Healthcare

BioTelemetry

Company Profile Analysis

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BioTelemetry - Healthcare showcase

Year Founded & Workforce

1993-12-31

1,600 Employees

Industry

Healthcare

Services

B

BioTelemetry Overview

Company Headquarters: Pennsylvania, US

Founded: 1994

Workforce: ~1,600

Company Working: BioTelemetry provides monitoring services and digital population health management to healthcare providers. It also develops and manufactures medical devices and centralized core laboratory services for clinical research. The company is focused on cardiac monitoring and has developed a proprietary integrated patient management platform to transmit data through the wireless network. It has three business segments, namely, healthcare, research, and technology.

Strategy

BioTelemetry focuses on increasing the overall demand for its cardiac monitoring services, expanding its presence in the research market, and leveraging its core competencies to avail of new market opportunities. The company aims to strengthen its position in the market. It further aims to increase its cardiac monitoring sales by educating cardiologists, electrophysiologists, and neurologists on the benefits of using mobile cardiac telemetry to meet their arrhythmia monitoring needs.

Company Snapshot

$178.5M

Revenue

1,600

Employees

1993-12-31

Founded

Pennsylvania, US

Headquarters

SWOT Analysis

Strengths

  • Strong presence on online portal
  • Growing regional presence
  • Rising brand loyalty
  • Strong presence through online portals
  • Mergers and acquisitions
  • Strong brand loyalty

Weaknesses

  • Less expenditure on research and development activities
  • Poor post purchase services
  • Limited to the US market only
  • Low investment on research and development

Opportunities

  • Unmet medical needs in developing and underdeveloped regions
  • Expanding presence in the research market to diversify company’s service offerings
  • Expand into new market areas that require outpatient or ambulatory monitoring and management

Threats

  • Changing regulatory policies
  • Growing competition
  • Outstanding debt, which could adversely affect the company’s financial condition
  • Company’s financing cost is affected by the interest rate on loans set by LIBOR (London interbank offered rate)

Key Developments

DateApproachDevelopment
July 2019AcquisitionBioTelemetry acquired ADEA Medical AB, a medical technology company, with Sweden-based operations. ADEA Medical AB provides remote health services in the Nordics. This acquisition will help BioTelemetry in achieving a long-term strategic plan to increase its international footprint.
March 2019AcquisitionBioTelemetry acquired Geneva Healthcare, Inc. (headquarter in New Zealand, Oceania), one of the leading providers of remote monitoring for implantable cardiac devices. This acquisition will solidify the company’s leadership position in the remote cardiac monitoring market.
November 2017PartnershipBioTelemetry came in partnership with Apple Inc. (headquarter in California, US) to provide cardiac monitoring services in combination with the Apple Heart Study. This partnership is an initiative to benefit the individuals who are unaware that they might be at risk of serious health problems.
July 2017AcquisitionBioTelemetry acquired LifeWatch, a supplier of mobile cardiac monitoring solutions, with US-based operations. This acquisition will aid in developing innovative remote cardiac monitoring solutions and providing solutions to meet the upcoming challenges of the healthcare industry.

Product Offering

  • BioTelemetry
    • Mobile Cardiac Telemetry
    • Event Monitoring
    • Extended Holter Monitoring

Financial Performance

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About the Author

Wantstats Research Team

Wantstats' research desk profiles BioTelemetry as part of our ongoing coverage of the Healthcare sector, drawing on public company data, filings, and market intelligence.

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I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
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Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.
Noah Malgeri
Noah Malgeri

Co-Founder, Mojave Rail Fabrication Limited

This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.
Michael Robert

Manager, JavolVision

Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Joseph Aguayo

Sales Operations & Pricing Manager, Intel

Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau

Sales Leader, Bamberg

We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Peter Groot Koerkamp

Account and Business Manager, EFS-Holland BV

Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Younghwan Choi

Senior Retail Manager, LG Chem

We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin

Management Consultant, Level 21

I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker

Group Product Manager HVAC & Fire Protection GMA, Rockwool

I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee

R&D Director, Seojin

Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.

BioTelemetry

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