Amsterdam-based Founda Health, a technology company that builds infrastructure for the global healthcare sector, announced that it has acquired Philips Interoperability Solutions, previously known as Forcare.
With this deal, the Philips Interoperability Solutions team will be integrated with the Founda Health team. The specific terms of the deal remain undisclosed.
Enhancing patient care
Philips Interoperability Solutions aims to address healthcare challenges by streamlining workflows and improving care collaboration through data exchange.
The firm claims that its expertise has benefited numerous healthcare enterprises, fostering connected information systems and driving efficiency to enhance overall care quality.
“Interoperability is the foundation of the Philips health continuum vision. At Philips Interoperability Solutions, we bring together patient clinical information as people travel through the stages of the health continuum to improve care,” says the company.
Aim of the acquisition
The acquisition of Philips Interoperability Solutions enhances Founda Health’s global presence in healthcare data exchange, bolstering national and international operations.
Founda Health remains committed to constructing a modern, scalable, and cost-effective data infrastructure, fostering innovation for the mutual benefit of healthcare providers and patients.
Founda Health claims that its platform eliminates barriers to healthcare innovation by facilitating communication between new digital solutions and existing IT systems, including Forcare’s technology, which enables the exchange of medical data among healthcare providers.
Erik Schilperoort, MD of Founda Health says, “The ability to change and innovate will determine the future of healthcare. The implementation of new models of collaboration, the availability of data and their optimal use are essential for a future-proof healthcare ecosystem.”
“This acquisition is therefore a logical step toward a new healthcare data infrastructure that enables innovation to put patient care above all else,” adds Schilperoort.
Through the acquisition, Founda Health transforms into a complete data availability solution, ensuring secure and accessible data across the healthcare chain. The integrated platform reduces the workload for healthcare professionals and IT teams, thereby enhancing the overall quality of care.
Schilperoort says, “Our first priority is a seamless transition for our existing customers, employees and partners. In addition, we are investing in incrementally merging the platforms and will gradually add new functionality.”
“Customers can then take full advantage of continuous modernisation and the synergy between the two platforms.”
“Our mission remains the same: to set the standard for data availability in healthcare so that the entire healthcare ecosystem can continue to innovate in a patient-oriented way.”
Brief about Founda Health
Founded in 2019 by serial tech entrepreneur Jan Joost Kalff, Founda Health provides a global digital infrastructure for medical data exchange.
Adopting a platform model, the company serves as a bridge between healthcare providers’ systems and global health applications, offering a cost-effective solution for collaboration and eliminating high setup and maintenance costs.
Founda’s platform facilitates connectivity for healthcare IT systems of all sizes, streamlining operations by consolidating diverse data standards into a single API. It further supports healthcare apps by connecting them with international Electronic Health Record (EHR) systems, enabling scaling and market expansion.
Hospitals can choose from a variety of applications, and Founda Health takes care of necessary localisation for EHR partners in each market.
In February 2021, the firm raised $15M from a group of healthcare and fintech entrepreneurs. The investment helped the company with international expansion, along with financing further development of the platform and integrations with EHR systems.
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