Why Wayne-based Bracket Acquired This DC Company

In deal worth valued “in the 10 to 100 million range,” Wayne-based Bracket acquired D.C.-based mProve Health, a provider of mobile tech for life science companies and makers of a patient engagement solution used by 18 of the top 20 pharmaceutical companies.

No layoffs are expected as part of the deal. Instead, Bracket CTO Sam Whitaker said the company would start building up the mProve team, which currently has 33 employees. It aims to double that number in the next six months.

“The most interesting part [of the deal] is that we’re able to pick up functionalities that we think are market-leading in patient engagement,” said Whitaker, who’s also the founder of another company in the field of clinical trials: King of Prussia-based Greenphire.

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