AAA Hearst takes CareInSync as Samsung exits

Hearst takes CareInSync as Samsung exits

Hearst Health, a healthcare subsidiary of media company Hearst Corporation, has acquired CareInSync, a US-based provider of software for patient care, for an undisclosed sum.

Shareholders granted an exit in the deal include Samsung Ventures, the corporate venturing arm of electronics conglomerate Samsung, which invested an undisclosed amount in CareInSync in August 2013, and HealthTech Capital, which led the company’s $1.6m series A round in 2012.

Founded in 2010, CareInSync develops software that optimises communication between healthcare providers and patients. It will be absorbed into Zynx Health, a Hearst subsidiary that produces software intended to improve clinical practices.

Hearst initially invested in CareInSync in 2012 through its healthcare venture fund.

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