Watertown, Mass.-based athenahealth, a provider of network-enabled services and mobile applications, has acquired Filament Labs, doing business as Patient IO, an Austin, Texas-based care coordination platform.
Here are five things to know about the transaction.
1. Patient IO, which is delivered as a mobile and web-based application, will form the basis for athenahealth's patient-facing mobile application, athenaWell, according to an announcement of the transaction.
2. Athenahealth initially made an investment in Patient IO in October 2015 via the More Disruption Please Accelerator program, which offers startups direct access to athenahealth's resources, expertise and network of more than 80,000 healthcare providers, according to athenahealth. Patient IO is athenahealth's second acquisition of an MDP Accelerator portfolio company, following athenahealth’s acquisition of Arsenal Health last April.
3. The Patient IO team will join athenahealth Austin, including CEO Jason Bornhorst, Chief Technology Officer Brian Gambs and Chief Product Officer Colin Anawaty. Mr. Bornhorst will serve as executive director of product strategy.
4. More than 30 clinical sites currently depend on Patient IO to coordinate care for their patients. Patient IO will continue to service its full roster of clients and sell into non-athenahealth entities under its current name.
5. The financial terms of the deal were not disclosed.
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