Under the acquisition, Fitbit will continue to operate as if it were an independent company with its own product roadmap and operating strategies, according to the report.
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Jackie Drees –
Wednesday, October 28th, 2020
Google purchased Fitbit for $2.1 billion in November 2019, and Mr. Park stated he expects the deal to close later on this year, including that “Google has extraordinary resources [and] the mix of the 2 business has the prospective to have an extensive impact on the course of healthcare.”.
Telemedicine might be a crucial option for Fitbit to boost the wearable technology businesss subscription service, according to co-founder and CEO James Park, Tech Spot reports.
Fitbits premium health and wellness membership service has more than 500,000 users. Moving on, the business prepares to grow this line by getting into virtual care and convincing consumers that financial investments in digital tools such as a linked thermometer will help “provide your physician that same level of insight that they might get when you go in for an in-person go to,” Mr. Park said, according to the Oct. 26 report.