DarioHealth Enters UK Remote Patient Monitoring (RPM) Market Through Agreement with Williams Medical

Rhea-AI Summary

DarioHealth Corp. (Nasdaq: DRIO) has announced a strategic partnership with Williams Medical to launch its Remote Patient Monitoring (RPM) platform across the UK and Ireland. This initiative aims to assist healthcare professionals in managing chronic conditions, alleviating pressures from the COVID-19 pandemic. Dario's RPM solution enhances patient care while reducing healthcare provider workloads. The partnership leverages Williams Medical's extensive network of over 8,000 practices, enhancing Dario's growth strategy outside the U.S. and targeting chronic conditions like diabetes.

Positive

• Strategic partnership with Williams Medical expands Dario's RPM platform in the UK and Ireland.
• Access to a network of over 8,000 healthcare providers enhances market penetration.
• Opportunity to address chronic conditions, improving patient management and care.

Negative

• None.

RHYMNEY, Wales and NEW YORK, July 20, 2020 /PRNewswire/ -- DarioHealth Corp. (Nasdaq: DRIO), a pioneer in the global digital therapeutics market, announced that the company has entered into a new strategic partnership with Williams Medical to make the DarioHealth Remote Patient Monitoring (RPM) digital therapeutics platform available to Healthcare Professionals (HCPs) across the United Kingdom and Ireland. Dario's turn-key RPM solution integrates the company's existing open platform, application technology, and the DarioEngage coaching platform, to allow Healthcare Professionals to monitor their patients remotely. Dario's digital solution is intended to provide relief for primary and secondary care providers challenged by the COVID-19 pandemic and facing potential serious winter pressures in the healthcare system. We believe that equipping practitioners to proactively treat, monitor and manage patients with long-term conditions within the community will ultimately result in reduction of the ongoing pressure on general practitioners, emergency departments, and in-patient services.    

Williams Medical is the leading provider of medical goods and services to primary care in the UK, and this agreement supports both companies' commitment to drive growth and deliver innovative solutions to frontline healthcare. With a broad base of over 8,000 general practices and healthcare providers in the community and domiciliary care sectors, Williams' comprehensive sales network serves as an ideal platform to promote and strengthen the Dario's suite of digital therapeutic solutions in the British and Irish healthcare markets.

Williams' goal is to further enhance their comprehensive product range by adding Dario's RPM capabilities. The initial offering will provide digital patient services to primary care practices in the management of patients with a broad range of chronic conditions, such as diabetes.

"We are very excited about this partnership between DarioHealth and Williams Medical as this aligns with our international growth initiative by offering our world-class RPM platform to physicians outside of the United States," said Dror Bacher, Chief Operating Officer of DarioHealth. "Williams' in-depth understanding of the UK and Irish healthcare markets and strong presence in the primary care arena creates an ideal opportunity for us to deliver a best-in-class RPM solution to general practices and patients, which we believe leads to reduced HCP workload while enhancing patient care and clinical outcomes.

"We are proud to partner with DarioHealth in this new endeavor as this will give our customers access to an exclusive and innovative RPM platform at a time when digital therapeutics solutions are poised for rapid adoption in the UK and Ireland," said Hugh Hamer, Managing Director of Williams Medical. "At Williams, innovation is one of our core values and we are always seeking new opportunities to make it quicker and easier for our customers to spend more quality time with their patients. We strongly believe that Dario's RPM offering fills a major unmet need by helping practices achieve meaningful improvements in medical outcomes while potentially increasing efficiency and reducing healthcare costs." 

About DarioHealth Corp.

DarioHealth Corp. (Nasdaq: DRIO) is a leading, global digital therapeutics company revolutionizing the way people with chronic conditions manage their health. By delivering evidence-based interventions that are driven by data, high-quality software and coaching, we empower individuals to make healthy adjustments to their daily lifestyle choices to improve their overall health. Our cross-functional team operates at the intersection of life sciences, behavioral science and software technology to deliver highly engaging therapeutic interventions. Dario is one of the highest-rated diabetes solutions in the market, and its user-centric MyDario™ mobile app is loved by tens of thousands of consumers around the globe. DarioHealth is rapidly moving into new chronic conditions and geographic markets, using a performance-based approach to improve the health of users managing chronic disease. To learn more about DarioHealth and its digital health solutions, visit http://dariohealth.com

About Williams Medical Supplies

With a heritage dating back more than thirty years, Williams Medical Supplies Ltd is the largest supplier of medical disposables, equipment, pharmaceuticals and medical services to UK primary care. Williams' parent company is DCC Vital, which is part of DCC plc; listed on FTSE 100 and one of the UK and Ireland's largest companies.

For more information, visit www.wms.co.uk

Cautionary Note Regarding Forward-Looking Statements

This news release and the statements of representatives and partners of DarioHealth Corp. (the "Company") related thereto contain or may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the generality of the foregoing, words such as "plan," "project," "potential," "seek," "may," "will," "expect," "believe," "anticipate," "intend," "could," "estimate," or "continue" are intended to identify forward-looking statements. For example, the Company is using forward-looking statements in this press release when it states that it believes that equipping practitioners to proactively treat, monitor and manage patients with long-term conditions within the community will ultimately result in reduction of the chronic pressure on general practitioner surgeries, emergency departments, and in-patient services, that Williams' comprehensive sales network serves as an ideal platform to promote and strengthen the Dario's suite of digital therapeutic solutions in the British and Irish healthcare markets, that Williams' in-depth understanding of the UK and Irish healthcare markets and strong presence in the primary care arena creates an ideal opportunity for Dario to deliver a best-in-class RPM solution to general practices and patients and its belief that its RPM solution leads to reduced HCP workload while enhancing patient care and clinical outcomes. Readers are cautioned that certain important factors may affect the Company's actual results and could cause such results to differ materially from any forward-looking statements that may be made in this news release. Factors that may affect the Company's results include, but are not limited to, regulatory approvals, product demand, market acceptance, impact of competitive products and prices, product development, commercialization or technological difficulties, the success or failure of negotiations and trade, legal, social and economic risks, and the risks associated with the adequacy of existing cash resources. Additional factors that could cause or contribute to differences between the Company's actual results and forward-looking statements include, but are not limited to, those risks discussed in the Company's filings with the U.S. Securities and Exchange Commission. Readers are cautioned that actual results (including, without limitation, the timing for and results of the Company's commercial and regulatory plans for Dario™) may differ significantly from those set forth in the forward-looking statements. The Company undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.

DarioHealth Corporate Contact: 
Claudia Levi 
Content & Communications Manager
claudia@mydario.com 
+1-347-767-4220

Media Inquiries:
Investor Relations Contact:
Chuck Padala
chuck@lifesciadvisors.com
 +1 646-627-8390

 

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SOURCE DarioHealth Corp.

FAQ

What is the significance of DarioHealth's partnership with Williams Medical?

The partnership is significant as it allows DarioHealth to expand its Remote Patient Monitoring platform into the UK and Ireland, enhancing the healthcare services available for managing chronic conditions.

How does DarioHealth's RPM platform benefit healthcare professionals?

DarioHealth's RPM platform helps healthcare professionals monitor patients with chronic conditions remotely, reducing their workload and improving patient care.

When was the partnership between DarioHealth and Williams Medical announced?

The partnership was announced on July 20, 2020.

What chronic conditions will DarioHealth's RPM platform address?

The RPM platform will initially focus on managing chronic conditions such as diabetes.

What is the stock symbol for DarioHealth?

The stock symbol for DarioHealth is DRIO.