H1 acquires Carevoyance to sell its 'LinkedIn for healthcare' platform to medical device customers

H1, a tech platform hosting healthcare provider profiles for life science customers, has acquired Portland, Oregon-based Carevoyance to fuel a push into the medical device space. The deal closed in late July and ran the New York City-based company seven figures in cash and stock, Ariel Katz, co-founder and CEO of H1, told Fierce Healthcare. All six of Carevoyance’s employees will be retained, and the company will operate as an independent subsidiary. Katz said there is no shortage of parallels between the two companies, both in terms of culture and product. H1, for instance, acts as a “LinkedIn for healthcare,” collecting comprehensive profiles on 10 million healthcare professionals and thousands of worldwide institutions. These data—regularly kept up to date by the company’s data team and other physician users—can give life science companies seeking out key opinion leaders or potential clinical trial sites information on a provider’s research portfolio, patient mix, social media activity and more. RELATED: Health tech startup H1 lands $58M series B to build out ‘LinkedIn for healthcare’ Carevoyance, meanwhile, has built a similar healthcare provider data collection tool for medical device companies looking to craft a targeted sales strategy. According to its website, Carevoyance has amassed data…
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