Google announced on July 2 that it is set to acquire CareClic247, a prominent home healthcare app. The addition of CareClic247 amplifies Google’s healthcare portfolio and complements Google’s existing healthcare technologies.
CareClic247 has developed an app that connects medical and non-medical, in-home caregivers for physically and mentally impaired seniors. The app can send a doctor, nurse or a caregiver to a patient’s home 24/7 on demand.
Google focuses on online advertising, search engine technology, cloud computing, computer software, quantum computing, e-commerce, consumer electronics and artificial intelligence. Google’s parent company is Alphabet Inc. According to its most recent financial report, Google amounted an annual revenue of $305.6 billion throughout 2023, and an EBITDA of $96 billion.
By combining Google’s AI expertise with CareClic247’s operational framework, the potential to enhance remote patient monitoring and care delivery is immense. This synergy could lead to more predictive and responsive healthcare solutions, where AI not only assists in administrative tasks but also contributes to direct patient care, making real-time health monitoring more accurate and actionable.
For patients, the benefits of this acquisition could translate into more personalized and timely healthcare services at home. For healthcare providers, it means access to more robust data and predictive analytics to aid in decision-making. This could drastically reduce hospital readmissions and improve patient outcomes, particularly for chronic disease patients who require continuous monitoring. Financial terms of the deal were not disclosed.
This is not Google’s first foray into health technology. The company has previously bolstered its presence in the sector by acquiring Fitbit in 2021 and Sound Life Sciences in 2022, both pivotal in the development of apps focused on health monitoring. These acquisitions are part of Google’s broader strategy to position itself at the forefront of the digital healthcare revolution.
According to data captured in the LevinPro HC database, this acquisition represents the 124th eHealth transaction of 2024, and the 25th in the telehealth specialty. This is a decline from last year, when there were 147 eHealth and 30 telehealth transactions announced between January 1, 2023, and July 2, 2023.
