Nortek subsidiary acquires health and wellness tech business for $12M

A SUBSIDIARY of Nortek Inc., Nortek Security & Control LLC, has acquired the mobile personal emergency response system and telehealth business assets from Numera Inc. in Seattle.
A SUBSIDIARY of Nortek Inc., Nortek Security & Control LLC, has acquired the mobile personal emergency response system and telehealth business assets from Numera Inc. in Seattle.

PROVIDENCE – A subsidiary of Nortek Inc., Nortek Security & Control LLC, has acquired the mobile personal emergency response system and telehealth business assets from privately held Numera Inc. for $12 million.
According to a U.S. Securities and Exchange Commission filing, the business from Seattle-based Numera recorded unaudited net sales of under $3 million last year, which was its first full year of sales.
A news release from Nortek said that Numera’s products and cloud-based software platforms enable providers and healthcare-related companies to create new safety and health monitoring services for customers.
For example, Numera Libris integrates safety and health monitoring capabilities in a small, wearable mobile device. Libris features instant hands-free communication, automated fall detection, location services and two-way voice communication. It can be operated virtually anywhere, the company said.
“Acquiring this business is an important technology initiative for our Security & Control Solutions segment,” Nortek President and CEO Michael J. Clarke said in a statement. “Combining Numera’s mobile PERS technologies with Nortek’s traditional PERS and on-premises security and home automation offerings will position us at the forefront of today’s aging-in-place technology trends. It also provides us with a point of entry and the opportunity to lead in an evolving, fast-growing market, as well as the potential to realize top-line synergies by cross selling between Nortek’s existing home security and PERS dealer networks and Numera’s impressive client base.”
Said Michael O’Neal, president of Nortek Security & Control, “Nortek is firmly established as a leading supplier of traditional PERS solutions within the home, and Numera’s mobile platforms provide seniors and those with special needs with personal security whether at home or away. In addition, Numera’s health status monitoring capabilities target the rapidly emerging telehealth market, making the transaction an even more exciting opportunity for us.”

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