Staff compensation-focused Bardavon Well being Improvements has acquired digital musculoskeletal care startup PeerWell in a money and inventory deal for an undisclosed quantity.
Bardavon, which presents instruments for harm prevention, therapy planning, and case-tracking and documentation, will use PeerWell to supply each in-person bodily remedy and digital teaching. The corporate stated the digital MSK platform will complement its bNotes scientific steering device, which connects employers and remedy suppliers to trace outcomes.
“We deal with the employee and the distinctive scientific {and professional} wants of that inhabitants, understanding how the sufferers’ current well being, life-style and job calls for issue into their restoration,” Bardavon CEO and founder Matt Condon stated in a press release. “Bringing in PeerWell’s main digital engagement capabilities is the following evolutionary step.”
WHY IT MATTERS
Based on the Bureau of Labor Statistics, about 30% of occupational harm and sickness instances within the non-public sector involving days away from work have been musculoskeletal issues. Half of personal sector musculoskeletal dysfunction instances have been from the retail commerce, manufacturing, and healthcare and social help industries.
In 2018, the incidence charge of musculoskeletal dysfunction instances was 27.2 per 10,000 full time staff, a decline in contrast with 35.4 in 2011.
THE LARGER TREND
Based in 2015, PeerWell most lately raised $6.5 million in Sequence A funding in 2019. With the acquisition, PeerWell’s buyers, together with OMERS Ventures and XSeed Capital, will turn into shareholders in Bardavon.
A variety of digital well being startups have an interest within the digital MSK area, together with firms like Hinge Well being, SWORD Well being, DarioHealth, RecoveryOne and Upswing Well being.
SWORD has additionally turn into concerned in office MSK, buying Vigilant Applied sciences, maker of a wearable that goals to forestall office harm, final 12 months.
