Myant Acquires mmHg to Enhance Cardiac Precision Medicine

Deal News | Jan 07, 2025 | PR Newswire Cision Myant Corp.

Myant Corp., a leader in precision medicine for chronic disease prevention, has announced the acquisition of mmHg Inc., a digital health company focused on remote blood pressure monitoring and cardiovascular risk management. This strategic acquisition allows Myant to expand its market reach in the U.S., leveraging mmHg’s existing customer base and partnership with A&D Medical. The acquisition is part of Myant’s broader strategy to advance personalized, AI-driven remote healthcare. mmHg’s platform enables healthcare providers to remotely monitor and analyze blood pressure and key cardiovascular indicators, aligning patient data with clinical best practices to improve decision-making precision. Esteemed institutions such as Harvard's Beth Israel Deaconess and Johns Hopkins rely on this platform to enhance patient outcomes and clinical research. By integrating mmHg’s technology with Myant’s textile computing and advanced material capabilities, healthcare providers can access continuous real-time patient data, leading to earlier disease detection, personalized treatment plans, and improved chronic disease management. The acquisition underscores Myant's commitment to leveraging AI and advanced materials to improve patient outcomes, particularly as the company experiences significant growth, including expansion into the EU and leadership enhancement with the hiring of AI expert Dr. Xin Gao.

Sectors

  • Healthcare
  • Digital Health
  • Technology

Geography

  • Canada – Myant Corp., the acquiring company, is based in Toronto, Canada.
  • United States – mmHg Inc., the acquired company, has a significant market presence in the U.S., making it a key geography for expansion.

Industry

  • Healthcare – The article discusses companies involved in healthcare, specifically focusing on precision medicine and chronic disease management.
  • Digital Health – The acquisition of mmHg Inc., a company specializing in remote blood pressure monitoring and digital health solutions, highlights the sector's focus.
  • Technology – The integration of AI, advanced materials, and textile computing into healthcare solutions is a key technological focus of the article.

Financials

  • Not disclosed – The financial terms of the acquisition were not disclosed.

Participants

NameRoleTypeDescription
Myant Corp.Bidding CompanyCompanyA Canadian company specializing in precision medicine and advanced textile computing, focused on chronic disease prevention.
mmHg Inc.Target CompanyCompanyA digital health company specializing in remote blood pressure monitoring and cardiovascular risk management, based in the U.S.
Tony ChahinePersonPersonCEO of Myant Corp., responsible for strategic direction and the acquisition announcement.
Peter WoodPersonPersonCo-founder and COO of mmHg Inc., involved in the company's technological development.
Dr. Raj PadwalPersonPersonFormer CEO and principal founder of mmHg Inc., instrumental in its development and focus on cardiovascular risk reduction.
A&D MedicalPartnerCompanyA major partner of mmHg Inc., known for manufacturing reliable medical devices and health products.