Bio 9 Ventures, a healthcare ecosystem consulting firm based in Plano, has unveiled its merger with three companies, including two North Texas businesses, to establish Kanectify, an integrated digital health continuity and engineering solutions company.
Bio 9 Ventures’ international healthcare IT division will forces with the data platforms division of Plano-based Tekwings, an integrated IT engineering company with a global presence. The merger also includes Frisco-based Cloud N Cluster, a cloud technology solutions provider, and Santanish, a next-generation healthcare platform architecture company, according to a news release.
The strategic merger aims to deliver innovative solutions to improve the quality of patient care worldwide.
Kanectify will pool the companies’ strengths to offer a portfolio of digital health R&D solutions, platform engineering services, and AI-powered healthcare innovations. The merger can also expand the companies’ reach within the global healthcare IT industry.
Raj Pallapothu, executive chairman of Bio 9 Ventures, emphasized collective commitment to improving global healthcare, saying, “We share a relentless focus on delivering healthcare innovations to the doorstep of the communities globally.”
Pallapothu, an entrepreneur and physician by training, said the new firm will “leverage human-centered design and digital technologies, including artificial intelligence, to increase communities’ engagement, deliver effective preventive healthcare, and achieve better health outcomes.”
‘Making high-quality care more accessible and affordable for everyone’
Tekwings founder Sagar Pidathala said the merger will benefit his company.
“Industry innovation leveraging technology isn’t born from more profound vertical expertise but from horizontal thinking.”
— Sagar Pidathala
“Industry innovation leveraging technology isn’t born from more profound vertical expertise but from horizontal thinking,” he said.
Pidathala expects the merger to “significantly advance our market position by broadening our portfolio of healthcare IT solutions and market reach,” according to the announcement.
Cloud N Cluster founder Srinivas Kommineni believes each company’s strength will benefit the others.
“Each company brings unique, proven capabilities that will position Kanectify to materially advance the reach and impact of care teams on patients’ lives through the use of innovative healthcare IT tools and making high-quality care more accessible and affordable for everyone,” Kommineni said.
Santanish CFO Rekha Shankarappa noted that the merger will help unlock the companies’ potentials.
“In this agile delivery of healthcare applications, this merger enables New IT architecture that is key to unlocking the power of digital technologies and creating the connected healthcare ecosystem of tomorrow,” Shankarappa said.
The announcement describes Kanectify’s approach to intelligence life sciences products and platforms services as personalized, holistic, and proactive. The newly established company aims to help life sciences companies deliver greater value for patients, manufacturers, payers, and providers through the convergence of smart connected products, intelligence health, platform engineering, and extended reality, according to the company.
As the news of the merger rolled out, Bio 9 Ventures’ Pallapothu noted the power of joining forces for patient-centric healthcare innovation in a LinkedIn post. As a new international firm, Kanectify can answer “a growing demand for accessible and deep tech-backed secure care, remote monitoring, and interoperability,” he said.
Quincy Preston contributed to this report.
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