Care
The deal is expected to close in January 2023.
The companies also raised $13 million in funding to support the merger.
The health system will evaluate the "functionality and wearability" of Movano's smart rings with 30 Novant employees.
The company said it plans to launch the latest model of its CGM in early 2023.
The funds will be used to add additional brick-and-mortar locations, recruit new healthcare providers and expand its technology platform.
The company will use the investment to scale its platform and expand its proprietary database.
The tool embeds in the EHR and allows providers to write care workflows that deliver best practices and next steps.
Hospitals are filling the need for psychiatrists and behavioral health services with virtual care, as Dr. Tom Milam, chief medical officer at Iris Telehealth, explains.
The company will use the investment to expand its technology's current abilities, add capabilities to detect additional health conditions and drive global growth.
Earlier this year, the company received FDA clearance for its RPM system that collects data like skin temperature, auscultation and heart rate in the home.