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Dascena's COViage system uses demographic and vital-sign data pulled from a COVID-19 patients' EHR to calculate their risk of hemodynamic instability or respiratory failure.
The company also announced that it raised $15 million in funding.
The new tool helps synthesize information from EHRs, payers, clinical trials and reports.
The deal rates Clover at an enterprise value of about $3.7 billion and is expected to close in early 2021.
Like others in the space, the 43-year-old owner of the NordicTrack, Freemotion, ProForm and iFit brands has seen revenues rise amidst social distancing.
The £40 million system is intended to enable researchers to tackle the most pressing medical challenges.
Investment proceeds will primarily fund FDA registration studies and opening of US headquarters.
Founded in 2015, Malaysia-based corporate healthcare benefits and wellness management platform HealthMetrics last week announced it has raised a total of $5 million (approximately RM 20 million) as part of its Series A funding.
The tech can connect to a smartphone app and give alerts and notifications.
Rock Health reports $4 billion in funding for U.S. digital health startups this quarter, much of which was driven by a flurry of telehealth investments and late-stage rounds for R&D and fitness tech companies.