China-Owned iHealth Pays $106 Million for eDevice of France

iHealth, a US subsidiary of Tianjin's Andon Group, paid $106 million to acquire eDevice of Bordeaux, France. Both companies offer mobile health monitoring devices. eDevice uses its proprietary technology to connect patients with large medtech companies and healthcare organizations. iHealth, headquartered in Mountain View, California, offers basic healthcare monitoring devices and an iOS smartphone app to keep patients connected. Two years ago, iHealth raised $25 million from Xiaomi Ventures, a China electronics company. More details.... Stock Symbol: (SZE: 2432) Share this with colleagues: // //