Exit for SpinLab Health Startup aidhere

We're delighted to share the news of aidhere, a standout from our 10th SpinLab class, successfully acquired by Reykjavik-based global digital therapeutics provider, Sidekick Health. This strategic move expands Sidekick's offerings into prescription therapeutics and keeps the DiGA app, zanadio, available for prescriptions.

With this acquisition, Sidekick is making a targeted investment in the market for digital digital health applications and intends to further expand its range of expand its offering in this area. For this purpose, the company is creating a new business unit for prescription therapeutics. Its management will be aidhere founder and managing director Henrik Emmert. All employees of  aidhere will be taken over by Sidekick. 

This acquisition brings with it zanadio, one of the most successful PDTs launched to date. zanadio has fulfilled over 50,000 prescriptions and is recognized within Germany's regulated  nationwide DiGA (Digitale Gesundheitsanwendungen) formulary for prescribable digital apps. Achieving long-term behavioral change and significant weight loss of 8% in patients at the end of 12 months, and with over 10,000 doctors prescribing it, zanadio is fully reimbursed for patients with a BMI from 30 to 40 kg/m². As a permanently approved DiGA, zanadio is reimbursed by all statutory health insurers in Germany. 

Henrik Emmert, future Head of the Business Unit for Prescription Therapeutics at Sidekick Health: "With Sidekick, aidhere now has a strong partner at its side with whom we want to grow further. We are convinced of the added value that digital offerings bring to care, and together with all three business units we will provide important impetus for the digitization of healthcare."

Sidekick Health's CEO, Dr. Tryggvi Thorgeirsson, shared that the decision to acquire aidhere was fueled by the shared PDT vision and cultural alignment of the two organizations. “Developing and distributing prescribed therapeutics has always been core to our long-term vision, and when we were introduced to aidhere's remarkable products and exceptional team, we knew that joining forces was the right step to take,” said Thorgeirsson.  

Sidekick Health's recent success in closing its Series B fundraising round in May 2022 laid the foundations for the company to accelerate innovation and drive even greater impact in the digital health and therapeutics sector. Notable investors in Sidekick Health include Novator Partners, Asabys Partners, Frumtak Ventures, and Wellington Partners.