Hamilton Beach Brands Holding Company announced that its Hamilton Beach Health subsidiary has acquired HealthBeacon, which has been a strategic partner of Hamilton Beach Health since 2021. The two companies had previously entered an exclusive multiyear agreement for Hamilton Beach Health to market and distribute HealthBeacon’s primary product in the United States.
HealthBeacon develops connected devices that enable patients with chronic conditions to manage their injectable medication regimens at home and provides other health services. Founded in 2013 in Dublin, Ireland, HealthBeacon operates in the United Kingdom, Europe, North America and Australia. Its revenue model is subscription-based. HealthBeacon has approximately 50 employees, and has obtained more than 30 design and utility patents.
Hamilton Beach Health develops, distributes and markets in-home medical technology products that are designed to improve everyday living.
According to data captured in the LevinPro HC database, this transaction represents the 39th eHealth acquisition of 2024, and the third in the remote patient monitoring (RPM) specialty. During 2023, there were 273 eHealth and 22 RPM transactions announced. Financial terms of the deal were not disclosed.
