Knoxville-based Hubble Telemedical, Inc. has been acquired.
The company, founded in December 2011 by two researchers – Ed Chaum of the University of Tennessee Health Science Center, and Ken Tobin of Oak Ridge National Laboratory – is now part of Welch Allyn, Inc., a leading medical diagnostic device company. The Knoxville company is focused on remote diabetic retinopathy screening and analysis in primary care and other convenient settings.
“Hubble Telemedical started 10 years ago as a concept and has always been about changing the health care paradigm and the way we screen for diabetic eye disease, to make it accessible, efficient, and effective in reducing vision loss and blindness,” Chaum told us yesterday. “Being part of a world class health care company like Welch Allyn now creates an opportunity to scale Hubble into an innovative national enterprise to achieve these goals.”
Witkowski, who has exited his own start-up – Protein Discovery – in late 2011 joined Hubble in 2012.
“It has been a great pleasure leading Hubble since its inception,” he said. “All of us at Hubble are extremely proud of the company we have built. I am especially thankful for the close working relationship and strategic direction provided by MB Venture Partners, the capital provided by our investors, and the unending dedication and hard work provided by our employees. Now part of Welch Allyn, we look forward to eradicating preventable vision lossand blindness from diabetic retinopathy around the world.”
According to yesterday’s announcement, “Hubble Telemedical’s current product will continue to be developed, sourced and sold by its existing workforce.”