventions using AI, advanced algorithms, and clinically proven protocols," states Sandeep Goel, Chief Executive Officer. "The platform has been used to remotely increase adherence, impact positive behavior changes, and provide pinpoint monitoring throughout the patient journey." ilumivu President T. David Smith further states "We believe that, as a result of this merger and financing, these remote decision support capabilities can be enhanced to be useful in improving care for individuals more broadly, including seniors and their caregivers covered by Medicare Advantage."

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Cardiogram, founded in 2016, developed and trained a neural network using millions of cardiovascular data points and records to identify medical conditions such as atrial fibrillation, diabetes, hypertension, and sleep apnea. The Cardiogram mobile app is compatible with Apple iOS and Android smartphones, as well as Apple Watch, WearOS by Google, Fitbit, Garmin, and Samsung wearables. It has been downloaded by more than 2.6 million individuals worldwide.

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