Bardavon Health Innovations has acquired PeerWell Inc, a consumer-focused musculoskeletal (MSK) health application to create a truly hybrid treatment solution for workers across America. With this acquisition, the two companies will pair in-person physical therapy with virtual tools to support patients before, during, and after injury.
PeerWell’s technology augments the Bardavon bNOTES clinical guidance system and Digital Health Platform to proactively optimize and orchestrate MSK care across a national network of over an estimated 21,000 physical and occupational therapy providers.
Together, the combined platform becomes the largest and highest performing quality MSK provider network in the United States with the following capabilities:
- 21,000 physical and occupational therapists across all fifty states, with 90% US population coverage
- Digital and virtual whole person care pathways that complement in-person physical therapy for all common MSK disorders
- Patented and clinically validated remote monitoring technology
“We focus on the worker and the unique clinical and professional needs of that population, understanding how the patients’ existing health, lifestyle, and job demands factor into their recovery,” said Matt Condon, Chief Executive Officer and founder of Bardavon Health Innovations. “Bringing in PeerWell’s leading digital engagement capabilities is the next evolutionary step.”
“A complete 360-degree MSK care experience has not existed until today,” noted Manish Shah, Chief Executive Officer and co-founder of PeerWell. “Each person is different, and each patient’s response to treatment is different. This pairing between what occurs in the clinic and what occurs at home has the chance to alter worker health on a totally different scale.”
As part of the cash and stock transaction, PeerWell investors will become Bardavon shareholders, including institutional investors xSeed Capital and OMERS Ventures.
“MSK is a significant area where we have still not seen clinical and digital care well integrated”, said PeerWell board member Dr. Jonathan Slotkin, Chief Medical Officer of Contigo Health and vice chair of neurosurgery at Geisinger. “Of the care journeys driving employer-sponsored healthcare spending, 34.2 percent is spent on MSK conditions—a greater amount than any other category including cancer, diabetes, and behavioral health.”
[Source(s): Bardavon Health Innovations, GlobeNewswire]
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