Health IT firm for aging services pursues $13m+ round


HealthsenseA Mendota Heights health IT firm known as Healthsense is seeking to raise more investment capital — to the specific tune of $13,702,499 — according to a recent SEC filing that claims “first sale yet to occur.”

Looking back through the archives, Healthsense has been on the paper trail since 2007; it appears that $1.5m was secured in 2009, then there was a target round of $6.7m in 2010 and another $1.2 last year. The company is also in the portfolio of San Diego’s West Health Investment Fund as of 2011. From the Healthsense website:

“Healthsense offers completely integrated systems based on a standard Wi-Fi platform for Personal Emergency Response Systems, Wi-Fi wireless nurse call and remote safety and wellness monitoring. These systems are scalable, flexible and are proven across a broad base of installations. The flagship Healthsense product is the eNeighbor system, which was developed under the direction of the National Institute of Aging (NIA) and the Defense Advanced Research Projects Agency (DARPA). The system monitors individuals in their homes and automatically calls for help if it detects a possible problem. The eNeighbor system utilizes a series of wireless sensors placed throughout the residence that capture the occupant’s activities of daily living.”

KC Associates