HONEYWELL INTERNATIONAL INC acquired HomMed, LLC, a transaction completed in December 2004, structured as Acquisition of a privately held company; financial terms undisclosed.
HomMed, LLC operates in Automation and Control Solutions (Life Safety) — became Honeywell HomMed / Honeywell Life Care Solutions, is based in Brookfield, Wisconsin, USA. HomMed was a provider of home-based remote patient monitoring and telehealth systems that let clinicians track patients' vital signs daily for chronic-disease management and post-acute care. Honeywell acquired the company to enter connected-home healthcare and remote patient monitoring; it operated as Honeywell HomMed and was later renamed Honeywell Life Care Solutions. HomMed employees became Honeywell employees on December 17, 2004.
Expands Honeywell into remote patient monitoring and connected-home healthcare, extending its life-safety/monitoring capabilities into healthcare.
Advisory firms were not disclosed for this transaction.