Announced
Completed
Financials
Tags
wearables
Private Equity
medical devices
Private
United States
Domestic
healthcare
Medical Equipment
Completed
Acquisition
Single Bidder
Friendly
Minority
Synopsis
Private equity firm Deerfield Healthcare and Qiming Venture led a $146m Series C funding round in Element Science, a medical wearable manufacturer. Additional investors include The Invus Group, Third Rock Ventures, Google Ventures, and Cormorant Asset Management. “We believe that Element Science’s ability to apply cutting-edge principles of data science and patient-centered design holds great potential in disrupting the way these cardiovascular patients are monitored, diagnosed, and treated. We are delighted to support the company as it works to bring life-saving therapies to patients, while changing the paradigm of treatment in multi-billion dollar global markets,” Andrew ElBardissi, Deerfield Management Partner.
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