Launchit Solutions expands healthcare portfolio with acquisition of MedStack Inc., accelerating innovation in privacy-compliant health tech solutions

by Innovation Factory
November 4, 2024

Hamilton, ON – November 1, 2024 – Launchit Solutions Inc. (“LSI”), a pioneering health technology studio known for accelerating growth in the digital health space, announced today its asset acquisition of MedStack Inc. (“MedStack”), a leader in global healthcare compliance infrastructure.

This acquisition enhances LSI’s capabilities in secure, compliant software development, merging the companies’ strengths to address the growing demand for innovative, regulatory-ready healthcare solutions. Together, LSI and MedStack will support developers and health organizations to bring compliant applications to market with unprecedented speed and reliability.

The acquisition enables Launchit Solutions Inc. to leverage MedStack’s foundational platform, which has been trusted by healthcare innovators for its rigorous adherence to HIPAA and other regulatory standards. By bringing MedStack into the LSI family, LSI will expand its capabilities in providing streamlined, security-first solutions to healthtech innovators and providers, helping them to efficiently address critical challenges related to compliance, data privacy, and patient trust.

“With MedStack, we are positioning ourselves to be the most trusted platform for compliant digital health applications,” said Jamie Harsevoort, LSI’s CEO. “This acquisition brings our shared vision to life, helping our clients focus on innovation without compromising compliance or security.”

MedStack’s industry-leading digital health cloud security solution MedStack Control and privacy program builder Exos by MedStack, have been instrumental in powering healthtech solutions across North America and beyond, serving a diverse array of clients by reducing the complexity of compliance and enabling developers to focus on the functional impact of their applications.

MedStack is the proud recipient of MedTech Breakthrough’s Best Cloud Security Solution award for 2024, and numerous other accolades. With this acquisition, LSI will not only bolster MedStack’s reach but also provide its customers with an expanded suite of tools that integrates compliance seamlessly within every stage of the development lifecycle.

As healthcare continues its digital transformation, the combined expertise and technology of LSI and MedStack represent a significant advancement in the market.

“Healthcare innovation demands robust, secure, and compliant foundations,” added MedStack’s CEO Balaji Gopalan. “Together with LSI, we’ll be providing the infrastructure to make regulatory compliance a natural part of digital health development, driving forward a new era of health technology innovation.”

For more information about the acquisition and the future of LSI’s expanded offerings, visit Launchit Solutions and MedStack.

Media Contacts

Balaji Gopalan
Chief Product Officer
Launchit Solutions Inc.

Original Article on Innovation Factory

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