Healthsense, Inc., which provides wireless sensors and remote monitoring solutions for the senior care market, has closed a round of capital financing led by Radius Ventures, LLC. Healthsense, which launched its first commercial product in 2006, has developed a large base of customers and demonstrated substantial year-over-year growth for its Wi-Fi sensors, nurse call systems and advanced algorithmically-enabled remote monitoring solutions. The Radius financing sill support Healthsense and its efforts to grow its sales and marketing efforts and expanding the company’s platform into new markets.
“Radius has been studying the senior care market for several years and searching for an emerging company with best-of-breed technology, a well-conceived business model, and the potential for rapid and profitable growth. Healthsense has built a highly differentiated, integrated remote monitoring platform, which scales broadly across a range of healthcare applications targeting the senior care market – the company has developed an exciting and competitive product offering which delivers great value to its customers. The Healthsense team is very innovative, strong and agile, and unique in how they have engaged their customers in designing and deploying technology and processes to transform healthcare delivery.” said Daniel C. Lubin, Managing Partner at Radius.
“Radius has impressed the entire Healthsense team with its unique approach, outstanding network of healthcare industry executives, and track record of supporting the rapid growth of its portfolio companies,” stated Brian J. Bischoff, President & CEO of Healthsense.