Irish MedTech Company Medihive Receives €7 Million Investment

DUBLIN, Feb. 06, 2023 (GLOBE NEWSWIRE) -- Medihive, Ireland's award-winning health technology platform, which includes Webdoctor.ie, has secured an investment from ResMed, an international leader in digital health and cloud-connected medical device innovation, as well as existing shareholders including VentureWave Capital. The investment now values the business at €62 million.

Medihive is a software company built to transform medical processes that don't work so patients can benefit from healthcare that does work. The business provides sophisticated software and clinical solutions to the healthcare, pharmacy and insurance industries, as well as direct to consumers and corporates via www.webdoctor.ie. The company combines digital and clinical know-how to bring clients and their end users high-quality virtual care on a global scale. 

The €7 million investment announced today will be used to further increase the international growth of the business, drive investment and innovation in R&D and accelerate healthcare software developments. The company currently employs 130 people and it is expected this number will now increase by a further 42 employees over the next two years.

ResMed, whose cloud-connected medical devices transform care for people with sleep apnea, COPD and other chronic diseases, enabling people to live healthier lives, has been working with Medihive since 2019 and now joins as an investor. ResMed Germany led deal negotiations on behalf of the organisation. As a result of their investment, ResMed will now take a seat on the board to work with the team to accelerate the growth of the business. 

Meanwhile, existing shareholders in Medihive have invested additional capital into the business. This follows the €3 million investment in August 2021 by VentureWave Capital, the private equity firm that focuses on entrepreneurial companies that make a positive social impact, are in vital sectors and address UN Sustainable Development Goals. At the time of VentureWave Capital's €3 million in August 2021, the business was valued at €48 million. Today's investment now values the company at €62 million, a significant 29% increase.

Noel McSweeney, Chairman of Medihive, said: 'The investment from ResMed alongside the increased support from current shareholders demonstrates our shared passion for medical technology advancement and will allow Medihive and Webdoctor.ie to further expand and develop our services while continuing to provide transformative digital healthcare solutions.'

Katrin Pucknat, President of ResMed Germany, said: 'At ResMed, our mission is to change 250 million lives in 2025 in out-of-hospital care settings, and today's announcement fits perfectly with that goal. Our work to date with Medihive has transformed the lives of our patients by making their care pathway less disjointed and allowing them to get diagnosed for sleep apnea outside of a hospital setting. ResMed places significant importance on innovation and this investment will enable both organisations to continue to be at the forefront of developments in healthcare technology. We look forward to supporting the team at Medihive as part of their board and believe this relationship will create new opportunities for us both while continuing to transform the healthcare industry.'

David Crimmins, CEO of MediHive, said: 'Medihive builds solutions to deliver positive patient outcomes by removing friction from their care journeys. This investment now comes at a pivotal moment for Medihive. Over the last two and a half years, demand for our services has surged as organisations realised they can achieve better patient outcomes by blending smart health technology with their traditional health infrastructures. This investment will enable us to continue meeting this demand while also allowing us to scale and expand our services in the continually evolving telehealth market both in Ireland and internationally. It's an exciting time for Medihive, and we're really looking forward to working with ResMed and our current shareholders to continue to make advances and improvements in digital healthcare for patients and professionals in the industry alike.'

Alan Foy, Chairman and Managing Partner VentureWave Capital, said: 'We are delighted to once again invest in Medihive alongside ResMed, a key strategic investor. As a successful Irish health technology business that's making an impact on delivering digital health and patient outcomes, this investment demonstrates our continued support and confidence in Medihive's business goals, global impact and strategic ambitions.'

                       Inspiring a world where instant, frictionless access to healthcare is the norm.

                                                             Medihive, Welcome Tomorrow.

For more information, visit www.medihive.com

Contact Information:
Breda Brown
PR Director
bredabrown@uniquemedia.ie
087 2487120
Viv Murphy
PR Senior Account Manager
vivmurphy@uniquemedia.ie
0876160846

Related Files

Authorization_Form.pdf


Related Images


Irish MedTech Company Medihive Receives €7 Million Investment

Image 1: David Crimmins CEO of MediHive and Katrin Pucknat President of ResMed Germany

Image 2: Medihive

This content was issued through the press release distribution service at Newswire.com.

Attachment

  • David Crimmins CEO of MediHive and Katrin Pucknat President of ResMed Germany

THỦ THUẬT HAY

Bạn đã biết trình duyệt hỗ trợ các tiện ích mở rộng trên Windows 10 Mobile là gì chưa?

Windows 10 Mobile mới hỗ trợ trình duyệt của bên thứ ba cung cấp các tiện ích mở rộng. Hãy cùng tìm hiểu xem trình duyệt đó là gì nhé!

Cách thêm khung hình Trung thu cho avatar Facebook

Tính năng khung hình Facebook mới đây đã cập nhật thêm khung hình Trung thu, để bạn có thể đổi avatar khung hình Trung thu trên Facebook.

Những cách thay đổi nhanh cài đặt thông báo trong iOS 12

Trên hệ điều hành iOS 12 vừa được ra mắt tại sự kiện WWDC 2018 vừa qua, Apple có nói về tính năng mới gọi là 'Quản lý thông báo' được bổ sung sẽ cho phép người dùng quản lý thông báo của bất kỳ ứng dụng trong thiết bị,

Hướng dẫn sửa lỗi Bluetooth không hoạt động trên iOS 10

Trong bài viết, sẽ hướng dẫn các bạn 3 giải pháp để có thể sửa lỗi không kết nối Bluetooth trên các thiết bị như iPhone, iPad đang chạy iOS 10.

Biến giao diện iPhone theo ý mình mà không đụng hàng với bất cứ ai

Mặc dù việc thay đổi giao diện trên điện thoại iPhone không hề dễ dàng nhưng vẫn có những cách thay đổi hình nền độc đáo, thay đổi gói icon… Tuy nhiên hôm nay bài viết sẽ hướng dẫn thêm cho bạn một thủ thuật khác thú

ĐÁNH GIÁ NHANH

Đánh giá Triumph Street Scrambler 2017 chính hãng về ngoại hình, giá bán

Giá Triumph Street Scrambler được niêm yết 365.000.000 đ với 4 màu: Đen Jet Black, Xanh rêu Matte Khaki Green, Đỏ Korosi Red và Bạc Frozen Silver.

Đánh giá Xiaomi Redmi 4A: Đáng mua nhất mức giá dưới 3 triệu

Xiaomi Redmi 4A là chiếc smartphone chính hãng có giá rẻ nhất của Xiaomi hiện tại. Với mức giá chỉ 3 triệu đồng, liệu chiếc smartphone này có đáng...