Skip to main content

Berenson Capital Acquires Interactive Digital Solutions

Analysis  |  By John Commins  
   June 14, 2021

Noblesville, Indiana-based IDS provides cloud-based video communications platforms for business, healthcare, and government.

Tech sector private equity firm Berenson Capital said Monday that it has acquired Interactive Digital Solutions, a cloud-based, telehealth and video conferencing platform.

Financial terms of the deal were not disclosed.  

Noblesville, Indiana-based IDS provides a cloud-based video communication platform for healthcare systems, government, and the private sector, and features a proprietary virtual patient observation platform called MedSitter. 

IDS developed MedSitter in 2017 to help healthcare systems address patient falls by using two-way video and audio observation tools and virtual patient monitoring.

"More so than ever before, this past year has highlighted the importance of strategically leveraging best-of-breed video solutions to foster communication and collaboration both internally and externally across organizations," Tracy Mills, CEO and Founder of IDS, said in a media release.

"IDS has thrived by continuously helping clients across all segments overcome a variety of challenges. We look forward to the partnership with Berenson Capital as we continue to invest in our portfolio of next-generation solutions," Mills said.

Veteran healthcare tech executive David Fetterolf will join IDS as executive chairman. Most recently Fetterolf was president of Stratus Video, a private-equity-backed healthcare video interpreting platform that was sold to AMN Healthcare for $475 million.

"IDS's portfolio of solutions is driving incredible value for their clients across all segments of the market," Fetterolf said. "In healthcare specifically, their proprietary MedSitter solution is revolutionizing how healthcare facilities address reducing patient falls within their facilities. I look forward to supporting the company as it continues providing best-in-class solutions into all markets."

“More so than ever before, this past year has highlighted the importance of strategically leveraging best-of-breed video solutions to foster communication and collaboration both internally and externally across organizations.”

John Commins is a content specialist and online news editor for HealthLeaders, a Simplify Compliance brand.


KEY TAKEAWAYS

IDS provides a cloud-based video communication platform for healthcare systems, government, and the private sector, and features a proprietary virtual patient observation platform called MedSitter. 

IDS developed MedSitter in 2017 to help healthcare systems address patient falls by using two-way video and audio observation tools and virtual patient monitoring.

Veteran healthcare tech executive David Fetterolf will join IDS as executive chairman.

Most recently Fetterolf was president of Stratus Video, a private-equity-backed healthcare video interpreting platform that was sold to AMN Healthcare for $475 million.


Get the latest on healthcare leadership in your inbox.