The Ziegler Companies, Inc., through its private equity group, Ziegler HealthVest Management LLC., has purchased a significant stake in Healthsense Inc., a Mendota Heights, Minn.-based supplier of health care monitoring systems for the senior living industry
Milwaukee-based Ziegler is a boutique investment banking and investment services firm specializing in the health care services industry. The deal brings financial resources, management expertise and industry experience to Healthsense.
"The combination of Ziegler's resources, health care industry experience and relationships; and Healthsense's considerable experience in developing distinctive sensing and automation technology for the healthcare world will provide our customers with an unparalleled opportunity," said Brian Bischoff, president and chief executive officer of Healthsense. "Our customers tell us that they want flexible, robust systems that easily integrate with their business needs. These systems must help them deliver better care, to more residents, at a lower cost."
"The need to provide cost-effective solutions to help seniors age at home or postpone a decline into acute care environments is one of the greatest challenges facing the healthcare industry and the economy at large. Ziegler feels that Healthsense shows great potential in their ability to help solve this problem with a highly distinctive suite of technologies," stated Paul Kusserow, chief investment officer and managing director of Ziegler HealthVest Fund. "We believe that Healthsense is unique in their ability to offer a broad range of reliable healthcare solutions that unobtrusively monitors seniors' health and provides appropriate alerts to caregivers and family when the seniors' health or daily living status changes."
The flagship Healthsense product is the eNeighbor system, which monitors an individual in their home and automatically calls for help if it detects a problem. The eNeighbor system utilizes a series of wireless sensors placed through out the residence, which capture the occupant's activities of daily living.
Ziegler acquires stake in Minnesota company
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