Healthcare assistance platform developer Livongo has acquired US-based weight and disease management scheme developer Retrofit for an undisclosed sum, enabling healthcare provider Cambia Health Solutions to exit.
Retrofit provides a service that combines smart mobile technology with coaching to help users change their behaviour to help them manage their weight and prevent diseases.
The company had raised $17.6m in equity funding and $4.8m in debt financing, according to press releases and regulatory filings.
Cambia led Retrofit’s $5m series B round in 2013, investing alongside venture capital firm DFJ. The company’s other investors include Correlation Ventures, Hyde Park Angels, Pritzker Group Venture Capital, Chicago Ventures and Firestarter Fund.
Livongo, which raised $105m in funding from investors including corporates Microsoft, Merck and Blue Cross Blue Shield of Massachusetts last week, will add Retrofit’s system to a product range that already helps users cope with diabetes and hypertension.
Glen Tullman, Livongo’s CEO, said: “Retrofit has built strong, evidence-based, offerings in weight management and disease prevention and brings a great group of committed people. We are excited to welcome their team into the Livongo family.
“For our members, we now have more services that make it easier to prevent individuals from getting sick and, if they do, working with them to return to health and stay healthy. And for our clients, we are now addressing the comprehensive health challenges their employees face, with the goal of caring for each as a whole person.”