Kestra Medical Technologies Partners with Biobeat for $5 Million Investment to Enhance Cardiac Recovery Monitoring
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3d ago
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Source: Globenewswire
- Strategic Collaboration: Kestra Medical Technologies has entered into a strategic collaboration with Biobeat Technologies, involving a $5 million equity investment aimed at integrating Biobeat's cuffless blood pressure monitoring technology into the ASSURE® Wearable Cardioverter Defibrillator, thereby enhancing patient monitoring capabilities and clinical decision support.
- Technological Integration Benefits: Biobeat's FDA-cleared cuffless blood pressure monitoring device provides continuous 24-hour blood pressure data, which will enable Kestra to offer more comprehensive health monitoring for patients during cardiac recovery, particularly in managing hypertensive patients.
- Clinical Research Support: The recent clinical evaluation study of the ASSURE wearable cardioverter defibrillator by Kestra revealed that 72% of participants were hypertensive, underscoring the importance of blood pressure monitoring during cardiac recovery and providing stronger evidence for clinical decision-making.
- Market Outlook: This collaboration not only enhances Kestra's competitiveness in cardiac health monitoring but also demonstrates its strategic vision in promoting at-home patient care and optimizing medical decision-making, which is expected to attract more attention from healthcare providers.
Analyst Views on KMTS
Wall Street analysts forecast KMTS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for KMTS is 30.00 USD with a low forecast of 28.00 USD and a high forecast of 32.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 22.980
Low
28.00
Averages
30.00
High
32.00
Current: 22.980
Low
28.00
Averages
30.00
High
32.00
About KMTS
Kestra Medical Technologies, Ltd. is a commercial-stage, wearable medical device and digital healthcare company focused on transforming patient outcomes in cardiovascular disease using monitoring and therapeutic intervention technologies that are intelligent and connected. The Company has developed and is commercializing its Cardiac Recovery System platform, a comprehensive and advanced system that integrates monitoring, therapeutic treatment, digital health, and patient support services into a single, unified solution. The Company's Cardiac Recovery System platform includes ASSURE WCD, which is a wearable cardioverter defibrillator (WCD) used to protect patients at an elevated risk of sudden cardiac arrest (SCA). Its Cardiac Recovery System platform also includes fully integrated digital solutions and services such as the ASSURE patient application, Kestra CareStation remote patient data platform, Heart Alert Services, and ASSURE Assist services and ASSURE wearable ECG.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
