Health

Employees compensation platform Bardavon Well being Improvements scoops up digital MSK startup PeerWell



Employees 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 provides instruments for damage prevention, remedy 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 medical steerage device, which connects employers and remedy suppliers to trace outcomes.

“We concentrate on the employee and the distinctive medical {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 an announcement. “Bringing in PeerWell’s main digital engagement capabilities is the subsequent evolutionary step.”

WHY IT MATTERS

In line with the Bureau of Labor Statistics, about 30% of occupational damage and sickness instances within the non-public sector involving days away from work had been musculoskeletal issues. Half of personal sector musculoskeletal dysfunction instances had 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 employees, a decline in contrast with 35.4 in 2011.

THE LARGER TREND

Based in 2015, PeerWell most not too long ago raised $6.5 million in Collection A funding in 2019. With the acquisition, PeerWell’s traders, together with OMERS Ventures and XSeed Capital, will change 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 change into concerned in office MSK, buying Vigilant Applied sciences, maker of a wearable that goals to stop office damage, final 12 months. 



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