Current Health, a global provider of remote patient monitoring solutions, has recently announced the acquisition of RYTHM, a UK-based medical device startup. This acquisition marks an exciting new phase for Current Health, as it not only expands their product portfolio but also brings back the “scrappiness and startup spirit” that founder and CEO Christopher McGhee believes to be the essence of the company.
The acquisition of RYTHM is a strategic move for Current Health, as it solidifies the company’s position as a leader in the digital health space. RYTHM’s expertise in developing cutting-edge medical devices will complement Current Health’s existing remote monitoring platform, allowing them to offer a more comprehensive and holistic solution for patients and healthcare providers alike.
However, for Christopher McGhee, this acquisition means more than just business growth. It is also a return to the roots of Current Health – a scrappy startup that was born out of a passion for improving patient outcomes through technology. With this acquisition, McGhee hopes to reinvigorate the startup culture within the company and inspire his team to continue pushing the boundaries of what’s possible in digital health.
“Being a startup, we had that hunger and drive to make a difference in the industry. As we grew and became more established, some of that startup spirit got lost along the way. With the acquisition of RYTHM, we have the opportunity to return to our scrappy roots and reignite that fire within our team,” says McGhee.
This renewed energy and passion for innovation could not come at a better time, as the global pandemic has highlighted the importance of reliable and scalable remote patient monitoring solutions. By combining their expertise with RYTHM’s, Current Health is well-positioned to meet the increasing demand for remote healthcare services.
Aside from expanding their product offerings, the acquisition will also bring in new talent and expertise to the Current Health team. RYTHM’s co-founder and CEO, Abhinav Gujjar, will be joining the company as the Vice President of Medical Devices, bringing with him a wealth of knowledge and experience in medical technology.
“We are thrilled to be joining forces with Current Health. Our visions are aligned, and together we can make a significant impact on the healthcare industry. I am excited to bring my expertise to the team and be a part of this journey,” says Gujjar.
This sentiment is shared by the rest of RYTHM’s team, as they are also excited to join a company with a clear mission and a strong commitment to innovation. This sense of shared purpose and passion is what makes the collaboration between Current Health and RYTHM so promising.
The acquisition is also a great achievement for RYTHM, as it validates their hard work and dedication in developing innovative medical devices. It is a testament to the company’s potential and a bright future ahead under the umbrella of Current Health.
But beyond the business and growth opportunities, the acquisition also signifies the trust and confidence that Current Health has in RYTHM’s vision and values. For RYTHM, this is a validation of their mission to revolutionize the healthcare industry through technology.
“Joining forces with a company like Current Health is both exciting and validating. We believe in the power of technology to transform healthcare and improve patient outcomes, and this acquisition is a testament to that belief. We are looking forward to what’s to come in this new chapter,” adds Gujjar.
In conclusion, the acquisition of RYTHM by Current Health is a significant milestone for both companies and the digital health industry as a whole. It represents a strategic move towards growth and innovation, while also bringing back the “scrappiness and startup spirit” that has fueled Current Health since its inception. With this new chapter, it is clear that Current Health’s commitment to improving patient outcomes through technology is only getting stronger.
