Investments, Startups

IBM Acquires Health Tech Startups Explorys and Phytel to Fuel Watson Health Unit

Image Source: techloy

Image Source: techloy

To strengthen its leadership position in healthcare analytics and cloud computing, IBM has acquired two startupsExplorys, a healthcare intelligence cloud company that has built a large healthcare database, and Phytel, a provider of integrated population health management software.

Both companies will now become part of the IBM’s new Watson Health Cloud, that will provide a secure and open platform for physicians, researchers, insurers and companies focused on health and wellness solutions.

“The acquisitions bolster IBM’s efforts to apply advanced analytics and cognitive computing to help primary care providers, large hospital systems and physician networks improve healthcare quality and effect healthier patient outcomes.” IBM said in a statement.

Explorys was founded in 2009 as a spinoff from Cleveland Clinic, it offers a cloud service for combining several typed of data and handling business intelligence and predictive analytics. Explorys’ secure cloud-computing platform is used by 26 integrated healthcare systems to identify patterns in diseases, treatments and outcomes. It integrates over 315 billion clinical, financial, and operational data elements. It claims to have compiled one of the largest healthcare databases in the world.

Phytel works with healthcare providers’ current electronic medical record technologies to reduce patient hospital readmissions and to automate and improve patient outreach and engagement.

IBM didn’t disclose the terms of the either of the acquisitions. Earlier this month, the company had also revealed 4 new apps for healthcare in collaboration with Apple.

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