Exclusive: Houston Digital Health Company Acquires Wearable Tech Company
Houston-based DHS Group has acquired Cleveland, Ohio-based Movable, a wearable technology company that focuses on the business-to-business market.
Movable has about 15 employees in the Cleveland market, all of whom are expected to remain there and with DHS, said Jim Pritchett, CEO of DHS.
This brings DHS's headcount to 35 employees nationwide, Pritchett added. The price of the acquisition was not disclosed.The Movable acquisition is timed with DHS's launch of its new platform, HealthSpective Engage. It allows large employers to track and manage employee's health. The product already existed prior to the acquisition, but the new technology allows DHS to enhance the product and provide direct data, versus pulling the health information from third-party devices.
"Our approach is that we already have all the health data related to each employee, we analyze in the aggregate, give each employee their individual health data and update monthly," Pritchett said. "The more information they have access to, they'll get more engaged in health."
Pritchett previously worked in the energy technology space with Petris Technology in the 1990s and early 2000s before recently joining DHS.