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Healthsense Closes Strategic Financing with Leading Health Care InvestorsMENDOTA HEIGHTS, Minn. --(Business Wire)-- Healthsense®, Inc., a leading provider of next-generation remote monitoring solutions for the senior care market, today announced it has raised an additional $7 million in a round of Series-D financing led by new investors Merck Global Health Innovation Fund, LLC (GHIF) and Fallon Community Health Plan. They are joined in the round by existing Healthsense investors. The financing supports Healthsense as it continues to extend the reach of its remote monitoring platform throughout senior living communities and homes across the United States. Using the company's eNeighbor® passive monitoring and analytics technology, caregivers can proactively detect emerging health concerns before they turn into emergencies. Care providers can also be automatically alerted to emergent situations like falls, minimizing the potentially catastrophic consequences of such events. The integration of the company's solutions can meet the monitoring and oversight needs of individuals across the continuum of care, helping them stay independent and healthy as long as possible. "Healthsense has led the way in developing flexible care solutions for senior living communities and home-based care organizations to provide better care. As we go forward, our attention will increasingly focus on enhancing care models to advance the adoption of remote monitoring in health management," said Brian Bischoff, Healthsense CEO. "The addition of respected investors and industry leaders like Merck GHIF and Fallon Community Health Plan supports our belief that our technology and approach can both improve quality and reduce cost. Both companes represent strong strategic alliances for us at this important point in our growth." "The Healthsense technology and related business platform support an industry trend toward better outcomes and reduced health care costs at the most appropriate location to receive care," said Patrick Hughes (News - Alert), Fallon Community Health Plan President and CEO. "As a leader in the growing senior care and complex dual-eligible markets, we're excited about our relationship with Healthsense and proud to support their efforts to bring solutions that are increasingly important to these markets." Ziegler acted as financial advisor to Healthsense on the Series D Financing transaction.
About Healthsense, Inc.
About Merck Global Health Innovation Fund
About Fallon Community Health Plan
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