Private equity company Francisco Partners acquired Qualcomm Life, the vendor’s subsidiary providing systems for the medical sector, for an undisclosed sum.
Qualcomm Life provided connectivity technology for medical devices in addition to specialist data processing platforms for hospitals, GP surgeries and other healthcare providers.
As a result of the deal the former Qualcomm division has been rebranded Capsule Technologies, with ex-Qualcomm Life president Rick Valencia staying on as an adviser to aid the transition.
In a statement, Francisco Partners explained the new company will run information systems in more than 2,000 hospitals across 40 countries.
“Through Capsule’s connected devices, networking solutions, and intelligent software applications, hospitals can capture and visualise clinical data to monitor patient health and improve patient care,” it added.
Qualcomm formed the division in 2011, moving assets formerly under Qualcomm Wireless Health into the subsidiary. At the time the new company was allocated $100 million in funding from its parent company to “accelerate wireless health services and technology adoption.”
Terms of the deal were not revealed.Subscribe to our daily newsletter