Appello announced another major acquisition to close out the year. Effective 5 December, they have acquired the home monitoring business of Medvivo, Medvivo Careline Ltd. Careline provides telecare alarm monitoring, ‘comfort calls’, and out-of-hours call monitoring services to at-home and at-risk customers. The company was formerly known as Magna Careline. Terms were not disclosed.
The Medvivo Careline acquisition increases Appello’s monitoring customers by about 20 percent to approximately 250,000. Appello’s earlier acquisition this year was of RedAssure Independent Living from Worthing Homes [TTA 17 Oct]. Appello is the UK’s largest telecare monitoring service.
Medvivo, in its statement, took some pains to position the sale as enabling the company to focus on their now core business of integrated urgent care services across Bath and NE Somerset, Swindon and Wiltshire. It demonstrates that the UK health tech area continues to consolidate, notably in the monitoring area.