MENDOTA HEIGHTS, Minn.--(BUSINESS WIRE)--Healthsense, Inc., a leading supplier of healthcare monitoring systems for the senior living industry announced today that The Ziegler Companies, Inc., through its private equity group, Ziegler HealthVest Management, LLC., has purchased a significant stake in the company. Ziegler (symbol: ZGCO) is a boutique investment banking and investment services firm specializing in the healthcare services industry. The deal brings financial resources, management expertise, and industry experience to Healthsense.
“The combination of Ziegler’s resources, healthcare 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,” stated Brian Bischoff, President and CEO 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.” Healthsense provides health monitoring and tracking solutions designed on proven non-proprietary, open standards that allow seamless integration with new or existing healthcare systems and infrastructure. The company offers several customized sensor and monitoring products for the healthcare market including: eNeighbor,™ an automatic personal emergency response system with Activities of Daily Living (ADL) monitoring, and the more complex Healthsense Integrated Solutions which offers Wi-Fi wireless nurse call, wander management, campus security, and campus-wide Wi-Fi communication.
“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.” Prior to Ziegler’s funding, Healthsense developed the eNeighbor system with financial backing and direction of the National Institute on Aging (NIA) and the Defense Advanced Research Projects Agency (DARPA).
For More Info
For more information on Healthsense or to request an eNeighbor brochure, please visit our website www.healthsense.com or contact us at: Healthsense, 1250 Northland Drive, Suite 110, Mendota Heights, MN 55120, Terry Barck (952) 400-7303, email@example.com
Healthsense is a market leader in providing assistive health monitoring technologies to protect the health and well being of at-risk individuals. Healthsense Integrated Solutions offers completely integrated systems including: ADL monitoring, Wi-Fi wireless nurse call, fall detection, wander management, campus security, and campus-wide Wi-Fi communication. These systems are scalable, flexible, and based on proven open network communication standards.
The flagship Healthsense product is the eNeighbor™ system. The eNeighbor system was developed under the direction of the National Institute of Aging (NIA) and the Defense Advanced Research Projects Agency (DARPA). The system monitors an individual in their home and automatically calls for help if it detects a possible problem. The eNeighbor system utilizes a series of wireless sensors placed through out the residence, which capture the occupant’s activities of daily living.
The ongoing mission of Healthsense is to focus on commercialization of emerging sensing and automation technologies to address national concerns related to advances in patient safety, quality of life and reduction of healthcare costs.
The Ziegler Companies, Inc. (symbol: ZGCO) is a growth-oriented boutique investment banking and investment services firm with a primary focus in the healthcare, senior living and church and school sectors. Operations encompass capital markets (capital advisory services, bond underwriting, mortgage banking, institutional sales and trading) and wealth management, including asset management and investment services.
Nationally, Ziegler Capital Markets is ranked as one of the leading investment banking firms for not-for-profit healthcare and senior living facilities, as well as religious institutions and schools.
Ziegler Wealth Management (retail brokerage) encompasses investment and consulting services for individuals, families, businesses owners and institutions. It operates a network of financial advisors throughout Wisconsin and the nation.
Ziegler's alternative investing activities include raising and deploying capital through private investment funds with investment objectives related to the real estate, services and technology sectors of the healthcare and senior living industries.
Ziegler Capital Management, LLC serves as investment advisor to the North Track family of mutual funds and the Ziegler Exchange Traded Trust and provides separate account management for individuals, corporations, foundations and endowments. Total assets under management are approximately $3.7 billion.
Certain comments in this news release represent forward-looking statements made pursuant to the provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements are subject to a number of risks and uncertainties, in particular, the overall financial health of the securities industry, the strength of the healthcare sector of the U.S. economy and the municipal securities marketplace, the ability of the Company to underwrite and distribute securities, the market value of mutual fund portfolios and separate account portfolios advised by the Company, the volume of sales by its retail brokers, the outcome of pending litigation, and the ability to attract and retain qualified employees.