Cox Communications announced the purchase of Sterling, Va.-based remote health monitoring specialist Trapollo for undisclosed terms.
Trapollo designs, deploys and manages nationwide tele-health and remote health monitoring programs for chronic disease management, independent living, and employer health and wellness programs.
Cox, Time Warner Cable, Comcast (NASDAQ: CMCSA) and Cablevision (NYSE: CVC), have struck deals to provide Ethernet service to hospitals, and several cable operators have said they see significant growth potential from selling remote health care services.
In February, Cox announced a joint venture with the Cleveland Clinic with the goal of accelerating adoption of home health services. This was followed in March by a multimillion investment into Healthspot, a company that operates remote health kiosks in RiteAid pharmacy locations.
With the Trapollo purchase, "we now fully own and operate a health care business, but the top two initiatives are ongoing," said Cox spokesman Todd Smith to FierceCable.
"We believe that the home will be an increasingly important node within the health care delivery architecture," said Asheesh Saksena, executive VPand chief strategy officer for Cox Communications. "The Trapollo acquisition allows us to play a more strategic role in the deployment of health care technologies in the homes of patients across the country."
Trapollo will retain its current executive leadership and brand.
"With Cox's long-term commitment and shared vision, we will have the resources to provide our existing and future customers with the solutions necessary to successfully design and implement effective remote health monitoring programs," said Todd Leto, co-founder and chief executive officer of Trapollo.
For more:
- read this Cox Communications press release
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