Canaan Partners, Axial’s lead venture capital investor, and Mayo Clinic both invested in Axial Exchange to complete the deal.
Axial Exchange Inc. today announced that Axial Exchange has acquired mRemedy, a company formed in 2009 by DoApp, Inc. and Mayo Clinic to offer a mobile healthcare platform to healthcare providers. The acquisition provides Axial Exchange with the software, pipeline and customers of the myTality® patient-facing mobile healthcare application, which helps patients navigate a future hospital visit and helps hospitals better market their services. Axial will use the myTality suite as the patient-facing complement to Axial’s award-winning care transition products, Axial Patient™ and Axial Provider™, which support transition of care from the hospital to home. Canaan Partners, Axial’s lead venture capital investor, and Mayo Clinic both invested in Axial Exchange to complete the deal.