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CardioNet, Inc. and MedApps, Inc. Partner to Expand Wireless Medicine

Wed, 11/10/2010 - 6:33am
CONSHOHOCKEN, Pa. & SCOTTSDALE, Ariz. -- (BUSINESS WIRE)-- CardioNet, Inc. and MedApps, Inc. announced that they formed a strategic alliance to advance their positions in the mobile wireless medical market, through the Companies’ respective wireless patient monitoring technologies.

The terms of the agreement are not being disclosed at this time. The Companies expect to leverage their respective strengths to deploy new and innovative wireless monitoring solutions that benefit patients in a cost-effective, meaningful manner.

“CardioNet is the industry leader in the diagnosis and management of cardiac arrhythmias with Mobile Cardiac Outpatient Telemetry™ and we are now seeking to expand our service offerings,” said Joseph H. Capper, CardioNet’s President and CEO. “When CardioNet’s MCOT™ is prescribed, physicians, patients and payors recognize the quality and reliability of our service. We are looking to MedApps to help accelerate our entry into additional areas of monitoring, and to extend our platform utilizing MedApps’ CloudCare™ technology.”

MedApps’ CEO Kent Dicks said, “This is an opportunity to forge an exciting collaboration between our two companies and take wireless healthcare to the next level. Both of our companies are considered innovators and leaders in bringing wireless technology to patient monitoring, and our philosophies for improving the delivery of healthcare are a perfect fit.”

MedApps’ CloudCare™ technology platform will bring ease and simplicity to CardioNet’s business model. By fully utilizing an intelligent cloud-based environment, MedApps distinguishes itself from its hardware-based competitors by improving all aspects of the process that affect both the enterprise and end-user, from simplifying the placing and processing of orders, to remotely updating and servicing equipment in the field.

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