Echo Healthcare Inc., a global leader in high-reality simulation, and Immersive Interactive Ltd, a worldwide leader in Immersive Spaces and educational software, today announced that Echo Healthcare has acquired Immersive Interactive. With the acquisition, Echo Healthcare significantly expands its healthcare simulation and education offering, further supporting its mission to save lives and improve patient outcomes through innovation, education and technology.
The acquisition of Immersive Interactive complements the circle of innovation established by Echo Healthcare. With the acquisition, Immersive Interactive will become part of the global Echo Healthcare organization — while maintaining its offices and continuing to develop and support the Immersive Interactive product line in the United Kingdom and the rest of world. Both Echo Healthcare and Immersive Interactive will begin to work immediately on their shared vision to create the world’s premier immersive interactive simulation spaces.
“The acquisition of Immersive Interactive is an important step in the evolution of our suite of product offerings, allowing increased market access, an enhanced team, and a further defined value proposition”, said Kevin King, CEO of Echo Healthcare. Immersive Interactive is a premier organization with a global customer footprint, distribution channels, and a unique and valuable suite of products and services.
“The opportunity to become part of Echo Healthcare, an innovative company with a noble purpose in health and general education, is great for our employees, our customers, and for the healthcare community as a whole,” said David Salt, co-founder and partner at Immersive Interactive. “By joining two amazing companies together we will immediately realize gains in efficiency, access to resources, and roadmap acceleration” added Chris Porter, co-founder and partner at Immersive Interactive. Both Chris and David will be joining Echo Healthcare in senior leadership positions, and the entire team at Immersive will be joining Echo Healthcare to redefine the international value proposition.
“We are pleased to add that the joining together of the two companies does not result in the loss of any jobs, and in fact provides more avenues for more opportunities than ever before,” added King.
The deal provides an exit for Immersive’s institutional investor Mercia Asset Management plc. Mercia first backed the company in 2013, using funding from the North West Fund for Venture Capital and later via the Northern Powerhouse Investment Fund.