Preventice Solutions Acquisition, Valuation, Funding & Investors

Preventice Solutions was acquired by Boston Scientific for $1.2B in January 2021, a 7.6x multiple on $158M of revenue.

Preventice Solutions acquisition price

$1.2B

Acquired by Boston Scientific · Jan 2021

Preventice Solutions revenue at acquisition

$158M

Last twelve months · Jan 2021

Preventice Solutions revenue multiple at acquisition

7.6x

EV/Revenue · Jan 2021

Cumulative funding Preventice Solutions raised

$137M

across 1 funding round

Preventice Solutions Overview

About Preventice Solutions

Preventice Solutions is a Mayo Clinic spinout based in Rochester, Minnesota, specializing in remote cardiac diagnostics. Acquired by Boston Scientific in 2017, it provides Zio platform for ambulatory ECG monitoring worn up to 14 days. The service processes over one million recordings annually for U.S. providers. Preventice Solutions links wearables to hospital workflows for arrhythmia management.


Founded

2007

HQ

United StatesHouston, TX

Status

Acquired

Customer focus

B2B

Revenue model

Services

Revenue

$158M (Jan 2021)

Valuation

$1.2B (acquired Jan 2021)

Preventice Solutions Acquisition

Preventice Solutions was acquired by Boston Scientific for $1.2B on 21 January 2021.

The acquisition price implies a 7.6x revenue multiple on $158M of revenue.

Before the acquisition Preventice Solutions had raised $137M across 1 funding round.

Preventice Solutions acquisition details
AcquirerDateTypePriceEV/Revenue
21 Jan 2021Strategic M&A$1.2B7.6x

Preventice Solutions Funding History

Preventice Solutions has raised a total of $137M across 1 funding round.

Preventice Solutions funding rounds

Preventice Solutions funding rounds
DateStageInvestorsRaisedDeal Summary
Jul 2020Series BVivo Capital (lead); Novo Holdings; Samsung Catalyst Fund; Merck Global Health Innovation Fund; Boston Scientific$137MPreventice Solutions, a Houston-based digital health company founded in 2004, develops reusable wearable patches for remote cardiac arrhythmia monitoring paired with a smartphone app and cloud-based platform. The company raised $137 million in a Series B round on July 15, 2020, led by Vivo Capital with participation from new investor Novo Holdings and existing investors Boston Scientific, Merck Global Health Innovation Fund, and Samsung Catalyst Fund. Funds were allocated to expand the sales team, advance technology and product innovation, and develop clinical evidence for its flagship solution. Preventice positions itself as a leader in the growing remote patient monitoring space, leveraging software expertise for scalable mobile and cloud solutions to improve arrhythmia diagnosis and healthcare efficiency. CEO Jon P. Otterstatter highlighted robust success with physicians and payers. The round brought total equity funding to $137 million across rounds. Digital health wearable sensor companies raised $312 million in H1 2020 per Mercom report. Post-round, Joe Siletto from Vivo Capital joined the board.

Who has invested in Preventice Solutions?

5 investors have backed Preventice Solutions across its funding rounds, including Novo Holdings, Vivo Capital, Merck Global Health Innovation Fund, Boston Scientific and Samsung Catalyst Fund.

Lead investors include Vivo Capital.


Preventice Solutions Investors

Investors in Preventice Solutions by funding rounds participated
InvestorHQRoundsRoleFirst check
Novo HoldingsDenmarkCopenhagen1ParticipantJul 2020
Samsung Catalyst FundUnited StatesSan Francisco, CA1ParticipantJul 2020
Vivo CapitalUnited StatesUnited States1LeadJul 2020

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Preventice Solutions Competitors

Preventice Solutions competitors include listed companies like GoodRx and Teladoc, and private ones like Assort Health, Tala Health, Wheel and League.

Public and private companies comparable to Preventice Solutions
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Assort HealthUnited StatesSan Francisco, CAPrivate$3M-$1.2B-
Tala HealthUnited StatesSan Francisco, CAPrivate--$1.2B-
WheelUnited StatesAustin, TXPrivate--$1.2B-
LeagueCanadaTorontoPrivate--$1.2B-
GoodRxUnited StatesUnited StatesPublicly listed$797M$173M$1.2B1.8x
TeladocUnited StatesUnited StatesPublicly listed$2.5B$124M$1.1B0.6x

Preventice Solutions Public Comps

Preventice Solutions is no longer listed, but its public comps include GoodRx, Teladoc, JMDC, Talkspace, Ping An Healthcare, Guiyang Longmaster, Medley Inc., American Well, Nyxoah and LifeMD.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
GoodRx$797M$173M1.8x1.8x8.1x5.5x
Teladoc$2.5B$124M0.6x0.6x11.3x5.0x
JMDC$324M$88M5.0x4.6x18.4x17.9x
Talkspace$229M$6M3.4x3.4x129.3x49.4x
Ping An Healthcare$815M$52M0.9x0.9x13.4x16.9x
Guiyang Longmaster$44M$5M10.0x-87.9x-
Medley Inc.$236M$32M2.1x1.8x15.7x13.2x
American Well$249M($63M)0.2x0.2x(0.8x)(3.1x)

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Common questions about Preventice Solutions

When was Preventice Solutions founded?Preventice Solutions was founded in 2007.
Where is Preventice Solutions headquartered?Preventice Solutions is headquartered in Houston, TX, United States.
Is Preventice Solutions publicly listed?No, Preventice Solutions was acquired by Boston Scientific in January 2021.
Who acquired Preventice Solutions?Preventice Solutions was acquired by Boston Scientific in January 2021.
How much was Preventice Solutions acquired for?Preventice Solutions was acquired for $1.2B in January 2021, a 7.6x revenue multiple.
How much funding has Preventice Solutions raised?Preventice Solutions has raised $137M across 1 funding round.
What was Preventice Solutions' last funding round?Preventice Solutions' last funding round was a $137M Series B in July 2020, led by Vivo Capital.
Who are Preventice Solutions' investors?Preventice Solutions' investors include Novo Holdings, Samsung Catalyst Fund, Vivo Capital, Merck Global Health Innovation Fund and Boston Scientific.
Which companies are comparable to Preventice Solutions?Companies comparable to Preventice Solutions include Assort Health, Tala Health, Wheel, League, GoodRx and Teladoc.

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