Sword Health Acquires Surgery Hero to Strengthen UK Presence
Deal News | Jan 24, 2025 | Globenewswire
Sword Health, a leader in artificial intelligence-driven healthcare solutions, has acquired Surgery Hero, a UK-based innovator in prehabilitation digital health, to expand its global footprint and reinforce its presence in the UK market. The acquisition supports Sword Health's strategic commitment to enhance patient outcomes and address pressing issues faced by the UK National Health Service, such as lengthy musculoskeletal care waitlists and high costs. By integrating Surgery Hero's prehabilitation expertise, Sword hopes to provide comprehensive care, accelerating recoveries and alleviating NHS burdens. This acquisition aligns with Sword's mission to make healthcare more accessible and effective by combining AI with human clinicians to deliver scalable, immediate care solutions. Sword Health, which serves clients across 25,000 employers, health plans, and public sector organizations, has already saved them substantial healthcare costs. It has also garnered significant investments from top venture firms, reinforcing its position as a transformative force in the healthcare sector.
Sectors
- Healthcare
- Technology
Geography
- United Kingdom – Surgery Hero is a UK-based company and the acquisition by Sword Health focuses on addressing healthcare challenges within the UK.
- Global – Sword Health operates on a global scale, providing health solutions to over 25,000 employers, health plans, and public sector organizations worldwide.
Industry
- Healthcare – The acquisition involves companies that provide healthcare solutions, particularly focusing on digital health and AI-assisted care.
- Technology – Both Sword Health and Surgery Hero use technological innovations, including AI, to improve healthcare delivery and patient outcomes.
Financials
- $650 million – The amount Sword Health claims to have saved its clients in unnecessary healthcare costs.
- $300 million – The amount raised by Sword Health from leading venture capital firms.
- $3 billion – The most recent valuation of Sword Health.
Participants
Name | Role | Type | Description |
---|---|---|---|
Sword Health | Bidding Company/Buyer | Company | A global leader in AI-care solutions aimed at making world-class healthcare accessible to a broad population. |
Surgery Hero | Target Company | Company | A UK-based innovator specializing in prehabilitation digital health solutions. |
Virgilio (V) Bento | CEO of Sword Health | Person | Founder and CEO of Sword Health, driving the mission to alleviate health challenges using AI. |
Dr Matthew Beatty | CEO of Surgery Hero | Person | CEO of Surgery Hero, committed to enhancing pre-surgery health and optimising recovery. |