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Apple Checks its Acquisition Practice, Bids on Healthcare Startup Company

Apple’s health team The digital trend is obvious and Apple is tapping it chicly, the potential sectors to splurge capital in coming days is Healthcare; with more on digital-front transformation, Apple’s health team has reportedly acquired personal health data startup Gliimpse.

According to the reports of Fast Company, the acquisition is not exclusive as the company has kept its legacy of hush-hush moves.

The company has lately confirmed its statement, by citing, “Apple buys smaller technology companies from time to time, and we generally do not discuss our purpose or plans.”

The acquisition is known to foster Apple’s efforts in digital health. In recent years, Apple has delved into the sector with a range of services (HealthKit, CareKit, and ResearchKit) that allow patients, clinicians, and researchers to access important health and wellness data via a range of mobile devices. That’s in line with Gliimpse’s mission of uniting disparate streams of health information, reports Fast Company.

What makes this deal intriguing is that Gliimpse was developed to address chronic diseases like cancer and diabetes. Apple is known to recently hire a top pediatric endocrinologist who developed a HealthKit app for teens with Type 1 diabetes.

Silicon Valley-based Gliimpse has built a personal health data platform that enables any American to collect, personalize, and share a picture of their health data. The company was started in 2013 by Anil Sethi and Karthik Hariharan. Sethi is a serial entrepreneur who has spent the past decade working with health startups, after taking his company Sequoia Software public in 2000. He got his start as a systems engineer at Apple in the late 1980s.

CEO Tim Cook recently told Fast Company in an interview that he sees a major business opportunity for the company in the non-regulated side of health care: “So if you don’t care about reimbursement, which we have the privilege of doing that may even make the smartphone market look small.”

So far, the acquisition has not been announced on LinkedIn, or on the company’s website.

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Niloy Banerjee

A generic movie-buff, passionate and professional with print journalism, serving editorial verticals on Technical and B2B segments, crude rover and writer on business happenings, spare time playing physical and digital forms of games; a love with philosophy is perennial as trying to archive pebbles from the ocean of literature. Lastly, a connoisseur in making and eating palatable cuisines.

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