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UpRight Science acquires Highmark's balance tech

PRIVATEJun 16, 202629 days ago

Acquiring Company

UpRight Science

Acquired Company

Highmark

West Palm BeachBiotechnologyHealth CareMedicalMedical DeviceInsurance

Description

UpRight Science has acquired Highmark's FDA-cleared balance assessment application. This technology provides an objective way to measure and track balance in older adults, aiming to improve preventive care. UpRight plans to integrate this technology across various care settings to enhance patient management. The acquisition aligns with their mission of making balance measurements a standard practice in healthcare.

Company Information

Company

UpRight Science

Location

West Palm Beach, Florida, United States

About

UpRight Science is a medical technology company whose FDA-cleared balance software turns any smartphone into a medical device. The company uses smartphone-based biomechanics to reliably measure balance and identify changes over time. It aims to extend patient care beyond clinical settings. Their consumer app, Balance Matters, allows everyday users to track balance objectively.

Predictive Intelligence
Strategic

ML-powered predictions for UpRight Science's next move

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

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