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VeriChip (CHIP), the company that markets a microchip implant that links to your online health records, has acquired Steel Vault (SVUL), a credit monitoring and anti-identity theft company. The combined company will operate under a new name: PositiveID.
The all-stock transaction will leave PositiveID in charge of a burgeoning empire of identity, health and microchip implant businesses that will only encourage its critics.
Unless, of course, consumers don’t actually want to be implanted with chips, have their health records available over the internet, or have their medical records linked to their credit scores.