The Danish digital health platform has acquired the Oxfordshire-based firm to widen its expertise in tackling Type 2 diabetes.
Danish digital health platform Liva Healthcare has acquired Oxfordshire-based Discover Momenta as well as its subsidiary Momenta Newcastle, for an undisclosed sum.
The British firm provides and licenses virtual and in-person lifestyle programmes to National Health Service (NHS) organisations, local authorities and other third parties that target Type 2 diabetes.
Financial terms have not been disclosed.
The purchase of Momenta comes as Liva announced new additional funding to accelerate its growth plans. Details again have been not been disclosed, but the fundraising was led by new investor, IBL Group, a Danish family-owned investment company, through its portfolio company Nupo, with participation from existing investors MIG, Santos, MajInvest and other private investors.
“Today’s news marks a step-change in Liva’s ambitions, as we embark on a revamped strategic growth plan to help more people prevent, manage and reverse their chronic conditions,” said Shahram Sharif, chief executive of Liva Healthcare.
Liva Healthcare is a digital coaching platform that provides evidence-based coaching to manage and prevent chronic conditions. The Copenhagen-based firm has raised £35.2 million in funding over six rounds. In November last year, Liva registered with Britain’s Care Quality Commission (CQC).
