DarioHealth (NASDAQ: DRIO), a leader in the global digital therapeutics (“DTx”) market, today announced its entry into an agreement to purchase all of the right, title and interest in certain assets of Physimax Technologies Ltd. A leading provider of computer vision (“CV”) technology for musculoskeletal (“MSK”) functional screening and predictive risk of injury assessment, Physimax’s technology is in commercial use by NBA and NFL teams, the U.S. military and health care facilities specializing in orthopedic care. Closing of the acquisition of Physimax’s assets is subject to customary conditions, including the approval of the Israeli Innovation Authority. “We are committed to bringing cutting-edge technologies to our suite of offerings to enhance the user experience and improve outcomes,” said Erez Raphael, CEO of DarioHealth. “We believe that Physimax’s technology strengthens our ability to scale highly effective treatments for musculoskeletal health and reduce the burden on Dario professional human support. Physimax’s technology supports rapid growth of membership without the traditional limitations of MSK care delivered by humans.”
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About DarioHealth Corp.
DarioHealth is a leading global digital therapeutics company revolutionizing how people with chronic conditions manage their health. DarioHealth offers one of the most comprehensive digital therapeutics solutions on the market — covering multiple chronic conditions including diabetes, hypertension, weight management, musculoskeletal and behavioral health within one integrated technology platform. Dario’s next-generation, AI-powered, digital therapeutic platform supports more than just an individual’s disease. Dario provides adaptive, personalized experiences that drive behavior change through evidence-based interventions, intuitive, clinically proven digital tools, high-quality software, and coaching to help individuals improve health and sustain meaningful outcomes. Dario’s unique user-centric approach to product design and engagement creates an unparalleled experience that is highly rated by users and delivers sustainable results. The company’s cross-functional team operates at the intersection of life sciences, behavioral science and software technology and utilizes a performance-based approach to improve its users’ health. On the path to better health, Dario makes the right thing to do the easy thing to do. To learn more about DarioHealth and its digital health solutions, or for more information, visit www.DarioHealth.com.
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