ChartSpan announced that it completed the acquisition of Validic, a personal health data platform. The combined company will operate as ChartSpan and provide clinical services, devices, and infrastructure for healthcare clients.
The acquisition brings together ChartSpan’s care management services with Validic’s digital health platform for wearable and clinical device data. ChartSpan said the combination will support continuous patient visibility, improve health outcomes, and position the company as a leader in clinical services and infrastructure for data-driven care.
With Validic’s team and technology now part of ChartSpan, the company said it is positioned as the intelligence, conduit, and action layer powering remote health programs. These programs include Chronic Care Management, Advanced Primary Care Management, Remote Patient Monitoring, and custom programs.
ChartSpan said the combined care management and Remote Patient Monitoring offering will help close the data gap between monthly patient encounters. By unifying Chronic Care Management and Advanced Primary Care Management workflows with the device and data ecosystem of Remote Patient Monitoring, care managers can review biomedical device data and act proactively.
For healthcare organizations, the combined offering is designed to increase revenue while reducing the total cost of care and helping prevent costly hospitalizations and emergency room visits. Patients are expected to gain a more seamless clinical experience through the same trusted clinical team, with no disruption to customers’ internal workflows.
Beyond combined care management and Remote Patient Monitoring, the acquisition expands ChartSpan’s portfolio and audience. ChartSpan will now offer Validic’s product lines, including health data API infrastructure, Remote Patient Monitoring software, and device logistics and support, to health systems, digital health innovators, payers, and life sciences companies.
Support: Oppenheimer & Co. served as financial advisor to Validic in connection with the transaction. BIP Capital led the financing for ChartSpan.
KEY QUOTES:
“Healthcare has historically made decisions based on snapshots of patient health. By combining Validic’s personal health data infrastructure with ChartSpan’s clinical services, we’re helping healthcare organizations move from periodic observation to continuous understanding: identifying risk earlier, intervening sooner, and improving outcomes while lowering costs at scale. This partnership lays the foundation to turn health data into high-precision clinical action at every step of a patient’s journey, giving our customers the tools to stay ahead of both acute episodes and chronic disease progression for every patient they serve.”
Christine Hawkins, Chief Executive Officer of ChartSpan
“For over a decade, Validic has worked to make personal health data accessible and actionable within healthcare. We’ve long believed that some of the most important indicators of health exist beyond the walls of the clinic. By joining ChartSpan, we’re combining continuous patient insight with proven clinical services, creating new opportunities for healthcare organizations to identify risk earlier, personalize interventions, and improve outcomes for the populations they serve.”
Drew Schiller, Chief Executive Officer of Validic
