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Persistent Systems acquires Herald Health™, transforming healthcare data overload into clear and actionable insights

Posted On: 2018-09-05 21:33:34

Persistent Systems (BSE & NSE: PERSISTENT) today announced the acquisition of Herald Health™, a startup created to transform the data overload swamping healthcare professionals into clear and actionable insights. Born out of a hackathon sponsored by the Digital Innovation Hub (iHub) at Brigham and Women's Hospital in 2015, Herald Health has developed a nationally recognized product bringing intelligent workflows and care delivery processes needed for digital transformation in healthcare. Herald Health has earned multiple awards for its innovative design, including 1st place in the Department of Health and Human Services Provider User-Experience Challenge.

Rahul Patel, GM Healthcare Solutions at Persistent Systems, "This acquisition further strengthens our IP portfolio in healthcare that includes our co-innovation work with leading university health systems and research organizations, as well as solutions that we've built jointly with our partner ecosystem. This kind of innovation by Herald Health is driving change in healthcare. It's not enough just to collect data, you have to give providers user-friendly tools and actionable insights in real time. Herald Health has proven that when you do thisin even one hospital, hundreds of doctors and thousands of patients can benefit."

Brad Diephuis, MD, Co-founder Herald Health, "When I began my clinical training, I was both impressed at how much data modern medicine can generate on patients and shocked at how few tools physicians were given to effectively process all of that data. At Herald, we're continually discovering how pervasive this problem is - not just for doctors, but for care coordinators, operations personnel, and hospital leadership - and building innovative solutions to make use of data in real time on the frontlines. With Persistent'sresources and technical expertise, we're looking forward to scaling these solutions to more hospitals and patients."

Adam Landman, MD, CIO Brigham and Women's Hospital, "There is an immense opportunity to dramatically improve our patients' and providers experiences by leveraging digital health technologies. The Brigham Digital Innovation Hub is thrilled to be able to support early-stage ideas, like Herald Health, that have the potential to positively impact patient care not only at our own hospital, but across the country and around the world."

The transaction takes place through the company's US subsidiary Persistent Systems, Inc.

Shares of PERSISTENT SYSTEMS LTD. was last trading in BSE at Rs.806.55 as compared to the previous close of Rs. 841.4. The total number of shares traded during the day was 21017 in over 1359 trades.

The stock hit an intraday high of Rs. 843.7 and intraday low of 800. The net turnover during the day was Rs. 17070316.


Source: Equity Bulls

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