Cable Giant Grows Home Health Venture With Trapollo Acquisition
Cox Communications, the third-largest U.S. cable company that provides digital video, Internet, telephone and home security services to nearly 6 million residences and businesses, has expanded in the home health sector after acquiring Trapollo, a national provider of managed services that enables home health agencies, healthcare providers and insurers to deploy telehealth and remote health monitoring systems.
This is not the first play Cox Communications has made in home health. Earlier this year, the cable giant made an investment in the sector when it created a joint venture with Cleveland Clinic called Vivre Health. That venture will create new telehealth services to facilitate communication between doctors and patients at home via the Internet.
Trapollo integrates remote home health monitoring solutions that are designed for chronic disease management, independent living and employer health and wellness programs. The Northern Virginia-based company will retain its current leadership and brand under the acquisition.
“Becoming a part of Cox is a unique opportunity for our company, employees and customers,” Todd Leto, co-founder and chief executive officer of Trapollo, said in a prepared statement. “With Cox’s long-term commitment and shared vision we will have the resources to provide our existing and future customers with the solutions necessary to successfully design and implement effective remote health monitoring programs.”
Cox Communications’ latest move reveals a growing interest in the home health sector and an expectation of growth.
“We believe that the home will be an increasingly important node within the health care delivery architecture,” Asheesh Saksena, executive vice president and chief strategy officer at Cox Communications, said in a prepared statement. “The Trapollo acquisition allows us to play a more strategic role in the deployment of healthcare technologies in the homes of patients across the country.”
Cox Communications did not respond to SHN’s request for comment at press time on Monday.
Written by Amy Baxter