The ticker symbol for Fitbit is displayed at the post where it is traded on the floor of the New York Stock Exchange February 23, 2016. PHOTO: REUTERS
Fitbit has been pushing deeper into the healthcare space and in August tied up with the Singapore government to provide fitness trackers and services in a health program that the company said could reach up to one million users.
Fitbit considers whether it should explore a sale
Under Thursday’s deal, the company’s devices will carry software that will help detect atrial fibrillation - the most common type of irregular heartbeat - after approval from the US Food and Drug Administration.
Atrial fibrillation is a condition associated with irregular heart rhythm that increases the risk of stroke and is usually prevalent among people above 65 years of age.
About 2.7 million to 6 million people suffer from the condition in the United States, according to the Center of Disease Control and Prevention.
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