Medici is pleased to announce the acquisition of Chiron Health, furthering its commitment to create a better healthcare experience for one million doctors and one billion patients. The acquisition follows on the heels of other major company news including the announcement of $22 million in Series A funding and the November acquisition of DocbookMD.
"These two acquisitions are really such great fits, both being doctor-driven organizations with several features that perfectly complement and fine-tune the suite of services Medici now offers," said Clinton Phillips, Medici founder and CEO.
Austin-based Chiron Health was founded in 2013 by Andrew O’Hara. It is a secure, scheduled video conferencing platform, which is used as the embedded telemedicine solution by over five Electronic Medical Record (EMR) systems. Currently, Chiron serves more than 1,000 physician practices adding to the over 30,000 physician, therapist and veterinarian users of the Medici and DocbookMD platforms.
"We are excited to continue in growth mode, focused on doctors helping patients—freeing up physicians to use their knowledge and talents to better serve more patients and for less cost,” Phillips added.
Medici has made a name for itself as a HIPAA-compliant text, voice and video messaging app allowing doctors to provide care to their patients anytime, anywhere. It offers a robust set of features including in-app billing, e-prescriptions, electronic records integration and e-referrals. An early January app update will also add in chat translate capabilities for over 30 languages.
"It's rare that you find two companies this well aligned," Andrew O'Hara, founder and CEO of Chiron, said about the acquistion. "Medici and Chiron have both been focused on building best-in-class remote care tools to bring physicians and patients closer together – Medici from a secure messaging angle and Chiron from a scheduled video visit angle. It will be exciting to see what these two talented teams are able to accomplish together."
The recent additions to Medici come at an auspicious time as the global telehealth market is set to explode, rising from an annual worth of around $30 billion in 2019 to over $41 billion in 2021, according to market research firm Statista.
Already in 2019 Medici has ambitious plans of expanding its user-base to additional global markets. The company will also further build out its corporate headquarters in Southwest Austin.
PR Newswire: Medici Acquires Chiron Health Expanding Mission of Transforming Healthcare Delivery
Austin Business Journal: Medici starts 2019 by buying another Austin health-tech startup
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