Montréal-based health appointment booking platform Chronometriq has acquired Toronto-based healthcare management startup Health Myself. The terms of the acquisition were not disclosed.
“COVID-19 has jolted the industry, resulting in a spike in demand for patient engagement and virtual care technologies.”
Following the acquisition, Chronometriq will fully integrate the Health Myself platform with its own, and plans to maintain Health Myself’s relationships and contracts with current clients. Chronometriq will also preserve Health Myself’’s team and technology in order to offer a more complete solution for clinics in Canada. Chronometriq noted it is also gearing up for an expansion to the United States.
“By acquiring Health Myself, we gain powerful tools that will perfectly complement our own and will strongly position Chronometriq to help clinics and hospitals to manage and operate their establishments efficiently, while supporting the new security measures,” said Yan Raymond-Lalande, CEO and co-founder of Chronometriq.
Since its founding in 2012, Chronometriq has focused on improving efficiency in healthcare by developing software that streamlines the clinic experience for Canadians. The startup’s suite of products are targeted toward both patients and clinics.
Chronometriq offers online appointment booking, automated appointment reminders, a self-check-in kiosk, and a virtual waiting room management system, which launched in June. Chronometriq’s solution has already integrated with over 500 clinics and the startup claims to have helped “millions” of patients access care.
Among Chronometriq’s investors are California-based VC firm Bridgescale Partners and New York-based Full In Partners. The company raised a $20 million Series B in 2019.
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Founded in 2013, Health Myself aims to help primary care teams deliver higher quality care at a lower cost. Chronometriq said Health Myself’s portfolio of patient engagement technologies, which includes solutions for virtual care, mass communications, and a patient portal, complements Chronometriq’s product platform.
David Taylor, CEO and co-founder of Health Myself, said the acquisition will enable both companies to capitalize on market opportunities presented by the COVID-19 pandemic.
“We have experienced more change in the healthcare industry over a span of four months than the last four years combined,” Taylor said. “COVID-19 has jolted the industry, resulting in a spike in demand for patient engagement and virtual care technologies.”
Image source Tara McCarville via LinkedIn.