Health

SWORD Well being buys office health-focused wearable firm Vigilant Applied sciences



Digital musculoskeletal care firm SWORD Well being introduced the acquisition of Vigilant Applied sciences, maker of a wearable that goals to stop office harm.

The acquisition announcement comes months after SWORD scooped up $85 million in Collection C funding.

Vigilant pairs a wearable system that gives haptic suggestions to appropriate posture with instructional content material tailor-made to particular job varieties to keep away from office accidents.

“SWORD created the simplest means available in the market to deal with MSK situations, and we’re excited to assist obtain Sword’s mission of releasing two billion individuals from bodily ache,” Andy Chan, founder and CEO of Vigilant Applied sciences, mentioned in a press release.

WHY IT MATTERS

Musculoskeletal situations are the main contributor to incapacity worldwide, affecting 1.71 billion individuals throughout the globe, in line with information compiled by the World Well being Group

In addition they account for a big chunk of office accidents. In 2013, musculoskeletal issues made up 33% of all employee harm and sickness instances, in line with the Bureau of Labor Statistics

SWORD is pitching the acquisition as a option to transfer additional into harm and dysfunction prevention. 

“The SWORD ethos has all the time been to develop the best-of-breed scientific options that present distinctive member outcomes. We’re enthusiastic about VIT’s expertise which provides to SWORD’s functionality to offer acute, power, post-surgical and preventative MSK care,” Virgílio Bento, CEO of SWORD Well being, mentioned in a press release.

THE LARGER TREND

SWORD’s $85 million Collection C was its second fundraise this 12 months; in January, the corporate introduced it had raised $25 million in Collection B financing

One other large participant within the digital musculoskeletal care area is Hinge Well being, which in January introduced a $300 million Collection D spherical. Final month, Hinge acquired wrnch, a developer of pc imaginative and prescient tech that measures physique movement, and in March the corporate revealed it would purchase Enso, the maker of {an electrical} nerve-stimulation system for ache aid.

Different firms offering digital musculoskeletal care or bodily remedy embrace Kaia Well being, which accomplished a $75 million Collection C spherical in April, and Physitrack, which went public in a $20 million IPO in June.



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