M&A

AvaSure Acquires Ouva: Enhancing AI-Powered Virtual Care Solutions

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AvaSure, a leading name in acute virtual care, has announced its acquisition of Ouva’s smart room solutions. This strategic move aims to accelerate the development of AI-powered virtual care technologies for hospitals. The acquisition will enhance the ambient AI capabilities of AvaSure’s Intelligent Virtual Care Platform and significantly bolster its in-house AI engineering team.

With this acquisition, hospitals collaborating with AvaSure can expect a broader range of AI-powered capabilities that will improve various aspects of patient care. These include enhanced patient safety, better patient flow, optimized staff rounding, and effective mobility monitoring. Additionally, these improvements will offer operational insights, thereby setting new benchmarks in AI-driven patient care and efficiency.

Commenting on the acquisition, AvaSure CEO Adam McMullin stated, “We are delighted to incorporate Ouva’s comprehensive AI capabilities and welcome Ouva’s expert AI engineers and developers, further enhancing our in-house capabilities to deliver innovation to our customers. With this acquisition, we are strategically investing in the advancement of AvaSure’s platform to enhance our ability to deliver innovative solutions that improve patient care and operational efficiency.”

The relationship between the two companies dates back to a partnership established last year, aiming to integrate Ouva’s AI functionalities into AvaSure’s platform. While Ouva has sold its smart room solutions, it continues to focus on its pediatric and wayfinding business sectors.

Ouva CEO Dogan Demir remarked, “This acquisition, born from a year-long partnership, is a natural progression of our shared vision. We are not just merging technologies; we are combining passionate and talented innovators dedicated to tackling hard problems in healthcare. AvaSure is set to be the driver of the AI transformation of hospital care, creating a hopeful future for increasingly strained hospital care services. Under AvaSure’s visionary leadership, I’m confident that our technology and team will play a pivotal role in shaping the future we will all benefit from.”

This acquisition serves to double AvaSure’s AI engineering resources, demonstrating the company’s commitment to driving rapid innovation in the virtual care space. The enhanced platform aims to provide hospitals with easier integration of AI solutions, thereby improving both patient outcomes and operational efficiencies.

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