Cardiovascular Systems (NSDQ:CSII) announced that it completed a minority investment and entered into an option agreement to acquire telehealth company CarePICS.
CarePICS offers a virtual care platform designed to aid in the treatment of people with peripheral artery disease (PAD), critical limb ischemia (CLI) and lower extremity wounds, according to a news release.
The platform is designed to allow a multidisciplinary group of physicians to communicate with one another along with patients throughout the care continuum. The aim is to reach more patients in need, intervene when appropriate and coordinate follow-up to improve patient outcomes.
Financial terms of Cardiovascular Systems’ investment in CarePICS were not disclosed, while the company possesses an exclusive option to acquire the remaining equity.
“CarePICS is the connective tissue between collaborating physicians and their patients,” CarePICS CEO Paul E. Schubert said in…